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Cree, Inc.
Type
Public
Traded as NASDAQ: CREE
S&P 400 Component
Industry Electronics
Founded 1987
Headquarters Durham, North Carolina, United States
Products Light-emitting diodes
Revenue $1.65 billion
Operating income
USD $124 million (Fiscal Year 2014)
Number of employees
6,387
Website www.cree.com

Cree, Inc. is an American worldwide manufacturer and marketer of lighting-class LEDs, lighting products and products for power and radio frequency (RF) applications.

Cree was founded in July 1987 in Durham, North Carolina. Five of the six founders – Thomas Coleman, John Edmond, Eric Hunter, John Palmour and Calvin Carter – are graduates of North Carolina State University.

In 1983, the founders – one a research assistant professor and the others student researchers – were seeking ways to leverage the properties of silicon carbide to enable semiconductors to operate at higher operating temperatures and power levels. They also knew silicon carbide could serve as the diode in light-emitting diode (LED) lighting, a light source first demonstrated in 1907 with an electrically-charged diode of SiC.

The research team devised a way to grow silicon crystals in the laboratory, and in 1987 founded a company, Cree Research, Inc., to produce SiC and exploit its usage commercially in both semiconductors and lighting. The founders raised money to establish office and laboratory facilities and entered a period of steady technological advancements.

In 1989, the company introduced the world's first blue LED, which enabled the development of large, full-color video screens and billboards.

In 1991, Cree released the world's first commercial silicon carbide wafer.

In 1993, Cree launched an initial public offering.

In 1999, the company name is changed from Cree Research to Cree, Inc.

In 2011 Cree acquired Ruud Lighting, a national firm experienced in the use of LED for outdoor lighting. This expanded Cree sales channels and led to a new generation of lighting-class LED components.

In 2012 Cree announced the XLamp XT-E, which was claimed to deliver twice as much light for the same price as older LEDs.

In 2014, Cree introduced a series of dimmable 40 and 60 watt LED bulbs.

In July 2016, German chip maker Infineon Technologies AG said it agreed to buy Cree's Wolfspeed business unit (RF and power electronics devices) for $850 million in cash. However, the deal was called off in February 2017 after the companies were unable to resolve regulators’ national security concerns.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2021 2021-01-27 Future report Set alerts
Q1 2021 2020-10-28 Future report Set alerts
Q4 2020 2020-08-18 -0.18 -0.36
Q3 2020 2020-04-29 -0.14 -0.57
Q2 2020 2020-01-29 -0.10 -0.49
Q1 2020 2019-10-30 -0.03 -0.35
Q4 2019 2019-08-20 0.11 -0.33
Q3 2019 2019-05-01 0.20 -0.22
Q2 2019 2019-01-30 0.23 0.00
Q1 2019 2018-10-16 0.22 -0.01

