5 Large-Cap Stocks With Insider Buying

In this article, we will discuss the 5 large-cap stocks with insider buying. If you want to explore similar stocks, you can also take a look at 16 Large-Cap Stocks With Insider Buying.

5. Wolfspeed, Inc. (NYSE:WOLF)

Market Cap as of December 14: $10.25 Billion

Number of Hedge Fund Holders: 39

Wolfspeed, Inc. (NYSE:WOLF) is a leading developer, manufacturer and supplier of GaN (gallium nitride) and SiC (silicon carbide) power semiconductor products and services. At the close of Q3 2022, 39 hedge funds were long Wolfspeed, inc. (NYSE:WOLF) and disclosed positions worth $452.98 million. This is compared to 31 positions in the previous quarter with stakes worth $221.87 million.

On November 21, it was reported that director of Wolfspeed, Inc. (NYSE:WOLF), Le Le, acquired 5,000 shares of the company’s common stock at $90.98 per share. The transaction was valued at $0.45 million. As of December 14, Wolfspeed, Inc. (NYSE:WOLF) is worth $10.25 billion on the open market and is placed among the large-cap stocks with insider buying.

This December, Susquehanna analyst Christopher Rolland took coverage of Wolfspeed, Inc. (NYSE:WOLF) with a Neutral rating and a $90 price target.

Here is what Carillon Tower Advisers had to say about Wolfspeed, Inc. (NYSE:WOLF) in its third-quarter 2022 investor letter:

“Wolfspeed, Inc. (NYSE:WOLF) is a key enabler of the adoption of electric vehicles. The company provides components that help electric vehicles charge faster and helps charging stations deliver more power faster. As a pure-play beneficiary of this trend, the company has seen investors appreciate the sizeable lead it has established and the long-term contracts with vehicle manufacturers that provide significant visibility into revenues over the next few years.”