Wolfspeed Inc. (NYSE:WOLF) traded at a new 52-week high today of $136.27. So far today approximately 517,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Over the past year, Wolfspeed Inc. has traded in a range of $62.70 to $136.27 and is now at $133.98, 114% above that low.
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride (GaN) materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.
There is potential upside of 27.3% for shares of Wolfspeed Inc. based on a current price of $133.98 and an average consensus analyst price target of $170.61.
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