Cree Company Profile (NASDAQ:CREE)

About Cree

Cree logoCree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Company's products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Company's Lighting Products segment offers LED lighting systems and bulbs. The Company's LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Company's Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Semiconductor Equipment & Materials
  • Sub-Industry: Semiconductors
  • Exchange: NASDAQ
  • Symbol: CREE
  • CUSIP: 22544710
Key Metrics:
  • Previous Close: $27.67
  • 50 Day Moving Average: $27.36
  • 200 Day Moving Average: $25.55
  • 52-Week Range: $20.75 - $32.92
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 39.72
  • P/E Growth: -4.84
  • Market Cap: $2.70B
  • Outstanding Shares: 98,467,000
  • Beta: 1.29
Profitability:
  • Net Margins: -0.26%
  • Return on Equity: 1.06%
  • Return on Assets: 0.90%
Debt:
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 6.99%
  • Quick Ratio: 5.67%
Additional Links:
Companies Related to Cree:

Analyst Ratings

Consensus Ratings for Cree (NASDAQ:CREE) (?)
Ratings Breakdown: 1 Sell Rating, 13 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.12)
Consensus Price Target: $32.00 (16.75% upside)

Analysts' Ratings History for Cree (NASDAQ:CREE)
Show:
DateFirmActionRatingPrice TargetDetails
2/21/2017J P Morgan Chase & CoReiterated RatingOverweight -> Overweight$30.00View Rating Details
2/17/2017Needham & Company LLCReiterated RatingHoldView Rating Details
2/9/2017Roth CapitalSet Price TargetBuy$34.00View Rating Details
2/9/2017Canaccord GenuityReiterated RatingHold$23.00View Rating Details
2/9/2017JMP SecuritiesDowngradeOutperform -> Market PerformView Rating Details
1/25/2017Williams CapitalBoost Price TargetHold$23.00 -> $24.00View Rating Details
12/27/2016Goldman Sachs Group, Inc. (The)Set Price TargetSell$17.00View Rating Details
10/23/2016Oppenheimer Holdings, Inc.Reiterated RatingMarket PerformView Rating Details
10/21/2016Deutsche Bank AGReiterated RatingHold$26.00 -> $22.00View Rating Details
10/19/2016StephensDowngradeOverweight -> Equal WeightView Rating Details
8/17/2016Northland SecuritiesDowngradeOutperform -> Market PerformView Rating Details
7/17/2016Cowen and CompanyReiterated RatingHoldView Rating Details
5/13/2016Pacific CrestInitiated CoverageFair Value -> Sector Perform$24.00 -> $23.00View Rating Details
4/6/2016Summit ResearchReiterated RatingHold$30.00 -> $25.00View Rating Details
4/6/2016Bank of America CorpReiterated RatingHoldView Rating Details
3/28/2016WedbushLower Price TargetOutperform$77.00 -> $73.00View Rating Details
3/28/2016Credit Suisse GroupLower Price TargetNeutral$60.00 -> $50.00View Rating Details
2/22/2016Piper Jaffray CompaniesUpgradeNeutral -> Overweight$27.00 -> $37.00View Rating Details
8/11/2015GabelliReiterated RatingBuyView Rating Details
6/26/2015Raymond James Financial, Inc.Reiterated RatingUnderperformView Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Cree (NASDAQ:CREE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017        
1/24/2017Q217$0.08$0.30$328.54 million$347.00 millionViewN/AView Earnings Details
10/18/2016Q117$0.11$0.15$322.77 million$321.30 millionViewListenView Earnings Details
8/16/2016Q416$0.20$0.19$385.83 million$388.40 millionViewListenView Earnings Details
4/26/2016Q316$0.14$0.17$370.49 million$367.00 millionViewListenView Earnings Details
1/19/2016Q216$0.24$0.30$435.27 million$436.00 millionViewListenView Earnings Details
10/20/2015Q1$0.20$0.21$418.67 million$425.50 millionViewListenView Earnings Details
8/11/2015Q415($0.03)($0.19)$378.92 million$382.20 millionViewListenView Earnings Details