Ratings

2016-05-13 Initiated Coverage Pacific Crest Fair Value to Sector Perform $24.00 to $23.00
2016-04-27 Reiterated Rating Canaccord Genuity Hold
2016-04-25 Reiterated Rating Needham & Company LLC Hold
2016-04-19 Reiterated Rating Oppenheimer Hold
2016-04-19 Reiterated Rating Oppenheimer Holdings Inc. Hold
2016-04-07 Reiterated Rating Oppenheimer Market Perform
2016-04-07 Lower Price Target Deutsche Bank Hold $27.00 to $23.00
2016-04-07 Lower Price Target Deutsche Bank AG Hold $27.00 to $23.00
2016-04-06 Lower Price Target Cowen and Company Market Perform $25.00 to $23.00
2016-04-06 Lower Price Target Canaccord Genuity Hold $26.00 to $24.00
2016-04-06 Reiterated Rating Summit Research Hold $30.00 to $25.00
2016-04-06 Reiterated Rating Stephens Buy $40.00
2016-04-06 Reiterated Rating Bank of America Hold
2016-04-06 Reiterated Rating Bank of America Corp. Hold
2016-03-28 Lower Price Target Wedbush Outperform $77.00 to $73.00
2016-03-28 Lower Price Target Credit Suisse Neutral $60.00 to $50.00
2016-03-28 Lower Price Target Credit Suisse Group AG Neutral $60.00 to $50.00
2016-03-07 Reiterated Rating Canaccord Genuity Hold $26.00 to $24.00
2016-02-22 Upgrade Piper Jaffray Neutral to Overweight $27.00 to $37.00
2016-02-22 Upgrade Piper Jaffray Cos. Neutral to Overweight $27.00 to $37.00
2016-02-05 Downgrade JPMorgan Chase & Co. Overweight to Neutral $30.00
2016-02-04 Upgrade Northland Securities Market Perform to Outperform $35.00
2016-01-20 Reiterated Rating Piper Jaffray In-Line $26.00 to $27.00
2016-01-20 Lower Price Target Canaccord Genuity Hold $28.00 to $26.00
2016-01-20 Reiterated Rating Deutsche Bank Hold
2016-01-20 Reiterated Rating Stephens Overweight $40.00
2016-01-04 Reiterated Rating Needham & Company LLC Hold
2015-12-29 Reiterated Rating Needham & Company LLC Hold
2015-11-05 Downgrade Goldman Sachs Neutral to Sell $24.00 to $21.00
2015-11-05 Downgrade Goldman Sachs Group Inc. Neutral to Sell $24.00 to $21.00
2015-10-21 Reiterated Rating Stephens Overweight $45.00
2015-10-21 Reiterated Rating Canaccord Genuity Hold $21.00 to $28.00
2015-10-15 Reiterated Rating Northland Securities Market Perform
2015-08-20 Boost Price Target Northland Securities Market Perform $28.00 to $30.00
2015-08-12 Lower Price Target Canaccord Genuity Hold $28.00 to $21.00
2015-08-11 Reiterated Rating JPMorgan Chase & Co. Overweight $30.00
2015-08-11 Reiterated Rating Gabelli Buy
2015-08-11 Reiterated Rating Piper Jaffray Neutral $28.00
2015-08-11 Reiterated Rating Deutsche Bank Hold $29.00
2015-07-09 Reiterated Rating Canaccord Genuity Hold $28.00
2015-06-28 Reiterated Rating Summit Research Hold
2015-06-26 Reiterated Rating Raymond James Underperform
2015-06-26 Reiterated Rating Needham & Company LLC Hold
2015-06-26 Reiterated Rating Cowen and Company Market Perform $27.50 to $25.00
2015-06-26 Reiterated Rating Raymond James Financial Inc. Underperform
2015-06-25 Reiterated Rating Oppenheimer Hold
2015-06-25 Lower Price Target Canaccord Genuity Hold $31.00 to $28.00
2015-06-05 Reiterated Rating Summit Research Hold $25.00
2015-06-04 Set Price Target Piper Jaffray Hold $35.00
2015-05-21 Upgrade Credit Agricole Sell to Underperform
2015-05-21 Upgrade CLSA Sell to Underperform
2015-05-21 Upgrade Credit Agricole SA Sell to Underperform
2015-05-19 Reiterated Rating Needham & Company LLC Hold
2015-04-26 Reiterated Rating Oppenheimer Market Perform
2015-04-22 Lower Price Target Deutsche Bank Hold $34.00 to $31.00
2015-04-22 Lower Price Target Canaccord Genuity Hold $34.00 to $31.00
2015-04-22 Reiterated Rating Northland Securities Hold $29.00 to $28.00
2015-03-10 Boost Price Target Canaccord Genuity Hold $29.00 to $34.00
2015-01-21 Downgrade Credit Agricole Underperform to Sell
2015-01-21 Upgrade Stephens Equal Weight to Overweight
2014-10-30 Upgrade Bank of America Underperform to Neutral $35.00
2014-10-24 Lower Price Target Northland Securities Market Perform $52.00 to $29.00
2014-10-22 Downgrade DA Davidson Buy to Neutral $44.00 to $31.00
2014-10-22 Lower Price Target Deutsche Bank Hold $40.00 to $34.00
2014-10-22 Reiterated Rating Bank of America Underperform $30.00 to $28.00
2014-10-22 Downgrade Canaccord Genuity Buy to Hold $41.00 to $29.00
2014-10-07 Downgrade ING Group Hold
2014-10-03 Lower Price Target DA Davidson Buy $70.00 to $44.00
2014-10-03 Reiterated Rating Canaccord Genuity Buy to Buy $64.00 to $41.00
2014-10-03 Downgrade Needham Buy to Hold
2014-10-03 Lower Price Target Cann $41.00
2014-10-03 Downgrade Needham & Company LLC Buy to Hold $55.00
2014-10-02 Downgrade Oppenheimer Outperform to Market Perform
2014-09-23 Upgrade Stephens Underweight to Equal Weight $42.00
