Is there a Bearish outlook for Cree, Inc. (NASDAQ:CREE) this week?

June 28, 2018 - By Marie Mckinney

Cree, Inc. (NASDAQ:CREE) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.21, from 1.1 in 2017Q4. It worsened, as 33 investors sold Cree, Inc. shares while 81 reduced holdings. 30 funds opened positions while 71 raised stakes. 101.92 million shares or 1.99% more from 99.93 million shares in 2017Q4 were reported.
Jane Street Ltd Liability has invested 0% in Cree, Inc. (NASDAQ:CREE). Raymond James & Assocs reported 472,733 shares. 7,956 were accumulated by Riverhead Capital Ltd Liability Company. Brandywine Global Inv Ltd Limited Liability Company has invested 0.07% in Cree, Inc. (NASDAQ:CREE). Teachers Retirement Of The State Of Kentucky reported 17,370 shares. Dimensional Fund Advsr Limited Partnership holds 8.16M shares or 0.14% of its portfolio. Gideon Inc stated it has 0.17% in Cree, Inc. (NASDAQ:CREE). 16,530 were reported by Stone Ridge Asset Ltd. Vanguard owns 8.65 million shares for 0.02% of their portfolio. Louisiana State Employees Retirement Sys owns 25,800 shares for 0.05% of their portfolio. Artisan Lp reported 633,608 shares or 0.05% of all its holdings. 689 are held by Vigilant Mngmt Limited Liability Company. Sunbelt Secs holds 0.29% in Cree, Inc. (NASDAQ:CREE) or 8,000 shares. Primecap Mngmt Communication Ca has invested 0.25% in Cree, Inc. (NASDAQ:CREE). Zeke Cap Ltd Liability Company accumulated 6,587 shares or 0.02% of the stock.

Since April 26, 2018, it had 0 insider purchases, and 1 insider sale for $275,541 activity.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 9 analysts covering Cree (NASDAQ:CREE), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Cree had 13 analyst reports since January 23, 2018 according to SRatingsIntel. The stock of Cree, Inc. (NASDAQ:CREE) earned “Hold” rating by Piper Jaffray on Tuesday, April 24. The firm has “Hold” rating by Cowen & Co given on Tuesday, March 6. The rating was maintained by Williams Capital Group on Wednesday, March 7 with “Hold”. Roth Capital downgraded the shares of CREE in report on Tuesday, January 23 to “Hold” rating. The rating was downgraded by Tigress Financial on Tuesday, January 23 to “Hold”. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, March 7 report. Williams Capital Group maintained the stock with “Hold” rating in Tuesday, February 27 report. As per Wednesday, January 24, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Deutsche Bank given on Wednesday, January 24. The rating was maintained by Roth Capital with “Hold” on Wednesday, June 27. Below is a list of Cree, Inc. (NASDAQ:CREE) latest ratings and price target changes.

27/06/2018 Broker: Roth Capital Rating: Hold New Target: $45.0000 Maintain
24/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $45.0000 Maintain
24/04/2018 Broker: Oppenheimer Rating: Buy New Target: $53.0000 Upgrade
06/03/2018 Broker: Cowen & Co Rating: Hold New Target: $37.0 Maintain
07/03/2018 Broker: Williams Capital Group Rating: Hold New Target: $38.0 Maintain
07/03/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
27/02/2018 Broker: Williams Capital Group Rating: Hold New Target: $36.0 Maintain
24/01/2018 Broker: Canaccord Genuity Rating: Hold New Target: $31.0 Maintain
24/01/2018 Broker: Cowen & Co Rating: Hold New Target: $30.0 Maintain
24/01/2018 Broker: Williams Capital Group Rating: Hold New Target: $32.0 Upgrade

The stock decreased 3.63% or $1.6 during the last trading session, reaching $42.43. About 1.79M shares traded or 42.36% up from the average. Cree, Inc. (NASDAQ:CREE) has risen 88.68% since June 28, 2017 and is uptrending. It has outperformed by 76.11% the S&P500.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company has market cap of $4.23 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

Cree, Inc. (NASDAQ:CREE) Institutional Positions Chart

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