NASDAQ:CREE - Cree Stock Price, News, & Analysis

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$44.88 -0.13 (-0.29 %)

(As of 12/13/2018 04:00 PM ET)

Previous Close$45.01

Today's Range$44.65 - $45.42

52-Week Range$30.78 - $51.78

Volume708,300 shs

Average Volume1.47 million shs

Market Capitalization$4.61 billion

P/E Ratio-300.53

Dividend YieldN/A

Beta0.51

Cree, Inc. provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The Lighting Products segment offers LED lighting systems and lamps for to distributors, retailers, and customers for offices, retail spaces, restaurants, hospitality, schools, universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:CREE

Previous Symbol

CUSIP22544710

Webwww.cree.com

Phone919-407-5300

Debt

Debt-to-Equity Ratio0.21

Current Ratio4.19

Quick Ratio3.15

Price-To-Earnings

Trailing P/E Ratio-300.53

Forward P/E Ratio136.00

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.49 billion

Price / Sales3.08

Cash Flow$3.8857 per share

Price / Cash Flow11.55

Book Value$20.62 per share

Price / Book2.18

Profitability

EPS (Most Recent Fiscal Year)($0.15)

Net Income$-279,960,000.00

Net Margins-17.60%

Return on Equity-0.10%

Return on Assets-0.08%

Miscellaneous

Employees6,796

Outstanding Shares102,560,000

Market Cap$4.61 billion

OptionableOptionable

Cree (NASDAQ:CREE) Frequently Asked Questions

What is Cree's stock symbol?

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

How were Cree's earnings last quarter?

Cree, Inc. (NASDAQ:CREE) released its earnings results on Tuesday, October, 16th. The LED producer reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.10. The LED producer had revenue of $408.28 million for the quarter, compared to analyst estimates of $407.32 million. Cree had a negative return on equity of 0.10% and a negative net margin of 17.60%. Cree's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 earnings per share. View Cree's Earnings History.

When is Cree's next earnings date?

Cree is scheduled to release their next quarterly earnings announcement on Tuesday, January 22nd 2019. View Earnings Estimates for Cree.

What guidance has Cree issued on next quarter's earnings?

Cree issued an update on its second quarter earnings guidance on Tuesday, October, 16th. The company provided EPS guidance of $0.15-0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.13. The company issued revenue guidance of $398-418 million, compared to the consensus revenue estimate of $419.84 million.Cree also updated its Q2 2019 guidance to $0.15-0.19 EPS.

What price target have analysts set for CREE?

17 Wall Street analysts have issued 12 month target prices for Cree's stock. Their predictions range from $28.00 to $60.00. On average, they anticipate Cree's stock price to reach $47.14 in the next year. This suggests a possible upside of 5.0% from the stock's current price. View Analyst Price Targets for Cree.

What is the consensus analysts' recommendation for Cree?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cree in the last year. There are currently 2 sell ratings, 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cree.

What are Wall Street analysts saying about Cree stock?

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

1. 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. " (10/16/2018)
2. Canaccord Genuity analysts commented, "Under the leadership of CEO Gregg Lowe, Cree is quietly transforming from a company focused on disrupting the lighting industry to one that supplies the necessary “arms” used to disrupt the automotive and lighting industries. While subtle, the change is profound and should allow the specialty semiconductor manufacturer to leverage its core competencies around silicon carbide (SiC) and gallium nitride (GaN), and investors to realize a more attractive return on invested capital. We believe Mr. Lowe is a unique CEO, as he leads by example. We track the progress and transformation occurring inside Cree through Glassdoor, as well as our soon-to- be-released disruption index that calibrates culture within organizations. We view these characteristics as a long game not often played by public company CEOs. When done right, we believe true disruption can occur in a meaningful way." (8/3/2018)

Has Cree been receiving favorable news coverage?

News articles about CREE stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cree earned a news impact score of 2.0 on InfoTrie's scale. They also assigned news articles about the LED producer a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Cree?

Cree saw a decrease in short interest in November. As of November 30th, there was short interest totalling 11,073,472 shares, a decrease of 13.3% from the November 15th total of 12,778,179 shares. Based on an average daily trading volume, of 1,228,468 shares, the days-to-cover ratio is currently 9.0 days. Approximately 10.9% of the company's stock are sold short. View Cree's Current Options Chain.

Who are some of Cree's key competitors?

Some companies that are related to Cree include Kyocera (KYOCY), Microchip Technology (MCHP), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), ASE Technology (ASX), Qorvo (QRVO), ON Semiconductor (ON), IPG Photonics (IPGP), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Mellanox Technologies (MLNX), Cypress Semiconductor (CY) and First Solar (FSLR).

Who are Cree's key executives?

Cree's management team includes the folowing people:

Mr. Gregg A. Lowe, Pres, CEO & Director (Age 55)
Mr. David Todd Emerson, Exec. VP & GM of Cree LEDs (Age 49)
Dr. John W. Palmour, Founder & CTO - Wolfspeed (Age 57)
Mr. Neill P. Reynolds, Chief Financial Officer (Age 43)
Mr. Raiford Garrabrant, Director of Investor Relations

Who are Cree's major shareholders?

Cree's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.17%), Clearbridge Investments LLC (9.83%), Vanguard Group Inc. (9.59%), Vanguard Group Inc (9.59%), Primecap Management Co. CA (8.22%) and Dimensional Fund Advisors LP (5.80%). Company insiders that own Cree stock include David Todd Emerson, John B Replogle and Michael E Mcdevitt. View Institutional Ownership Trends for Cree.

Which major investors are selling Cree stock?

CREE stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Dimensional Fund Advisors LP, Allianz Asset Management GmbH, Clearbridge Investments LLC, Fairpointe Capital LLC, WINTON GROUP Ltd, Columbus Circle Investors and Canada Pension Plan Investment Board. Company insiders that have sold Cree company stock in the last year include David Todd Emerson and Michael E Mcdevitt. View Insider Buying and Selling for Cree.

Which major investors are buying Cree stock?

CREE stock was acquired by a variety of institutional investors in the last quarter, including TIAA CREF Investment Management LLC, BlackRock Inc., FIL Ltd, Vanguard Group Inc, Vanguard Group Inc., Capital Research Global Investors, Iridian Asset Management LLC CT and Teachers Advisors LLC. View Insider Buying and Selling for Cree.

How do I buy shares of Cree?

Shares of CREE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Cree's stock price today?

One share of CREE stock can currently be purchased for approximately $44.88.

How big of a company is Cree?

Cree has a market capitalization of $4.61 billion and generates $1.49 billion in revenue each year. The LED producer earns $-279,960,000.00 in net income (profit) each year or ($0.15) on an earnings per share basis. Cree employs 6,796 workers across the globe.

What is Cree's official website?

The official website for Cree is http://www.cree.com.

How can I contact Cree?

Cree's mailing address is 4600 Silicon Drive, DURHAM NC, 27703. The LED producer can be reached via phone at 919-407-5300 or via email at [email protected]

MarketBeat Community Rating for Cree (NASDAQ CREE)

Community Ranking:		2.5 out of 5 ( )
Outperform Votes:		838 (Vote Outperform)
Underperform Votes:		863 (Vote Underperform)
Total Votes:		1,701

MarketBeat's community ratings are surveys of what our community members think about Cree and other stocks. Vote "Outperform" if you believe CREE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CREE will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 12/13/2018 by MarketBeat.com Staff