Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Cree, Inc. (NASDAQ:CREE) by 22.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,025 shares of the LED producer’s stock after acquiring an additional 185 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Cree were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in CREE. Oregon Public Employees Retirement Fund increased its position in shares of Cree by 4,177.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,694,874 shares of the LED producer’s stock valued at $40,000 after purchasing an additional 1,655,251 shares during the last quarter. Norges Bank bought a new position in shares of Cree during the 4th quarter valued at approximately $47,772,000. TIAA CREF Investment Management LLC increased its position in shares of Cree by 168.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 1,325,666 shares of the LED producer’s stock valued at $50,203,000 after purchasing an additional 831,439 shares during the last quarter. Vanguard Group Inc increased its position in shares of Cree by 6.9% during the 3rd quarter. Vanguard Group Inc now owns 9,837,558 shares of the LED producer’s stock valued at $372,548,000 after purchasing an additional 632,086 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Cree by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 9,837,558 shares of the LED producer’s stock valued at $372,548,000 after purchasing an additional 632,086 shares during the last quarter.

Shares of CREE stock opened at $63.67 on Thursday. Cree, Inc. has a twelve month low of $33.72 and a twelve month high of $63.76. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of -424.47, a PEG ratio of 8.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.33 and a quick ratio of 3.27.

Cree (NASDAQ:CREE) last issued its earnings results on Wednesday, January 30th. The LED producer reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.06. Cree had a positive return on equity of 0.90% and a negative net margin of 18.11%. The business had revenue of $413.04 million during the quarter, compared to analysts’ expectations of $408.75 million. During the same period in the prior year, the business earned ($0.01) EPS. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, equities analysts forecast that Cree, Inc. will post 0.38 EPS for the current year.

A number of research firms recently issued reports on CREE. JMP Securities cut Cree from an “outperform” rating to a “market perform” rating and set a $49.32 price objective for the company. in a report on Tuesday, January 29th. They noted that the move was a valuation call. Oppenheimer boosted their price objective on Cree from $53.00 to $59.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. BidaskClub cut Cree from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 27th. TheStreet upgraded Cree from a “c” rating to a “b-” rating in a report on Wednesday, January 9th. Finally, Zacks Investment Research cut Cree from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.54.

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Cree Company Profile

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.

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Institutional Ownership by Quarter for Cree (NASDAQ:CREE)

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