Traders buy high volume of put options on Wolfspeed (NYSE:WOLF). August 21, 2026 Key points. * Bearish options activity surged: Investors bought 82,482 Wolfspeed put options, about 138% above the average daily volume of 34,695. * Wolfspeed's quarterly revenue fell 24.1% year over year to $149.6 million, while its adjusted loss was $2.26 per share. Although the loss beat estimates and AI data-center revenue grew, analysts remain concerned about negative gross margins and the company's path to profitability. * Analyst sentiment remains cautious, with an average "Hold" rating and a $25 price target; TD Cowen reiterated its Hold rating, while Susquehanna cut its target to $30 and other firms maintained negative views. * Interested in Wolfspeed? Here are five stocks we like better. Wolfspeed, Inc. (NYSE:WOLF - Get Free Report) was the target of unusually large options trading on Friday. Stock investors purchased 82,482 put options on the company. This represents an increase of approximately 138% compared to the average daily volume of 34,695 put options. Here are the key news stories impacting Wolfspeed this week: * Positive Sentiment: AI data-center revenue more than doubled year over year in fiscal 2026 and rose about 20% sequentially in the fourth quarter, highlighting potential demand for Wolfspeed's silicon-carbide products. Wolfspeed Reports Financial Results for the Fourth Quarter of Fiscal 2026 * Positive Sentiment: The company reported an adjusted quarterly loss of $2.26 per share, narrower than the $2.45 consensus estimate, and launched a fifth-generation SiC MOSFET as part of its technology roadmap. Wolfspeed 2026 Q4 Results Earnings Call Presentation * Neutral Sentiment: Wolfspeed expects first-quarter fiscal 2027 revenue of $140 million to $160 million, broadly surrounding the approximately $150.4 million analyst consensus. Wolfspeed Targets Q1 FY2027 Revenue * Negative Sentiment: Quarterly revenue was $149.6 million, essentially matching estimates but declining 24.1% year over year. The loss also widened substantially from $0.77 per share in the prior-year quarter, reinforcing concerns about the company's path to profitability. Wolfspeed Sinks on Wider-Than-Expected Loss * Negative Sentiment: Analysts noted that Wolfspeed continues to post negative gross margins and faces a long road to sustainable profits, overshadowing progress in data centers. Wolfspeed Makes Gains in Data Centers * Negative Sentiment: TD Cowen reaffirmed its "Hold" rating and set a $25 price target, signaling limited upside or potential downside from recent trading levels. Wolfspeed Receives a Hold from TD Cowen Wolfspeed price performance. Shares of Wolfspeed stock traded up $0.14 during trading on Friday, reaching $26.49. 1,722,181 shares of the stock traded hands, compared to its average volume of 4,490,951. Wolfspeed has a 52-week low of $8.05 and a 52-week high of $80.82. The business has a fifty day simple moving average of $35.44 and a two-hundred day simple moving average of $32.77. The company has a market capitalization of $1.38 billion and a price-to-earnings ratio of -1.68. Wolfspeed (NYSE:WOLF - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported ($2.26) EPS for the quarter, topping analysts' consensus estimates of ($2.45) by $0.19. The firm had revenue of $149.60 million during the quarter, compared to analysts' expectations of $150.00 million. During the same quarter in the prior year, the firm posted ($0.77) earnings per share. Wolfspeed's quarterly revenue was down 24.1% on a year-over-year basis. Institutional inflows and outflows. A number of institutional investors and hedge funds have recently modified their holdings of the business. Teza Capital Management LLC bought a new stake in Wolfspeed in the second quarter worth $347,000. Ratan Capital Management LP purchased a new position in shares of Wolfspeed in the 2nd quarter worth $2,467,000. Panview Capital Ltd purchased a new position in shares of Wolfspeed in the 2nd quarter worth $6,952,000. Renesas Electronics America Inc. bought a new stake in shares of Wolfspeed in the 2nd quarter worth about $813,126,949,000. Finally, Atlas Brown Inc. raised its position in shares of Wolfspeed by 29.2% during the 2nd quarter. Atlas Brown Inc. now owns 32,300 shares of the company's stock valued at $1,558,000 after buying an additional 7,300 shares in the last quarter. Wall Street analyst weigh in. Several brokerages have recently commented on WOLF. TD Cowen restated a "hold" rating and issued a $25.00 price objective on shares of Wolfspeed in a research report on Thursday. Wall Street Zen downgraded Wolfspeed from a "sell" rating to a "strong sell" rating in a research note on Saturday, August 1st. Susquehanna lowered their price target on Wolfspeed from $40.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Wolfspeed in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.00. About Wolfspeed. Wolfspeed, Inc NYSE: WOLF is a leading developer and manufacturer of silicon carbide (SiC) and gallium nitride (GaN) semiconductor materials and devices. The company's product portfolio addresses high-growth markets such as electric vehicles, renewable energy, fast-charging infrastructure, aerospace and defense, and telecommunications. By leveraging proprietary materials and device designs, Wolfspeed delivers solutions that offer improved energy efficiency, higher power density and greater thermal performance compared to conventional silicon-based semiconductors. Founded as part of Cree, Inc and spun off to form an independent public company in October 2021, Wolfspeed traces its roots to the mid-1980s when it pioneered the commercial use of wide-bandgap semiconductor technology. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Wolfspeed, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wolfspeed wasn't on the list. While Wolfspeed currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge - and the key risks investors should watch as the global AI buildout accelerates.

Wolfspeed shares plunged 15.2% on Thursday after the silicon carbide power module-maker reported dismal fourth-quarter results. The company posted a loss of $2.26 per share on revenue of $149.6 million, far worse than analyst expectations of a $0.52 loss on $223.6 million in sales. Revenue fell 24% year-over-year, with negative gross profit margins reaching 25%, meaning Wolfspeed lost $1.25 for every dollar in sales before operating costs. The GAAP net loss was even steeper at $2.81 per share. Whilst AI data centre revenue more than doubled for the full fiscal year, management's guidance for the first quarter suggests growth has stalled. Analysts forecast continued revenue declines, extending a multi-year downward trend for the struggling chipmaker.

Deere shares jumped 5.1% in premarket trading after reporting stronger-than-expected fiscal third-quarter results. The agricultural and construction equipment maker posted diluted earnings of $5.10 per share, beating analyst estimates of $4.67 to $4.79. Net sales reached approximately $11 billion, exceeding forecasts of $10.73 billion to $10.81 billion. Advance Auto Parts plunged 15.9% despite beating earnings expectations, as about $0.31 of its reported $1.03 earnings per share came from one-time tariff refunds. Ultragenyx surged 11.1% after receiving FDA accelerated approval for GENGLYCOS, a gene therapy for glycogen storage disease type Ia. This marks the company's first gene therapy authorisation. CrowdStrike fell 2.8% following reports its chief technology officer is departing to launch an AI-focused cybersecurity fund.