SCHEDULE 13G/A: PRIMECAP Management Reduces Passive Stake in Wolfspeed, Inc. to 4.28%

PRIMECAP Management Co./CA/ has filed an amended Schedule 13G, reporting a reduced 4.28% passive beneficial ownership stake in Wolfspeed, Inc. as of March 31, 2025.

Summary

• PRIMECAP Management Co./CA/ reported beneficial ownership of 6,665,270 shares of Wolfspeed, Inc. common stock.
• This represents 4.28% of Wolfspeed, Inc.'s outstanding common stock.
• The filing is an Amendment No. 1, indicating a change from a previously reported beneficial ownership position.
• PRIMECAP Management Co./CA/ holds sole voting power over 6,253,950 shares and sole dispositive power over all 6,665,270 shares.
• The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of Wolfspeed, Inc.

Sentiment

Score: 4

Explanation: The reduction in beneficial ownership by a significant institutional investor like PRIMECAP Management Co./CA/ from above 5% to 4.28% suggests a decreased conviction or portfolio rebalancing, which can be viewed as a slightly negative signal for the stock.

Negatives

• PRIMECAP Management Co./CA/ has reduced its beneficial ownership in Wolfspeed, Inc. to 4.28%, indicating a decrease from a previously reported stake that was likely above 5%.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the reduction in stake by a major institutional investor as a negative signal, potentially impacting investor confidence and stock price.

Key Dates

Recommendation

Keywords

Wolfspeed, PRIMECAP Management, SEC filing, Schedule 13G, beneficial ownership, institutional investor, semiconductor, power electronics, silicon carbide