Cree Inc Com (NASDAQ:CREE) Shareholder Canada Pension Plan Investment Board Trimmed Position as Price Rose

May 16, 2018 - By Elizabeth Bryant

Cree, Inc. (NASDAQ:CREE) Corporate LogoBig Money Sentiment decreased to 1.1 in Q4 2017. 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 bought holdings and 59 increased holdings. Investors holded 96.34 million in 2017Q3 but now own 99.93 million shares or 3.73% more. Parkside Bank & Trust has 128 shs. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma owns 630 shs. Proshare Ltd holds 0.01% of its capital in Cree, Inc. (NASDAQ:CREE) for 33,917 shs. Legal General Gru Public Limited Co reported 147,775 shs. Teachers Retirement Of The State Of Kentucky owns 18,550 shs. Rhumbline Advisers, Massachusetts-based fund reported 204,484 shs. Envestnet Asset Mgmt holds 0% or 25,658 shs. Hanseatic Management Services stated it has 0.31% in Cree, Inc. (NASDAQ:CREE). Jpmorgan Chase & Company holds 0% or 73,414 shs in its capital. Vanguard Grp Inc Inc holds 8.51M shs or 0.01% of its capital. Schwab Charles Investment Mngmt owns 758,095 shs for 0.02% of their capital. Kbc Group Nv reported 15,680 shs. Tower Cap Ltd Liability (Trc) invested in 0% or 378 shs. Sei holds 0.01% of its capital in Cree, Inc. (NASDAQ:CREE) for 108,261 shs. Amundi Pioneer Asset, Massachusetts-based fund reported 11,434 shs.

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

Canada Pension Plan Investment Board’s holdings in Cree Inc Com (NASDAQ:CREE) is reduced by 36.61% based on its latest 2018Q1 regulatory filing with the SEC. 270,800 shares were sold by Canada Pension Plan Investment Board as the company’s stock rose 7.37% while stock markets declined. The technology company at the end of 2018Q1 was valued at $18.90 million. 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 MC. The stock increased 0.48% or $0.21 during the last trading session, hitting $43.9.Currently Cree, Inc. is uptrending after 47.95% change in last May 17, 2017. CREE has 1.15 million shares volume. CREE outperformed the S&P 500 by 36.40%.

About $59.34 billion US Long portfolio Canada Pension Plan Investment Board operates. It upped its stake in Union Pac Corp Com (NYSE:UNP) by 117,316 shares to 3.65M shares, valued at $490.73M in 2018Q1, according to the filing. Canada Pension Plan Investment Board has risen its stake in Kar Auction Svcs Inc Com (NYSE:KAR) and also increased its holding in Ishares Tr Msci India Etf (INDA) by 578,198 shares in the quarter, for a total of 729,100 shares.

Cree, Inc. (NASDAQ:CREE) Ratings Coverage

In total 11 analysts cover Cree (NASDAQ:CREE). “Buy” rating has 2, “Sell” are 1, while 8 are “Hold”. 18% are bullish. 16 are the (NASDAQ:CREE)’s analyst reports since December 12, 2017 according to StockzIntelligence Inc. On Wednesday, March 7 Goldman Sachs upgraded the shares of CREE in report to “Neutral” rating. On Tuesday, April 24 the rating was maintained by Piper Jaffray with “Hold”. On Tuesday, April 24 the firm has “Buy” rating by Oppenheimer given. The company rating was maintained by Cowen & Co on Tuesday, March 6. On Wednesday, January 24 Canaccord Genuity maintained the shares of CREE in report with “Hold” rating. On Tuesday, January 23 the company was downgraded by Roth Capital. In Wednesday, January 24 report Deutsche Bank maintained the stock with “Buy” rating. On Tuesday, February 27 the company was maintained by Williams Capital Group. On Tuesday, December 12 the company was maintained by Deutsche Bank. On Wednesday, January 24 Williams Capital Group upgraded the shares of CREE in report to “Hold” rating.

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 firm is valued at $4.37 billion. 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.Currently it has negative earnings. This segment sells its products to distributors, retailers, and customers.

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

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