On November 22, 2024, Glenda Dorchak, a Director at Wolfspeed Inc (WOLF, Financial), purchased 3,592 shares of the company. Following this transaction, the insider now owns a total of 18,688 shares. The transaction details can be found in the SEC Filing.
Wolfspeed Inc is a company that specializes in the development and production of wide bandgap semiconductors, primarily focusing on silicon carbide and gallium nitride materials. These materials are used in various applications, including power and radio frequency (RF) devices, which are essential for the automotive, communications, and energy industries.
The insider's recent purchase is part of a broader trend within the company. Over the past year, there have been 10 insider buys and 3 insider sells at Wolfspeed Inc. This indicates a general trend of insider confidence in the company's prospects.
On the day of the purchase, Wolfspeed Inc's shares were trading at $8.33 each, giving the company a market cap of $1.247 billion. The stock's GF Value is estimated at $72.29, resulting in a price-to-GF-Value ratio of 0.12. This suggests that the stock is considered a "Possible Value Trap, Think Twice" based on its GF Value.
The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also incorporates a GuruFocus adjustment factor based on the company's past returns and growth, along with future estimates of business performance from Morningstar analysts.
This insider buying activity by Glenda Dorchak, along with the overall insider trend, provides valuable insights into the sentiment within Wolfspeed Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
