They won’t build the microchips in China. That’s because they fear losing their intellectual property (IP) to pirates.
The LED chip stock has quietly emerged as a major outperformer in 2018.
Wall Street was lower by Wednesday’s closing bell, as recent worries about D.C. politics and Treasury spending gave way to earnings results from the recently-ended third quarter. After yet
Cree Inc is a United States-based company which is involved in the manufacturing of wide bandgap semiconductor products for power and radio-frequency (RF) applications, lighting-class light-emitting diode (LED) products, and lighting products. It operates in two reportable segments: Wolfspeed and LED products. The Wolfspeed segment's products consist of silicon carbide and gallium nitride materials, power devices and RF devices based on silicon and wide bandgap semiconductor materials. The LED products segment, which is the key revenue driver, consist of LED chips and LED components. Geographically, the company conducts business in the United States, China, Europe, and other areas.
| Website: | www.cree.com |
| Email: | InvestorRelations@cree.com |
| Main Phone: | +1 919 407-5300 |
| Address: | 4600 Silicon Drive |
| State: | NC |
| City / Town: | Durham |
| Country: | US |
| Postal Code: | 27703 |
| Exchange: | NGS |
| CEO: | Gregg A. Lowe |
| Employees: | 5130 |
| NAICS: | Bare Printed Circuit Board Manufacturing(334412) |
They won’t build the microchips in China. That’s because they fear losing their intellectual property (IP) to pirates.
The LED chip stock has quietly emerged as a major outperformer in 2018.
Wall Street was lower by Wednesday’s closing bell, as recent worries about D.C. politics and Treasury spending gave way to earnings results from the recently-ended third quarter. After yet
Analysts weren’t expecting much from graphics chip maker Nvidia Corp. (NVDA) in the first quarter given the slowdown in the personal computer industry, but the Santa Clara, California-based
Cree, Inc. (CREE) was up as much as 16 percent at one point during Tuesday’s trading with shares trading at $51.70. The gains come as the company announced it will be offering a new 40-watt
Initial Jobless Claims came in at 393,000 in the latest week, well above the 350,000 recessionary threshold. The Dow Jones Industrial Average rebounded to 13,062.56 then dipped to 12,961.92 then
Housing Starts surged 15.0% in September to an annual rate of 872,000 with permits up to 894,000. Single Family starts rose 11.0% to 603,000 to the highest pace since August 2008. The Dow Jones
The Dow Jones Industrial Average declined to 13,027.49 on Wednesday still above its 50-day simple moving average at 13,002. The NASDAQ’s declined to 3023.91 then rebounded to 3045.04 then
Recent economic data points and the Beige Book favored steady economic growth, but this morning’s data counters this positive information. Initial Jobless Claims rose 27,000 last week to 399,000
Existing Home Sales for November had little impact as sales came in below estimates at an annual rate of 4.42 million. Distressed sales are running at 29%. In a separate report US home
| Last Price N/A | Change $ N/A | Change % N/A | Tick N/A |
| Bid N/A | Bid Size N/A | Ask N/A | Ask Size N/A |
| Open N/A | High N/A | Low N/A | Prev Close N/A |
| Last Trade | Volume N/A | 52 Wk Hi N/A | 52 Wk Low N/A |
| Market Cap N/A | Ex-Div Date N/A | Div Rate N/A | Yield N/A |
| Shares N/A | EPS (TTM) N/A | PE Ratio N/A | Exchange N/A |
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| Last 3 Mo | Last 12 Mo | |
|---|---|---|
| Number of Insider Trades | 6 | 31 |
| Number of Buys | 4 | 24 |
| Number of Sells | 2 | 7 |
| Net Activity | -704 | 79564 |
| Last 10 Buys | Shares |
|---|---|
| Darren R. Jackson | 1,000 |
| Michael E. Mcdevitt | 1,000 |
| Charles M. Swoboda | 1,000 |
| John Replogle | 1,000 |
| John Replogle | 1,000 |
| John Replogle | 1,000 |
| Norbert Hiller | 1,000 |
| John Replogle | 1,000 |
| Charles M. Swoboda | 1,000 |
| John Replogle | 1,000 |
| Last 10 Sell | Shares |
|---|---|
| Michael E. Mcdevitt | 1,000 |
| Anne C. Whitaker | 1,000 |
| Robert Alexander Ingram | 1,000 |
| Anne C. Whitaker | 1,000 |
| Anne C. Whitaker | 1,000 |
| Clyde R. Hosein | 1,000 |
| Alan J. Ruud | 1,000 |
| Alan J. Ruud | 1,000 |
| Alan J. Ruud | 1,000 |
| Alan J. Ruud | 1,000 |
| Current | 1 Week Ago | 2 Weeks Ago | 3 Weeks Ago | |
|---|---|---|---|---|
| High Target Price Estimate | 53 | 53 | 53 | 53 |
| Low Target Price Estimate | 28 | 28 | 28 | 28 |
| Mean Target Price Estimate | 37.44 | 37.44 | 37.44 | 37.44 |
| Standard Deviation | 7.86 | 7.86 | 7.86 | 7.86 |
| Date of Most Recent Estimate | 04/26/18 | 04/26/18 | 04/26/18 | 04/26/18 |
| Form Type | Form Description | Pages | Date |
|---|---|---|---|
| 8-K | Report of unscheduled material events or corporate changes. | 39 | 2018-06-07 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| SD | Specialized Disclosure Report | 22 | 2018-05-30 |
| 8-K | Report of unscheduled material events or corporate changes. | 35 | 2018-05-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-04-27 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-04-27 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-04-27 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-04-27 |
| 10-Q | Quarterly report with a continuing view of a company's financial position | 58 | 2018-04-25 |
| 8-K | Report of unscheduled material events or corporate changes. | 16 | 2018-04-24 |
| Current | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
|---|---|---|---|---|
| Strong Buy | 1 | 2 | 1 | 2 |
| Moderate Buy | 0 | 0 | 0 | 0 |
| Hold | 8 | 8 | 9 | 9 |
| Moderate Sell | 0 | 0 | 0 | 0 |
| Strong Sell | 2 | 2 | 2 | 2 |
| Mean Rec. | 3.18 | 3 | 3.17 | 3 |
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