Insider Buying: Glenda Dorchak Acquires Shares of Wolfspeed Inc (WOLF) – GuruFocus
On November 22, 2024, Glenda Dorchak, who serves as a Director at Wolfspeed Inc (WOLF), made a significant move by acquiring 3,592 shares of the company, bringing her total ownership to 18,688 shares. This transaction was fully disclosed in a filing with the Securities and Exchange Commission.
Wolfspeed Inc is known for its work in the development and manufacture of wide bandgap semiconductors, focusing mainly on silicon carbide and gallium nitride materials. These materials are crucial for power and radio frequency (RF) devices, which play integral roles in industries such as automotive, communications, and energy.
It’s interesting to note that this purchase by Glenda Dorchak is part of a larger trend happening within Wolfspeed Inc. Over the past year, there have been 10 instances of insider buying and 3 instances of insider selling at the company. This pattern suggests a positive outlook among insiders regarding the company’s future.
At the time of Glenda Dorchak’s transaction, Wolfspeed Inc’s shares were trading at $8.33 each, giving the company a market capitalization of $1.247 billion. The stock’s GF Value, an estimate developed by GuruFocus, sits at $72.29. With a price-to-GF-Value ratio of 0.12, the stock is considered a “Possible Value Trap, Think Twice” based on this metric.
The GF Value is determined using various historical metrics like price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. Additionally, it factors in a GuruFocus adjustment component based on the company’s past performance and growth, as well as future projections from Morningstar analysts.
Glenda Dorchak’s recent insider buying, alongside the overall trend of insider activities, offers valuable insights into the sentiment surrounding Wolfspeed Inc. It’s essential to remember that this information is meant to provide general insights and not personalized financial advice. The analysis is based on historical data and analyst forecasts, focusing on delivering long-term, data-driven perspectives. Please note that this analysis may not include the most recent company announcements or qualitative details.
