Canada Pension Plan Investment Board Lowered Cree Inc Com (NASDAQ:CREE) Position by $10.83 Million; Price Rose

May 16, 2018 - By Margaret Guttierez

Cree, Inc. (NASDAQ:CREE) Corporate LogoBig Money Sentiment decreased to 1.1 in 2017 Q4. It has change of 0.04, from 2017Q3’s 1.14. The ratio worsened due to CREE positioning: 28 sold and 75 reduced. 54 funds amassed holdings and 59 increased holdings. Investors holded 96.34 million in 2017Q3 but now own 99.93 million shares or 3.73% more. 3,700 are owned by Amer Research Mngmt Co. Daiwa Secs Grp Inc holds 0% or 1,000 shs. Tiaa Cref Invest Mngmt Ltd Liability Corporation reported 495,229 shs or 0.01% of all its holdings. Pacad Invest accumulated 10,700 shs or 0.09% of the stock. Ameritas Investment Prns holds 0.06% or 37,796 shs. Envestnet Asset invested in 0% or 25,658 shs. First Citizens Bancorp accumulated 0.04% or 7,913 shs. Blackrock accumulated 0.02% or 10.86 million shs. Teacher Retirement System Of Texas has invested 0.01% in Cree, Inc. (NASDAQ:CREE). First Advisors L P reported 0.01% of its capital in Cree, Inc. (NASDAQ:CREE). Capital Investors reported 0.04% of its capital in Cree, Inc. (NASDAQ:CREE). Piermont reported 77,366 shs. Clearbridge Invests Limited Liability Company invested in 11.87 million shs. Chicago Equity Limited Liability Company accumulated 59,128 shs. Connecticut-based Paloma Mgmt has invested 0.02% in Cree, Inc. (NASDAQ:CREE).

CREE had 1 insider sale and 0 insider buys since April 26, 2018. This’s net activity of $275,541.

In Cree Inc Com (NASDAQ:CREE) was reduced the holdings held by Canada Pension Plan Investment Board. The decrease is 36.61% according to 2018Q1 Securities and Exchange filling. The company’s stock rose 7.37% while stock markets declined as Canada Pension Plan Investment Board sold 270,800 shares. At the end of 2018Q1, the 468,833 shares of the technology company held by the institutional investor were valued at $18.90 million, down from 739,633 at the end of the previous reported quarter. Cree Inc Com has $4.37B market cap. Ticker’s shares touched $43.9 during the last trading session after 0.48% change.Cree, Inc. has volume of 1.15 million shares. Since May 17, 2017 CREE has risen 47.95% and is uptrending. CREE outperformed the S&P 500 by 36.40%.

About $59.34B US Long portfolio Canada Pension Plan Investment Board manages. According to a filing the fund upped its stake in Thermo Fisher Scientific Inc Com (NYSE:TMO) by 279,320 shares to 320,530 shares, valued at $66.18M in 2018Q1. Canada Pension Plan Investment Board has risen its stake in Unitedhealth Group Inc Com (NYSE:UNH) and also increased its holding in Huntington Ingalls Inds Inc Com (NYSE:HII) by 363,200 shares in the quarter, for a total of 385,000 shares.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

Total analysts of 11 have positions in Cree (NASDAQ:CREE) as follows: 2 rated it a “Buy”, 1 with “Sell” and 8 with “Hold”. The positive are 18%. Since December 12, 2017 according to StockzIntelligence Inc Cree has 16 analyst reports. On Tuesday, December 19 the stock has “Underperform” rating by Northland Capital. In Tuesday, April 24 report Oppenheimer upgraded the stock to “Buy” rating. On Wednesday, January 24 the rating was maintained by Deutsche Bank with “Buy”. On Wednesday, January 24 Cowen & Co maintained Cree, Inc. (NASDAQ:CREE) with “Hold” rating. On Tuesday, January 23 the rating was downgraded by Roth Capital to “Hold”. In Wednesday, January 24 report Canaccord Genuity maintained it with “Hold” rating and $31.0 target. In Tuesday, April 24 report Piper Jaffray maintained the stock with “Hold” rating. On Wednesday, March 7 Williams Capital Group maintained the shares of CREE in report with “Hold” rating. On Tuesday, March 6 the company was maintained by Cowen & Co. The stock rating was upgraded by Goldman Sachs to “Neutral” on Wednesday, March 7.

Cree, Inc. provides lighting-class light emitting diode , lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally.The company has $4.37 billion market cap. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications.Last it reported negative earnings. This segment sells its products to distributors, retailers, and customers.

Cree, Inc. (NASDAQ:CREE) Institutional Investors Chart

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