Cree Inc Com (NASDAQ:CREE) Shareholder Canada Pension Plan Investment Board Trimmed Its Position by $10.83 Million

May 17, 2018 - By Richard Doty

Cree, Inc. (NASDAQ:CREE) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 1.1. That’s change of 0.04, from 2017Q3’s 1.14. 28 investors sold all, 75 reduced holdings as CREE ratio is negative. 59 rose holdings while 54 funds acquired holdings. Funds hold 99.93 million shares thus 3.73% more from 2017Q3’s 96.34 million shares. Sg Americas Secs Limited Liability Company owns 20,267 shs or 0.01% of their US capital. Stevens Capital Mngmt L P invested in 7,265 shs or 0.01% of the stock. New Mexico Educational Retirement Board invested in 0.03% or 24,200 shs. Aqr Cap Limited Liability owns 11,740 shs or 0% of their US capital. Jane Street Group Inc Inc Ltd Llc reported 22,202 shs or 0% of all its holdings. Louisiana State Employees Retirement Systems holds 0.04% or 24,800 shs in its capital. Riverbridge Ltd Co reported 47,608 shs or 0.03% of all its holdings. Schwab Charles Investment Mngmt invested in 0.02% or 758,095 shs. Jpmorgan Chase reported 73,414 shs. Barclays Public Limited accumulated 0.01% or 334,842 shs. Da Davidson holds 26,415 shs or 0.02% of its capital. Amalgamated Bank & Trust holds 14,084 shs or 0.01% of its capital. Ny State Teachers Retirement Systems holds 178,463 shs. Bank & Trust Of America Corp De owns 691,655 shs. Polar Llp holds 0.17% or 434,200 shs in its capital.

CREE registered $275,541 net activity with 0 insider buys and 1 insider sale since April 26, 2018.

The stake In Cree Inc Com (NASDAQ:CREE) held by Canada Pension Plan Investment Board was reduced. According to 2018Q1 SEC form the decrease is 36.61%. By selling 270,800 shares Canada Pension Plan Investment Board made the stock Popped Up with 7.37%. The technology company at the end of 2018Q1 was valued at $18.90M. It’s down from 739,633 at the end of the previous reported quarter. Now it had 468,833 shares held by the institutional investor . $4.37B is Cree Inc Com’s market cap. CREE is hitting $43.9 during the last trading session, after increased 0.48%.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%.

The Canada Pension Plan Investment Board’s stake in Jd Com Inc Spon Adr Cl A (NASDAQ:JD) was rose by 1.53M shares to 6.60M shares valued at $267.32M in 2018Q1, according to the filing. It operates about $59.34 billion US Long portfolio. Canada Pension Plan Investment Board has risen its stake in Applied Matls Inc Com (NASDAQ:AMAT) and also increased its holding in Csra Inc Com () by 364,000 shares in the quarter, for a total of 453,210 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 Wednesday, March 7 the firm has “Hold” rating given by Williams Capital Group. In Tuesday, February 27 report Williams Capital Group maintained the stock with “Hold” rating. In Tuesday, January 23 report Tigress Financial downgraded the stock to “Hold” rating. On Wednesday, January 24 the rating was maintained by Canaccord Genuity with “Hold”. In Tuesday, April 24 report Oppenheimer upgraded the stock to “Buy” rating. On Wednesday, January 24 Deutsche Bank maintained Cree, Inc. (NASDAQ:CREE) rating. Deutsche Bank has “Buy” rating and $45.0 target. On Wednesday, January 24 Cowen & Co maintained the shares of CREE in report with “Hold” rating. On Tuesday, January 23 the rating was downgraded by Roth Capital to “Hold”. On Wednesday, March 7 Goldman Sachs upgraded Cree, Inc. (NASDAQ:CREE) to “Neutral” rating. On Tuesday, April 24 the stock has “Hold” rating by Piper Jaffray.

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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