T. Rowe Price (WOLF) reports 6.18M-share position; denies beneficial ownership
T. Rowe Price Associates, Inc. has filed an amended Schedule 13G/A, reporting a beneficial ownership of 6,184,505 shares, or 12.6%, of Wolfspeed common stock as of March 31, 2026. The filing explicitly states that T. Rowe Price denies beneficial ownership of these securities, which is a common legal reservation for institutional filers. This update reflects a significant passive investment rather than an intent to control the company.
MAR 27·Stock Titan▲
Wolfspeed (NYSE: WOLF) refinance slashes interest by $62M and debt by $97M
Wolfspeed, Inc. has completed a strategic refinancing and equity raise, issuing $379 million in 3.5% Convertible 1.5 Lien Senior Secured Notes and approximately $96.9 million in common shares and pre-funded warrants. The gross proceeds were used to redeem about $475.9 million of existing Senior Secured Notes due 2030, leading to an expected annual interest expense reduction of $62 million and a total debt reduction of $97 million. The company maintains around $1.0 billion in cash and short-term investments, and the refinancing signals strong investor confidence in its long-term growth potential and silicon carbide technology leadership.
JAN 13·Investing.com▲
Wolfspeed produces first 300mm silicon carbide wafer
Wolfspeed, Inc. announced the successful production of a single crystal 300mm silicon carbide wafer, marking a major step forward for semiconductor technology. This advancement, despite the company's profitability challenges and $2.9 billion valuation, is expected to increase manufacturing efficiency and support next-generation applications like AI infrastructure and advanced power devices. The company also recently received a significant tax refund and expanded its automotive electrification market presence through an agreement with Toyota.
