Kentucky Teachers Retirement System Increases Stake in Wolfspeed by 3.7% in 4th Quarter

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Wolfspeed ($NYSE:WOLF) is an American manufacturer of wide-bandgap semiconductor technology and components used in energy, defense and communication applications. The new investment further solidifies Wolfspeed’s position within the market and demonstrates confidence in the firm’s long-term prospects.

Analysis

GoodWhale has analyzed WOLFSPEED and determined that it is a high risk investment based on our Risk Rating. We have detected 3 risk warnings in the income sheet, balance sheet, and cashflow statement. Register with our platform to get detailed insights into these warnings and the financials of WOLFSPEED. With GoodWhale, you can make more informed decisions about your investments and ensure that you are making educated decisions that align with your financial goals. With our platform, you can review WOLFSPEED’s past financials and use that data to make more accurate predictions about its future performance. In addition to the risk warnings, we also provide detailed information on the company’s financial health and performance to help you determine if WOLFSPEED is the right investment for you. With GoodWhale, you can make sure that your investments are safe and secure. Wolfspeed_by_3.7_in_4th_Quarter”>More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Wolfspeed. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Wolfspeed. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Wolfspeed. More…

Key Ratios Snapshot

Some of the financial key ratios for Wolfspeed are shown below. More…

Peers

The company’s products are used in a variety of applications, including cell phones, wireless infrastructure, and military and aerospace. Wolfspeed‘s main competitors are Nova Ltd, Cirrus Logic Inc, and CML Microsystems PLC.

– Nova Ltd ($NASDAQ:NVMI)

Nova Ltd is a large company with a market cap of 2.09B. It has a strong ROE of 25.44%. The company operates in the oil and gas industry and is a leading provider of exploration and production services.

– Cirrus Logic Inc ($NASDAQ:CRUS)

Cirrus Logic, Inc. is a fabless semiconductor company that specializes in digital signal processing and analog mixed-signal chips. It has a market cap of $3.79B and a ROE of 21.86%. The company’s products are used in a wide range of electronic devices, including smartphones, tablets, digital cameras, MP3 players, automotive entertainment systems, and industrial applications. Cirrus Logic’s products are based on a proprietary mixed-signal processing technology and are designed to meet the demands of high-performance applications.

– CML Microsystems PLC ($LSE:CML)

CML Microsystems PLC is a market leader in the design, development and manufacture of high performance analog and mixed-signal semiconductors. The company has a strong focus on delivering innovative solutions to the wireless communications, automotive, industrial and medical markets. CML Microsystems has a long history of profitability and has a strong balance sheet with no debt. The company’s shares are listed on the London Stock Exchange.

Summary

Wolfspeed, Inc., a supplier of wide-bandgap semiconductor products, recently saw an increase in investment from the Teachers Retirement System of The State of Kentucky. For investors, this may be a sign of a potential good return on investment. Wolfspeed’s products are used across a range of industries, including industrial, automotive, and consumer applications, and can provide cost savings and higher efficiency than other semiconductor solutions. With growing investor confidence, Wolfspeed may be an attractive option for those looking to diversify their portfolio or add new stocks to their portfolio.