How Analysts Rated Cree, Inc. (NASDAQ:CREE) Last Week?

July 17, 2017 - By Adrian Mccoy

 How Analysts Rated Cree, Inc. (NASDAQ:CREE) Last Week?
Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.05, from 0.89 in 2016Q3. It turned negative, as 28 investors sold Cree, Inc. shares while 87 reduced holdings. 35 funds opened positions while 62 raised stakes. 81.79 million shares or 0.87% less from 82.51 million shares in 2016Q3 were reported.
Thompson Siegel Walmsley holds 0% or 74 shares. Employees Retirement Association Of Colorado holds 0% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 18,521 shares. First Quadrant Ltd Partnership Ca holds 2,500 shares. Fiera Capital Corp owns 88,500 shares or 0.01% of their US portfolio. Paloma Prtn Mgmt has 0.02% invested in Cree, Inc. (NASDAQ:CREE) for 60,691 shares. 217 were reported by Hudock Group Inc Lc. 2.94M were reported by Blackrock Institutional Communication Na. Gru reported 192,195 shares. 18,058 are held by Utah Retirement. Reilly Finance Advsrs Lc holds 0% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 300 shares. 13,548 are owned by Neuberger Berman Group Incorporated Limited Com. Deutsche Bancorp Ag holds 0.01% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 245,059 shares. Clearbridge Invs Ltd Liability Co has 0.39% invested in Cree, Inc. (NASDAQ:CREE). 8,733 were reported by M&T National Bank. Princeton Alpha Mngmt Limited Partnership has 21,091 shares.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Among 14 analysts covering Cree Inc. (NASDAQ:CREE), 4 have Buy rating, 1 Sell and 9 Hold. Therefore 29% are positive. Cree Inc. had 25 analyst reports since August 12, 2015 according to SRatingsIntel. The company was initiated on Friday, September 30 by Williams Capital Group. As per Wednesday, January 25, the company rating was maintained by Williams Capital Group. The company was downgraded on Friday, November 6 by Goldman Sachs. The stock of Cree, Inc. (NASDAQ:CREE) earned “Hold” rating by Deutsche Bank on Friday, July 15. On Wednesday, October 19 the stock rating was downgraded by Stephens to “Equal-Weight”. The firm earned “Sell” rating on Wednesday, August 17 by Goldman Sachs. Roth Capital initiated the stock with “Buy” rating in Thursday, August 25 report. The firm has “Market Perform” rating by Northland Capital given on Wednesday, August 17. The firm has “Neutral” rating by JP Morgan given on Friday, February 5. Northland Capital upgraded the stock to “Outperform” rating in Thursday, February 4 report. Below is a list of Cree, Inc. (NASDAQ:CREE) latest ratings and price target changes.

20/06/2017 Broker: Roth Capital Rating: Buy New Target: $29.0000 Maintain
22/05/2017 Broker: JMP Securities Old Rating: Market Perform New Rating: Market Outperform Upgrade
09/02/2017 Broker: JMP Securities Old Rating: Mkt Outperform New Rating: Mkt Perform Downgrade
25/01/2017 Broker: Williams Capital Group Rating: Hold Old Target: $23.00 New Target: $24.00 Maintain

The stock increased 0.15% or $0.04 during the last trading session, reaching $26.17. About 506,671 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 2.53% since July 17, 2016 and is uptrending. It has underperformed by 14.17% the S&P500.

Cree, Inc. is a manufacturer of lighting-class light emitting diode products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The company has market cap of $2.55 billion. 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. It currently has negative earnings. The Firm has three divisions: Lighting Products, LED Products, and Power and RF Products.

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