Discussion stirs around Cree, Inc. (NASDAQ:CREE) this week; here is what analysts are saying.

July 17, 2017 - By Richard Conner

 Discussion stirs around Cree, Inc. (NASDAQ:CREE) this week; here is what analysts are saying.
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.
Ngam Ltd Partnership owns 92,177 shares for 0.03% of their portfolio. Profund Advsrs Limited Liability Company owns 33,472 shares. Pnc Ser Incorporated owns 4,758 shares for 0% of their portfolio. Blackrock Inv Mngmt Limited Liability owns 345,757 shares. Vigilant Capital Limited Co owns 689 shares for 0% of their portfolio. Loring Wolcott Coolidge Fiduciary Advisors Llp Ma invested in 1,095 shares or 0% of the stock. Parametrica accumulated 8,620 shares. Savings Bank Of Mellon reported 0.01% in Cree, Inc. (NASDAQ:CREE). Wells Fargo And Mn invested in 0.01% or 804,675 shares. Van Eck Assoc Corp invested in 104,664 shares. Frontier Capital Management Ltd Liability holds 669,226 shares or 0.14% of its portfolio. Alexandria Cap Llc, a Virginia-based fund reported 10 shares. 51,271 are held by Stifel Corp. 2,090 were reported by Nomura Asset Mgmt. Lapides Asset Lc reported 161,700 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 firm has “Market Perform” rating given on Wednesday, August 17 by Northland Capital. The rating was initiated by TH Capital with “Buy” on Thursday, August 25. The stock has “Market Perform” rating by Cowen & Co on Wednesday, April 6. On Wednesday, January 20 the stock rating was maintained by Canaccord Genuity with “Hold”. Deutsche Bank maintained it with “Hold” rating and $26 target in Friday, July 15 report. JMP Securities downgraded Cree, Inc. (NASDAQ:CREE) on Thursday, February 9 to “Mkt Perform” rating. On Friday, September 23 the stock rating was initiated by Canaccord Genuity with “Hold”. The stock of Cree, Inc. (NASDAQ:CREE) earned “Market Outperform” rating by JMP Securities on Monday, May 22. Williams Capital Group maintained Cree, Inc. (NASDAQ:CREE) on Wednesday, January 25 with “Hold” rating. The company was maintained on Wednesday, August 17 by Goldman Sachs. 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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