Cree (NASDAQ:CREE) : Zacks Investment Research ranks Cree (NASDAQ:CREE) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.6, which indicates as a Hold.
Cree (NASDAQ:CREE) : Average target price received by Cree (NASDAQ:CREE) is $27 with an expected standard deviation of $3.35. The most aggressive target on the stock is $30, whereas the most downbeat target is $23. 6 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
Cree (NASDAQ:CREE): stock turned positive on Tuesday. Though the stock opened at $23.47, the bulls momentum made the stock top out at $23.66 level for the day. The stock recorded a low of $23.14 and closed the trading day at $23.48, in the green by 1.25%. The total traded volume for the day was 705,681. The stock had closed at $23.19 in the previous days trading.
In an insider trading activity,The director of Cree Inc, Whitaker Anne Clem sold 623 shares at $30 on February 16, 2016. The Insider selling transaction had a total value worth of $18,690. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Cree, Inc. is a manufacturer of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The Companys products are focused for applications, such as indoor and outdoor lighting, video displays, transportation, electronic signs and signals, power supplies, inverters and wireless systems. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Companys Lighting Products segment offers LED lighting systems and bulbs. The Companys LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Companys Power and RF Products segment offers power devices and RF devices. The Company designs, manufactures and markets lighting systems for indoor and outdoor applications, with a focus on LED lighting systems for the commercial, industrial and consumer markets.