Tue May 20 21:10:00 UTC 2025: Okay, here’s a summarized news article based on the provided text:
**Headline: Algert Global Slashes Wolfspeed Stake as Analysts Weigh In on Semiconductor Firm’s Future**
**[City, State] –** Wolfspeed, Inc. (NYSE:WOLF), a silicon carbide and gallium nitride (GaN) semiconductor company, is seeing mixed sentiment from institutional investors and analysts. Algert Global LLC significantly reduced its holdings in Wolfspeed by 66.5% in the fourth quarter, selling 96,532 shares and leaving it with 48,684 shares valued at $324,000.
However, other institutional investors have increased their positions. Jones Financial Companies Lllp boosted its stake by over 1200%, while Steward Partners Investment Advisory LLC, KBC Group NV, and Allworth Financial LP also increased their holdings by significant percentages during the same period. R Squared Ltd acquired a new position in Wolfspeed.
The stock traded up slightly on Friday, reaching $3.88, with higher than average volume. Wolfspeed’s recent earnings report showed a loss of $0.72 per share, beating analyst estimates, but revenue was down 7.6% year-over-year.
Analyst opinions on Wolfspeed are divided. Several firms, including Bank of America, Susquehanna, Canaccord Genuity Group, Piper Sandler, and Citigroup have adjusted their price targets on the stock. Overall, Wolfspeed holds a consensus rating of “Hold” with a consensus price target of $11.15, according to MarketBeat.com.
Adding to the news, CFO Neill Reynolds recently sold 13,909 shares of Wolfspeed stock for approximately $55,497.
Wolfspeed operates in the silicon carbide and GaN technologies market. MarketBeat.com notes that while Wolfspeed has a “Hold” rating, top analysts are recommending other stocks as better buys in the current market.
First Piper 