Near Its 52-Week Lows, 1 Top Chip Stock Could Be an Incredible Value [Yahoo! Finance]
Wolfspeed, Inc. (WOLF)
Company Research
Source: Yahoo! Finance
The company -- one of the biggest manufacturers of SiC chips along with STMicroelectronics and Wolfspeed -- is forecasting a tumble in revenue through at least the first half of 2024 because of a slowdown in electric vehicle (EV) sales. Shares are just above their low point of the past year. That said, ON Semiconductor has been on an epic rise for five years (up well over 200%, including the recent drop), and demand for its advanced power and sensor chips is fully expected to pick up pace again before too long. Here's why the stock could be an incredible value right now. A cheap valuation, but just how cheap? Since taking over in late 2020, CEO Hassane El-Khoury and the rest of the top management team have been off-loading old legacy lines of the company's manufacturing business and focusing on higher-end and more profitable chips. That includes SiC chips, key ingredients in the electric motors and battery charging systems for EVs, as well as image sensors used in self-driving
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WOLF
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Wolfspeed, Inc. - WOLFAccesswire
- WOLF Investors Have Opportunity to Lead Wolfspeed, Inc. Securities Fraud Lawsuit – Contact Bronstein…. Today!Accesswire
- Wolfspeed (WOLF) Stock Dipped on Weak Demand [Yahoo! Finance]Yahoo! Finance
- Wolfspeed, Inc. (NYSE: WOLF) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $47.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- WOLF Announcement: Bronstein, Gewirtz and Grossman, LLC Announces Investor Securities Fraud Class Action Lawsuit Filed Against Wolfspeed, Inc. and Chance to Actively ParticipateAccesswire
WOLF
Earnings
- 5/1/24 - Beat
WOLF
Sec Filings
- 5/31/24 - Form SD
- 5/30/24 - Form 4
- 5/30/24 - Form 4
- WOLF's page on the SEC website