Insider Buying: Glenda Dorchak Acquires Shares of Wolfspeed Inc (WOLF) – GuruFocus
Recently, on November 22, 2024, Glenda Dorchak, a Director at Wolfspeed Inc (WOLF), made a significant move by purchasing 3,592 shares of the company. This purchase brought Dorchak’s total shares to 18,688. If you’re wondering what Wolfspeed Inc does, well, they specialize in creating wide bandgap semiconductors like silicon carbide and gallium nitride materials. These materials have a range of uses in power and radio frequency (RF) devices, which are crucial for industries like automotive, communications, and energy.
This insider purchase is part of a larger trend happening at Wolfspeed Inc. Over the past year, there have been 10 insider buys and 3 insider sells at the company—a sign that insiders have confidence in the company’s future. On the day Dorchak bought shares, Wolfspeed Inc’s stock was priced at $8.33 each, giving the company a market cap of $1.247 billion. The stock’s GF Value, an estimate by GuruFocus, stands at $72.29, resulting in a price-to-GF-Value ratio of 0.12. This ratio suggests that the stock is considered a “Possible Value Trap, Think Twice” based on its GF Value.
GuruFocus calculates the GF Value using different historical multiples like price-earnings ratio, price-sales ratio, and more. It also considers past company performance and future growth estimates from Morningstar analysts. So, when we see Glenda Dorchak engaging in insider buying, along with other insiders at Wolfspeed Inc, we get a glimpse into the sentiment within the company.
Remember, this article offers general insights based on historical data and analyst projections. It’s not personalized financial advice, nor does it suggest buying or selling stocks. The goal is to provide long-term, data-driven analysis. Just keep in mind that this analysis might not include the latest company updates or other key information.
