Intrua Financial LLC Has $61,000 Stock Holdings in Wolfspeed $WOLF

Intrua Financial LLC lessened its position in shares of Wolfspeed (NYSE:WOLF) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,924 shares of the company’s stock after selling 8,542 shares during the quarter. Intrua Financial LLC’s holdings in Wolfspeed were worth $61,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Wolfspeed during the first quarter valued at $28,000. Beacon Capital Management LLC acquired a new position in shares of Wolfspeed during the first quarter valued at $31,000. Wealthfront Advisers LLC acquired a new position in Wolfspeed in the first quarter valued at about $32,000. MAI Capital Management lifted its stake in Wolfspeed by 894.9% in the first quarter. MAI Capital Management now owns 10,815 shares of the company’s stock valued at $33,000 after buying an additional 9,728 shares during the period. Finally, Twin Tree Management LP acquired a new position in Wolfspeed in the first quarter valued at about $42,000.

Wolfspeed Trading Up 23.9%

NYSE:WOLF opened at $2.33 on Friday. Wolfspeed has a 1-year low of $0.39 and a 1-year high of $17.45. The business’s 50-day moving average price is $1.51 and its two-hundred day moving average price is $2.48. The company has a current ratio of 0.36, a quick ratio of 0.30 and a debt-to-equity ratio of 30.65. The firm has a market capitalization of $364.58 million, a price-to-earnings ratio of -0.21 and a beta of 1.29.

About Wolfspeed

Wolfspeed, Inc operates as a powerhouse semiconductor company focuses on silicon carbide and gallium nitride (GaN) technologies in Europe, Hong Kong, China, rest of Asia-Pacific, the United States, and internationally. It offers silicon carbide and GaN materials, including silicon carbide bare wafers, epitaxial wafers, and GaN epitaxial layers on silicon carbide wafers to manufacture products for RF, power, and other applications.