Wolfspeed, Inc. CREE
At closeOct 4, 2021, 12:00 AM EDT
52-week range unavailable
- Market cap
- 9.84B
- Revenue (ttm)
- 525.60M
- Profit margin
- -99.68%
- Shares out
- 115.89M
- Forward P/E
- 1318.67
- Volume
- 1.33M
- Open
- 81.29
- Previous close
- 79.12
- Day's range
- 79.09 – 81.29
- Beta
- 1.44
- Analysts
- Hold
- Price target
- 100.67 (+27.2%)
- Earnings date
- Oct 27, 2021
Key statistics
- Enterprise value
- 8.87B
- PEG ratio
- 2.94
- Price / sales
- 17.45
- Price / book
- 4.32
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Revenue growth
- 34.50%
- Free cash flow
- -343.39M
- Total cash
- 1.15B
- Total debt
- 851.10M
- Return on equity
- -16.23%
- Short % of float
- 12.05%
- 50-day average
- 84.68
- 200-day average
- 94.14
Analyst view
Consensus: hold
- Target (low)
- 70.00
- Target (mean)
- 100.67
- Target (high)
- 150.00
- Strong buy0
- Buy3
- Hold7
- Sell2
- Strong sell1
Next earnings
Oct 27, 2021
Expected Oct 27, 2021. Consensus EPS estimate -0.23.
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Oct 27, 2021 | Sep 1, 2021 | -0.25 | — | — | — |
| Aug 17, 2021 | Jun 1, 2021 | -0.25 | — | — | — |
| Apr 28, 2021 | Mar 1, 2021 | -0.23 | — | — | — |
| Jan 27, 2021 | Dec 1, 2020 | -0.25 | — | — | — |
| Oct 28, 2020 | Sep 1, 2020 | -0.22 | — | — | — |
| Aug 18, 2020 | Jun 1, 2020 | -0.20 | — | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Oct 6, 2021 | Morgan Stanley | init | — | Equal-Weight |
| Sep 27, 2021 | Deutsche Bank | main | — | Hold |
| Sep 17, 2021 | B of A Securities | down | Neutral | Underperform |
| Aug 18, 2021 | Piper Sandler | main | — | Neutral |
| Aug 18, 2021 | Canaccord Genuity | main | — | Buy |
| Aug 18, 2021 | Wells Fargo | main | — | Equal-Weight |
About Wolfspeed, Inc.
Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.
- Sector
- Technology
- Industry
- Semiconductors
- Country
- United States
- Website
- cree.com
News
Benzinga's Top Ratings Upgrades, Downgrades For September 17, 2021
Earnings Scheduled For August 17, 2021
Earnings Scheduled For April 28, 2021
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Your note
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Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| DORCHAK GLENDA MARY | Director | Stock Award(Grant) | Aug 31, 2021 | 8,591 |
| HODGE JOHN C. | Director | Stock Award(Grant) | Aug 31, 2021 | 15,828 |
| HOSEIN CLYDE R | Director | Stock Award(Grant) | Aug 31, 2021 | 50,598 |
| JACKSON DARREN R | Chairman of the Board | Stock Award(Grant) | Aug 31, 2021 | 37,707 |
| LE DUY-LOAN T | Director | Stock Award(Grant) | Aug 31, 2021 | 20,540 |
| LOWE GREGG A | Chief Executive Officer | Stock Award(Grant) | Aug 31, 2021 | 512,944 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Blackrock Inc. | 14.31% | 16,582,573 | 1.62B | Jun 29, 2021 |
| Capital Research Global Investors | 12.20% | 14,141,094 | 1.38B | Jun 29, 2021 |
| Vanguard Group, Inc. (The) | 9.37% | 10,861,298 | 1.06B | Jun 29, 2021 |
| Capital International Investors | 8.76% | 10,151,880 | 994.17M | Jun 29, 2021 |
| JP Morgan Chase & Company | 6.72% | 7,784,560 | 762.34M | Jun 29, 2021 |
| ClearBridge Investments, LLC | 6.12% | 7,094,515 | 694.77M | Jun 29, 2021 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Smallcap World Fund | 4.56% | 5,287,678 | 517.82M | Jun 29, 2021 |
| Growth Fund Of America Inc | 3.78% | 4,376,928 | 428.63M | Jun 29, 2021 |
| New World Fund, Inc. | 3.43% | 3,976,297 | 389.40M | Jun 29, 2021 |
| New Economy Fund (The) | 3.38% | 3,920,516 | 383.94M | Jun 29, 2021 |
| Legg Mason Clearbridge Aggressive Growth Fd | 2.86% | 3,316,174 | 281.81M | Aug 30, 2021 |
| Vanguard Total Stock Market Index Fund | 2.82% | 3,263,432 | 319.59M | Jun 29, 2021 |
