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Wolfspeed Inc - WOLF STOCK NEWS

Welcome to our dedicated news page for Wolfspeed (Ticker: WOLF), a resource for investors and traders seeking the latest updates and insights on Wolfspeed.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wolfspeed's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wolfspeed's position in the market.

News
Wolfspeed Completes Sale of RF Business to MACOM
Rhea-AI Summary
Wolfspeed, Inc. (NYSE: WOLF) completed the sale of its radio frequency business to MACOM Technology Solutions Holdings, Inc. for approximately $75 million in cash and 711,528 shares of MACOM common stock. The sale marks the company's transformation into the only pure-play silicon carbide semiconductor manufacturer in the industry, allowing it to focus on innovation and capacity for its materials and power device businesses. Wolfspeed continues to drive the industry transition to silicon carbide with ongoing capacity expansion, including the final build-out of the Mohawk Valley Fab in New York and construction of the John Palmour Manufacturing Center in North Carolina.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
none
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News
Wolfspeed To Participate in Upcoming Investor Conferences
Rhea-AI Summary
Wolfspeed, Inc. (WOLF) CFO Neill Reynolds to participate in fireside chats at Wells Fargo 7th Annual TMT Summit and UBS Global Technology Conference in November.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.07%
Tags
conferences
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News
Wolfspeed Reports Financial Results for the First Quarter of Fiscal Year 2024
Rhea-AI Summary
Wolfspeed, Inc. (NYSE: WOLF) reported a 4% year-over-year quarterly revenue growth, reaching $197.4 million in the first quarter of fiscal 2024. The Mohawk Valley Fab contributed $4.0 million in revenue. The company achieved record design-wins of over $1 billion and device design-ins of $2.2 billion. GAAP gross margin was 12.5% and non-GAAP gross margin was 15.6%. Wolfspeed expects to meet its 20% utilization goal at the Mohawk Valley Fab in Q4 of fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.08%
Tags
earnings
News
Wolfspeed Appoints Thomas Werner as New Board Chair
Rhea-AI Summary
Wolfspeed announces Thomas Werner as the new Chairman of the Board. Werner brings vast experience in the energy and semiconductor industries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.44%
Tags
management
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News
Wolfspeed, Inc. Announces Date of Fiscal First Quarter Earnings Call for October 30th, 2023
Rhea-AI Summary
Wolfspeed to discuss fiscal Q1 2024 results in conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
earnings
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News
Wolfspeed To Participate in Upcoming Investor Conferences
Rhea-AI Summary
Wolfspeed CEO to participate in investor conferences in September
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.89%
Tags
conferences
News
MACOM Announces Definitive Agreement to Acquire the RF Business of Wolfspeed, Inc.
Rhea-AI Summary
MACOM Technology Solutions Holdings, Inc. is set to acquire the RF Business of Wolfspeed, Inc. for $125 million, including $75 million cash paid at closing and $50 million of MACOM common stock issued with certain restrictions. The acquisition is expected to be immediately accretive to MACOM's non-GAAP earnings. The RF Business generated annualized revenues of approximately $150 million and serves leading aerospace, defense, industrial, and telecommunications customers. The acquisition includes a GaN wafer fabrication facility, design teams, product development assets, and intellectual property portfolio. Approximately 280 employees are expected to join MACOM at closing. The transaction is subject to closing conditions and is expected to occur in the second half of calendar year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.21%
Tags
acquisition
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News
Wolfspeed to Sell RF Business to MACOM for $125 Million
Rhea-AI Summary
Wolfspeed to sell its radio frequency business to MACOM Technology Solutions for $75 million in cash and 711,528 shares of MACOM common stock. Wolfspeed will focus on U.S. capacity expansion for silicon carbide power device and materials businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.21%
Tags
none
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News
Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2023
Rhea-AI Summary
Wolfspeed, Inc. announces annual revenue growth of 24% and full fiscal year design-ins totaling $8.3 billion. Quarterly revenue of $235.8 million, with a net loss of $113.3 million. Full fiscal year revenue of $921.9 million, with a net loss of $329.9 million. The company targets revenue of $220 million to $240 million for the first quarter of fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.06%
Tags
earnings
News
Wolfspeed, Inc. Announces Date of Fiscal Fourth Quarter Earnings Call for August 16, 2023
Rhea-AI Summary
Wolfspeed, Inc. (NYSE: WOLF) to Discuss Q4 and Full Year Fiscal 2023 Results in Conference Call and Webcast
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
earnings
Stock WOLF logo
Wolfspeed Inc

NYSE:WOLF

WOLF Rankings

#1476 Ranked by Market Cap
#4993 Ranked by Stock Gains
N/A Ranked by Dividends

WOLF Stock Data

3.30B
124.74M
0.92%
113.93%
16.13%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Durham

About WOLF

we are wolfspeed. we have spent nearly 30 years as part of cree inc., building the future with market-leading wide bandgap semiconductor products for the transportation, industrial and electronics, energy and communications markets. from young and ambitious roots in north carolina’s research triangle park, we have grown into a world-renowned, commercial supplier of the fastest, most efficient semiconductor components ever available, enabling greater efficiency and performance, smaller systems and lower costs.