Cree, Inc. (NASDAQ:CREE) Director Duy Loan T. Le purchased 2,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $60.07 per share, for a total transaction of $120,140.00. Following the purchase, the director now owns 8,442 shares of the company’s stock, valued at approximately $507,110.94. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
CREE traded up $1.48 on Tuesday, hitting $58.89. 1,843,239 shares of the stock were exchanged, compared to its average volume of 1,432,616. Cree, Inc. has a 12 month low of $33.72 and a 12 month high of $69.21. The company has a quick ratio of 3.97, a current ratio of 4.48 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of -391.60, a P/E/G ratio of 7.89 and a beta of 0.69.
Cree (NASDAQ:CREE) last posted its quarterly earnings data on Wednesday, May 1st. The LED producer reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Cree had a negative net margin of 18.25% and a positive return on equity of 1.59%. The business had revenue of $274.00 million during the quarter, compared to analysts’ expectations of $274.73 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Cree’s revenue was up 21.7% compared to the same quarter last year. Sell-side analysts anticipate that Cree, Inc. will post 0.4 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cresset Asset Management LLC bought a new stake in Cree during the first quarter worth about $26,000. Quadrant Capital Group LLC raised its position in Cree by 501.1% in the 1st quarter. Quadrant Capital Group LLC now owns 541 shares of the LED producer’s stock valued at $29,000 after buying an additional 451 shares during the last quarter. James Investment Research Inc. purchased a new stake in Cree in the 1st quarter valued at $33,000. FNY Investment Advisers LLC purchased a new stake in Cree in the 1st quarter valued at $42,000. Finally, Capital Investment Advisory Services LLC purchased a new stake in Cree in the 4th quarter valued at $35,000.
Cree Company Profile
Cree, Inc provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. It operates in three segments: Wolfspeed, LED Products, and Lighting Products.
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