Wolfspeed, Inc. operates as a bandgap semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications. The company also provides power devices, such as silicon carbide Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), and power modules for customers and distributors to use in applications, including electric vehicles comprising charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, it offers RF devices comprising GaN-based die, high-electron mobility transistors, monolithic microwave integrated circuits, and laterally diffused MOSFET power transistors for telecommunications infrastructure, military, and other commercial applications. The company was formerly known as Cree, Inc. and changed its name to Wolfspeed, Inc. in October 2021. Wolfspeed, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.
Future Outlook | Analysts maintain confidence in Wolfspeed's positioning, with Piper Sandler setting a $20 price target, despite near-term market uncertainties |
Technological Leap | Delve into Wolfspeed's transition to 200mm device production at its Mohawk Valley Facility, a crucial step for enhancing manufacturing capabilities |
Navigating Headwinds | Explore Wolfspeed's strategic responses to market challenges, including operational adjustments and capital expenditure reductions to $1.2-1.4 billion |
SiC Market Leade | Wolfspeed Inc. stands at the forefront of silicon carbide technology, specializing in power and RF applications with significant long-term growth potential |
Metrics to compare | WOLF | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipWOLFPeersSector | |
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P/E Ratio | −3.0x | 12.7x | 11.2x | |
PEG Ratio | 0.02 | −0.44 | 0.01 | |
Price / Book | 2.0x | 3.0x | 2.4x | |
Price / LTM Sales | 2.2x | 7.1x | 2.1x | |
Upside (Analyst Target) | 23.6% | 15.5% | 22.1% | |
Fair Value Upside | Unlock | −2.3% | 3.9% | Unlock |