Analyst Activity – Canaccord Genuity Reiterates Hold on Cree (NASDAQ:CREE)

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Analyst Ratings For Cree (NASDAQ:CREE)

Today, Canaccord Genuity reiterated its Hold rating on Cree (NASDAQ:CREE) with a price target of $23.00.

There are 1 sell rating, 10 hold ratings, 2 buy ratings on the stock.

The current consensus rating on Cree (NASDAQ:CREE) is Hold (Score: 2.08) with a consensus target price of $25.50 per share, a potential 2.78% upside.

Some recent analyst ratings include

  • 4/21/2017-Canaccord Genuity Reiterated Rating of Hold.
  • 3/31/2017-Roth Capital Reiterated Rating of Buy.
  • 2/21/2017-JPMorgan Chase & Co. Reiterated Rating of Overweight .
  • 2/17/2017-Needham & Company LLC Reiterated Rating of Hold.
  • 2/9/2017-JMP Securities was Downgraded by analysts at JMP Securities from a “Outperform ” rating to a ” Market Perform” rating.

Dividend information for Cree (NASDAQ:CREE)

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Recent Insider Trading Activity For Cree (NASDAQ:CREE)
Cree (NASDAQ:CREE) has insider ownership of 1.30% and institutional ownership of 84.38%.

  • On 10/24/2016 Darren R Jackson, Director, bought 10,000 with an average share price of $22.85 per share and the total transaction amounting to $228,500.00. View SEC Filing
  • On 10/21/2016 Michael E Mcdevitt, Insider, bought 5,000 with an average share price of $22.20 per share and the total transaction amounting to $111,000.00. View SEC Filing
  • On 10/20/2016 Charles M Swoboda, Chairman, bought 10,000 with an average share price of $22.22 per share and the total transaction amounting to $222,200.00. View SEC Filing
  • On 10/20/2016 John B Replogle, Director, bought 5,000 with an average share price of $22.34 per share and the total transaction amounting to $111,700.00. View SEC Filing
  • On 8/18/2016 John B Replogle, Director, bought 5,000 with an average share price of $23.33 per share and the total transaction amounting to $116,650.00. View SEC Filing
  • On 2/16/2016 Anne Clem Whitaker, Director, sold 623 with an average share price of $30.00 per share and the total transaction amounting to $18,690.00. View SEC Filing
  • On 12/1/2015 Robert Alexander Ingram, Director, sold 3,750 with an average share price of $27.67 per share and the total transaction amounting to $103,762.50. View SEC Filing

About Cree (NASDAQ:CREE)
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 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. The Company has three segments: Lighting Products, LED Products, and Power and RF Products. The Company’s Lighting Products segment offers LED lighting systems and bulbs. The Company’s LED Products segment offers LED components, LED chips and silicon carbide (SiC) materials. The Company’s 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.

Recent Trading Activity for Cree (NASDAQ:CREE)
Shares of Cree closed the previous trading session at 24.81 up +0.21 0.85% with 518,487 shares trading hands.

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