4/21/2015Q315$0.23$0.22$409.50 millionViewN/AView Earnings Details
1/20/2015Q215$0.22$0.33$412.08 million$413.20 millionViewN/AView Earnings Details
10/21/2014Q115$0.36$0.24$432.60 million$427.70 millionViewListenView Earnings Details
8/12/2014Q414$0.41$0.42$444.11 million$436.30 millionViewN/AView Earnings Details
4/22/2014Q314$0.38$0.39$407.28 million$405.20 millionViewN/AView Earnings Details
1/21/2014Q214$0.39$0.46$412.36 million$415.09 millionViewN/AView Earnings Details
10/22/2013Q114$0.39$0.39$392.31 million$391.00 millionViewN/AView Earnings Details
8/13/2013Q4 2013$0.38$0.38$377.21 million$375.00 millionViewN/AView Earnings Details
4/23/2013Q3 2013$0.34$0.34$341.96 million$348.93 millionViewN/AView Earnings Details
1/22/2013Q2 2013$0.30$0.32$331.06 million$346.30 millionViewN/AView Earnings Details
10/16/2012$0.26$0.27ViewN/AView Earnings Details
8/7/2012$0.23$0.25ViewN/AView Earnings Details
4/17/2012$0.21$0.20ViewN/AView Earnings Details
1/17/2012$0.26$0.25ViewN/AView Earnings Details
10/18/2011$0.25$0.25ViewN/AView Earnings Details
8/9/2011$0.27$0.28ViewN/AView Earnings Details
4/19/2011$0.29$0.27ViewN/AView Earnings Details
1/18/2011$0.58$0.55ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Cree (NASDAQ:CREE)
Current Year EPS Consensus Estimate: $0.58 EPS
Next Year EPS Consensus Estimate: $0.69 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.04$0.04$0.04
Q2 20161$0.11$0.11$0.11
Q4 20161$0.07$0.07$0.07
Q1 20172($0.02)$0.08$0.03
Q2 20171$0.02$0.02$0.02
Q3 20171$0.03$0.03$0.03
Q4 20172$0.08$0.10$0.09
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Cree (NASDAQ:CREE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Cree (NASDAQ:CREE)
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 84.38%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/24/2016Darren R JacksonDirectorBuy10,000$22.85$228,500.00View SEC Filing  
10/21/2016Michael E McdevittInsiderBuy5,000$22.20$111,000.00View SEC Filing  
10/20/2016Charles M SwobodaChairmanBuy10,000$22.22$222,200.00View SEC Filing  
10/20/2016John B ReplogleDirectorBuy5,000$22.34$111,700.00View SEC Filing  
8/18/2016John B ReplogleDirectorBuy5,000$23.33$116,650.00View SEC Filing  
2/16/2016Anne Clem WhitakerDirectorSell623$30.00$18,690.00View SEC Filing  
12/1/2015Robert Alexander IngramDirectorSell3,750$27.67$103,762.50View SEC Filing  
11/17/2015John B ReplogleDirectorBuy5,000$23.30$116,500.00View SEC Filing  
9/3/2015Anne Clem WhitakerDirectorSell1,994$26.74$53,319.56View SEC Filing  
6/5/2015Norbert HillerEVPBuy5,000$30.14$150,700.00View SEC Filing  
6/2/2015John B ReplogleDirectorBuy1,166$30.41$35,458.06View SEC Filing  
5/26/2015Charles M SwobodaCEOBuy10,000$29.32$293,200.00View SEC Filing  
10/23/2014John B ReplogleDirectorBuy5,000$27.75$138,750.00View SEC Filing  
9/4/2014Clyde HoseinDirectorSell5,000$44.73$223,650.00View SEC Filing  
5/12/2014John ReplogleDirectorBuy1,250$46.29$57,862.50View SEC Filing  
4/24/2014Alan RuudDirectorSell25,000$50.05$1,251,250.00View SEC Filing  
1/23/2014Alan RuudDirectorSell32,500$63.76$2,072,200.00View SEC Filing  
11/21/2013Alan RuudDirectorSell25,000$54.95$1,373,750.00View SEC Filing  
10/24/2013Alan J RuudDirectorSell32,500$61.67$2,004,275.00View SEC Filing  
10/24/2013Charles M SwobodaCEOSell40,000$61.67$2,466,800.00View SEC Filing  
10/24/2013Norbert HillerEVPSell6,667$61.67$411,153.89View SEC Filing  
6/7/2013Clyde HoseinDirectorSell5,000$62.87$314,350.00View SEC Filing  
5/28/2013Harvey A WagnerDirectorSell5,000$61.25$306,250.00View SEC Filing  
5/22/2013Tyrone D Mitchell JrEVPSell27,500$61.90$1,702,250.00View SEC Filing  
8/9/2012Harvey A WagnerDirectorSell5,000$27.11$135,550.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Cree (NASDAQ:CREE)
DateHeadline
News IconAre Analysts Optimistic About Where Cree, Inc. (NASDAQ:CREE) is Heading? - Winfield Review (NASDAQ:CREE)
winfieldreview.com - February 24 at 4:53 PM
bizjournals.com logoThese are the East Bay's top 10 private high schools (NASDAQ:CREE)
feeds.bizjournals.com - February 24 at 3:57 PM
News IconCree LED Lighting and Cree SmartCast Technology Selected to Modernize Lighting Across McLaren Hospital Network (NASDAQ:CREE)
www.azooptics.com - February 23 at 4:27 PM
News IconWhat are Analyst's Indicators for Cree, Inc. (CREE), Finisar Corporation (FNSR) - The USA Commerce (NASDAQ:CREE)
theusacommerce.com - February 23 at 4:27 PM
capitalcube.com logoCree, Inc. breached its 50 day moving average in a Bullish Manner : CREE-US : February 23, 2017 (NASDAQ:CREE)
us.rd.yahoo.com - February 23 at 4:27 PM
News IconForward Earnings Estimate of Cree, Inc.(CREE) - Highland Mirror (NASDAQ:CREE)
www.highlandmirror.com - February 23 at 4:27 PM
finance.yahoo.com logoWolfspeed Expands Industry-Leading, Third-Generation MOSFET Platform to 1200V (NASDAQ:CREE)
finance.yahoo.com - February 23 at 4:27 PM
finance.yahoo.com logoWolfspeed Expands Industry-Leading, Third-Generation MOSFET Platform to 1200V (NASDAQ:CREE)
finance.yahoo.com - February 23 at 4:27 PM
reuters.com logoBRIEF-Cree Inc says will be reintegrating Wolfspeed business into Cree (NASDAQ:CREE)
www.reuters.com - February 23 at 2:54 AM
bizjournals.com logoDays after Infineon deal dies, top Wolfspeed exec out at Cree (NASDAQ:CREE)
www.bizjournals.com - February 23 at 2:54 AM
nasdaq.com logoNoteworthy Wednesday Option Activity: CREE, Q, FDX (NASDAQ:CREE)
www.nasdaq.com - February 22 at 4:43 PM
biz.yahoo.com logoCREE INC Files SEC form 8-K, Change in Directors or Principal Officers (NASDAQ:CREE)
biz.yahoo.com - February 22 at 4:43 PM
News IconEye Catching Active Stocks: Cree, Inc. (NASDAQ:CREE ... - Street Wise Report (blog) (NASDAQ:CREE)
streetwisereport.com - February 22 at 10:05 AM
News IconEPS Target Of Cree, Inc. (NASDAQ:CREE)Set At $0.03 - Transcript Daily (NASDAQ:CREE)
transcriptdaily.com - February 22 at 10:05 AM
News IconWhy to Keeping Eye on Kansas City Southern (KSU), Cree, Inc. (CREE)? - StockNewsJournal (NASDAQ:CREE)
stocknewsjournal.com - February 22 at 10:05 AM
News IconCree XLamp MT-G2 LED PAR38 Reference Design (NASDAQ:CREE)
docplayer.net - February 22 at 10:05 AM
marketexclusive.com logoAnalyst Activity – J P Morgan Chase & Co Reiterates Overweight on Cree (NASDAQ:CREE) (NASDAQ:CREE)
marketexclusive.com - February 22 at 10:05 AM
zacks.com logoCree's LED Gains Traction, Wolfspeed Deal Shelved by CFIUS (NASDAQ:CREE)
www.zacks.com - February 22 at 10:05 AM
finance.yahoo.com logoMcLaren Health Care Selects Cree LED Lighting to Deliver Intelligent Light Across Its Statewide Hospital Network (NASDAQ:CREE)
finance.yahoo.com - February 21 at 4:54 PM
News IconCree and Infineon calls off Wolfspeed deal (NASDAQ:CREE)
evertiq.com - February 20 at 11:43 AM
News IconEPS Of Cree, Inc. (NASDAQ:CREE) At $0.09 - Stock Observer (NASDAQ:CREE)
www.thestockobserver.com - February 19 at 4:09 PM
News IconEPS Forecast Of Cree, Inc. (NASDAQ:CREE) Set At $0.03 - Transcript Daily (NASDAQ:CREE)
transcriptdaily.com - February 18 at 10:47 AM
businesswire.com logoCree Announces Termination of Wolfspeed and Infineon Sale Transaction - Business Wire (press release) (NASDAQ:CREE)
www.businesswire.com - February 18 at 10:47 AM
bizjournals.com logoAnalyst: Federal contracts likely stymied Cree, Infineon's Wolfspeed deal (NASDAQ:CREE)
www.bizjournals.com - February 17 at 5:42 PM
4-traders.com logoCREE INC : Other Events, Financial Statements and Exhibits (form 8-K) (NASDAQ:CREE)
www.4-traders.com - February 16 at 9:38 PM
4-traders.com logoCREE INC : Other Events, Financial Statements and Exhibits (form 8-K) (NASDAQ:CREE)
www.4-traders.com - February 16 at 9:38 PM
rttnews.com logoCree Announces Termination Of Wolfspeed Sale; Wolfspeed To Be Reintegrated (NASDAQ:CREE)
www.rttnews.com - February 16 at 9:38 PM
rttnews.com logoCree Announces Termination Of Wolfspeed Sale; Wolfspeed To Be Reintegrated (NASDAQ:CREE)
www.rttnews.com - February 16 at 9:38 PM
rttnews.com logoCree Announces Termination Of Wolfspeed Sale; Wolfspeed To Be Reintegrated (NASDAQ:CREE)
www.rttnews.com - February 16 at 9:38 PM
streetinsider.com logoCree (CREE) Announces Termination of Agreement to Sell Wolfspeed (NASDAQ:CREE)
www.streetinsider.com - February 16 at 9:38 PM
News IconCree ends Wolfspeed deal with Infineon over US security concerns (NASDAQ:CREE)
www.channelnewsasia.com - February 16 at 9:38 PM
News IconCree terminates deal to sell Wolfspeed (NASDAQ:CREE)
www.heraldsun.com - February 16 at 9:38 PM
wsj.com logoCree and Infineon Call Off Wolfspeed Deal (NASDAQ:CREE)
www.wsj.com - February 16 at 9:38 PM
sg.finance.yahoo.com logoCree ends Wolfspeed deal with Infineon over U.S. security concerns (NASDAQ:CREE)
sg.finance.yahoo.com - February 16 at 9:38 PM
wsj.com logo[$$] Cree and Infineon Call Off Wolfspeed Deal (NASDAQ:CREE)
www.wsj.com - February 16 at 9:38 PM
4-traders.com logoCree : Announces Termination of Wolfspeed and Infineon Sale Transaction (NASDAQ:CREE)
www.4-traders.com - February 16 at 4:36 PM
finance.yahoo.com logoCree Announces Termination of Wolfspeed and Infineon Sale Transaction (NASDAQ:CREE)
finance.yahoo.com - February 16 at 4:35 PM
News IconTech Brief: Republican Lawmakers Aiming to Overturn FCC’s Broadband Privacy Rules (NASDAQ:CREE)
morningconsult.com - February 16 at 12:08 PM
realistinvestor.com logoCree, Inc. (NASDAQ:CREE) EPS Projection At $0.03 - RealistInvestor.com (NASDAQ:CREE)
www.realistinvestor.com - February 14 at 10:22 PM
News IconShares in Review: Cree, Inc. (NASDAQ:CREE) - Midway Monitor (NASDAQ:CREE)
midwaymonitor.com - February 14 at 10:22 PM
News IconCree Inc Valuation – Initial Coverage $CREE (NASDAQ:CREE)
www.moderngraham.com - February 14 at 5:19 PM
bizjournals.com logoWalnut Creek will get brick-and-mortar Amazon store (NASDAQ:CREE)
feeds.bizjournals.com - February 14 at 10:46 AM
News IconClean Tech in Court: Green Patent Complaint Update (NASDAQ:CREE)
www.patexia.com - February 14 at 3:13 AM
News IconPROVINCE ANNOUNCES NEW TRAINING OPPORTUNITIES FOR NORTHERN INDIGENOUS COMMUNITIES (NASDAQ:CREE)
www.pressreleasepoint.com - February 13 at 10:11 PM
News IconStock Update on Earnings & Estimates for Cree, Inc. (NASDAQ:CREE) - Aiken Advocate (NASDAQ:CREE)
aikenadvocate.com - February 13 at 10:11 PM
News IconCree, Inc. (NASDAQ:CREE) Long-Term Growth Estimate At $12.24 - Transcript Daily (NASDAQ:CREE)
transcriptdaily.com - February 13 at 5:10 PM
News IconUnivar Inc. (UNVR), Cree, Inc. (CREE) Stock Eyes Ahead of Earnings - The USA Commerce (NASDAQ:CREE)
theusacommerce.com - February 13 at 5:10 PM
News IconOsram gets US government approval for lamps unit sale to Chi (NASDAQ:CREE)
www.shzxgov.com - February 12 at 9:31 PM
News IconInfineon says US could block planned acquisition of Wolfspeed (NASDAQ:CREE)
www.electricvehiclesresearch.com - February 12 at 9:31 PM
wsj.com logoCFIUS Concerns Stall German Chip Maker’s Deal With Cree (NASDAQ:CREE)
www.wsj.com - February 12 at 2:36 AM

Social

What is Cree's stock symbol?

Cree trades on the NASDAQ under the ticker symbol "CREE."

Where is Cree's stock going? Where will Cree's stock price be in 2017?

17 brokerages have issued 12-month target prices for Cree's shares. Their forecasts range from $17.00 to $73.00. On average, they expect Cree's stock price to reach $32.00 in the next year.

When will Cree announce their earnings?

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.

What are analysts saying about Cree stock?

Here are some recent quotes from research analysts about Cree stock:

  • Needham & Company LLC analysts commented, "We are actually incrementally more positive on CREE after termination of the Wolfspeed divestiture to Infineon [Not Rated] due to regulatory concerns. While management's strategy is to transform Cree from a device manufacturer to becoming a lighting company, we have been concerned about the unintended consequence of the deal. Since selling Wolfspeed would offload a large profit contributor, we believe CREE could be hastened to quickly redeploy that capital in acquisitions, ultimately leading to buying a "wrong" asset. We like the decision to keep Wolfspeed especially as it appears the business is entering a new growth phase and contributing solid profits to the overall company. With the model in flux and the loss of a cash for downside support for the stock, we maintain our Hold." (2/17/2017)
  • According to Zacks Investment Research, "Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies. " (1/30/2017)

  • Canaccord Genuity analysts commented, "Cree's pivot towards being an LED lighting pure-play will take time, as the core commercial lighting business stays more muted and (recent) encouraging signs in LED component pricing (and potential micro LED capacity absorption in the industry) are too early to suggest a sustainable trend toward margin expansion, in our view. Pivots take time, and the Street should be looking toward ~F2018 as a time frame to measure related progress, in our view." (1/19/2017)

Who owns Cree stock?

Cree's stock is owned by a number of of institutional and retail investors. Top institutional investors include FMR LLC (10.85%), Dimensional Fund Advisors LP (5.93%), State Street Corp (2.93%), FIL Ltd (0.89%), Royce & Associates LP (0.70%) and Frontier Capital Management Co. LLC (0.68%). Company insiders that own Cree stock include Anne Clem Whitaker, Charles M Swoboda, Darren R Jackson, John B Replogle, Michael E Mcdevitt, Norbert Hiller and Robert Alexander Ingram.

Who sold Cree stock? Who is selling Cree stock?

Cree's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Oxford Asset Management, Baird Financial Group Inc., State Street Corp, Van ECK Associates Corp, Frontier Capital Management Co. LLC, Girard Securities Inc. and Raymond James Financial Services Advisors Inc..

Who bought Cree stock? Who is buying Cree stock?

Cree's stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Two Sigma Investments LP, FIL Ltd, Royce & Associates LP, Fiera Capital Corp, Guggenheim Capital LLC, Pacad Investment Ltd. and Menta Capital LLC. Company insiders that have bought Cree stock in the last two years include Charles M Swoboda, Darren R Jackson, John B Replogle, Michael E Mcdevitt and Norbert Hiller.

How do I buy Cree stock?

Shares of Cree can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Cree stock cost?

One share of Cree stock can currently be purchased for approximately $27.41.

Cree (NASDAQ:CREE) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Cree (NASDAQ:CREE)

Earnings History Chart

Earnings by Quarter for Cree (NASDAQ:CREE)

Dividend History Chart

Dividend Payments by Quarter for Cree (NASDAQ:CREE)

Last Updated on 2/25/2017 by MarketBeat.com Staff