2014-09-15 Downgrade Barclays Buy to Neutral $48.00
2014-09-15 Downgrade Goldman Sachs Buy to Neutral $60.00 to $48.00
2014-09-15 Downgrade Barclays PLC Buy to Neutral $48.00
2014-09-11 Initiated Coverage Cowen and Company Market Perform $46.00
2014-08-13 Reiterated Northland Capital Market Perform $57 to $52
2014-08-13 Reiterated Rating Susquehanna Neutral $50.00 to $42.00
2014-08-13 Reiterated Rating JPMorgan Chase & Co. Overweight $62.00 to $56.00
2014-08-13 Reiterated Rating Canaccord Genuity Buy $77.00 to $64.00
2014-08-13 Reiterated Rating Deutsche Bank Hold $56.00 to $47.00
2014-08-13 Downgrade Summit Research Buy to Hold
2014-08-13 Lower Price Target Needham & Company LLC Buy $59.00 to $55.00
2014-08-13 Downgrade Credit Agricole Outperform to Underperform
2014-08-13 Lower Price Target Northland Securities Market Perform $57.00 to $52.00
2014-07-23 Reiterated Rating JPMorgan Chase & Co. Overweight $61.00 to $62.00
2014-07-03 Upgrade Oppenheimer Market Perform to Outperform $50.31 to $59.00
2014-06-05 Reiterated Needham Buy $64 to $59
2014-06-05 Lower Price Target Needham & Company LLC Buy $64.00 to $59.00
2014-05-28 Initiated Coverage Stifel Nicolaus Hold to Hold $46.00 to $54.00
2014-05-14 Reiterated Rating JPMorgan Chase & Co. Overweight $72.50 to $61.00
2014-05-08 Upgrade Gabelli & Co Hold to Buy
2014-05-08 Upgrade Gabelli Hold to Buy
2014-04-28 Reiterated Rating Credit Suisse Neutral $50.00
2014-04-23 Reiterated UBS Neutral $66 to $62
2014-04-23 Reiterated Northland Capital Market Perform $59 to $57
2014-04-23 Boost Price Target Canaccord Genuity Buy $74.00 to $77.00
2014-04-23 Reiterated Rating JPMorgan Chase & Co. Overweight $72.50
2014-04-23 Reiterated Rating Deutsche Bank Hold $56.00
2014-04-23 Lower Price Target Sterne Agee CRT Buy $76.00 to $65.00
2014-04-23 Upgrade Summit Research Hold to Buy
2014-04-23 Lower Price Target Northland Securities Market Perform $59.00 to $57.00
2014-04-16 Upgrade Needham Hold to Buy $64
2014-04-16 Upgrade Needham & Company LLC Hold to Buy $64.00
2014-04-10 Upgrade DA Davidson Neutral to Buy $70.00
2014-02-26 Downgrade Piper Jaffray Overweight to Neutral $67.00
2014-01-22 Reiterated Northland Capital Market Perform $63 to $59
2014-01-22 Lower Price Target Canaccord Genuity Buy to Buy $76.00 to $74.00
2014-01-22 Lower Price Target Wedbush Outperform $73.00
2014-01-22 Lower Price Target Northland Securities Market Perform $63.00 to $59.00
2014-01-14 Reiterated Rating Sterne Agee CRT Buy
2014-01-13 Downgrade Stifel Nicolaus Buy to Hold
2013-11-12 Reiterated Rating Lazard Capital Markets Buy $75.00
2013-10-23 Lower Price Target Wedbush Outperform $83.00 to $77.00
2013-10-23 Lower Price Target Piper Jaffray Overweight $71.00 to $70.00
2013-10-23 Lower Price Target Canaccord Genuity Buy $80.00 to $76.00
2013-10-23 Reiterated Rating Goldman Sachs Buy $72.00
2013-10-23 Downgrade Stephens Equal Weight to Underweight $52.00 to $48.00
2013-10-23 Downgrade Needham & Company LLC Buy to Hold
2013-10-17 Reiterated Rating Needham & Company LLC Buy to Buy $80.00
2013-10-16 Boost Price Target Credit Suisse Neutral $60.00 to $66.00
2013-10-14 Reiterated Rating Wedbush Outperform $78.00 to $83.00
2013-10-07 Boost Price Target Needham & Company LLC Buy $74.00 to $80.00
2013-10-01 Reiterated Rating Goldman Sachs Buy
2013-10-01 Upgrade Canaccord Genuity Hold to Buy $65.00 to $80.00
2013-08-14 Reiterated Needham Buy $80 to $74
2013-08-14 Downgrade Northland Capital Outperform to Market Perform $63 to $61
2013-08-14 Downgrade DA Davidson Buy to Neutral $79 to $65
2013-06-10 Reiterated Stifel Buy $59 to $70
2013-04-24 Reiterated Northland Capital Outperform $50 to $63
2013-04-24 Reiterated Needham Buy $60 to $63
2013-03-06 Reiterated UBS Neutral $45 to $51
2013-03-05 Reiterated Needham Buy $42 to $60
2016-05-13 Initiated Coverage Pacific Crest Fair Value to Sector Perform $24.00 to $23.00
2016-04-27 Reiterated Rating Canaccord Genuity Hold
2016-04-25 Reiterated Rating Needham & Company LLC Hold
2016-04-19 Reiterated Rating Oppenheimer Hold
2016-04-19 Reiterated Rating Oppenheimer Holdings Inc. Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
RUUD ALAN J 0.83%  (1014379) CREE /
SWOBODA CHARLES M CHAIRMAN, PRESIDENT AND CEO 0.42%  (511900) CREE /
LOWE GREGG A PRESIDENT, CEO AND DIRECTOR 0.17%  (208854) CREE / FSL / SLAB /
McDevitt Michael E VICE PRESIDENT AND INTERIM CFO 0.13%  (164077) CREE /
Emerson David Todd EVP, GM LED 0.11%  (130860) CREE /
Castillo Daniel J EVP Cree & President-Lighting 0.09%  (113853) CREE /
REPLOGLE JOHN B 0.06%  (73625) CREE /
INGRAM ROBERT ALEXANDER 0.06%  (72302) BCRX / CREE / EW / REGN / VRX /
MITCHELL TYRONE D JR EXECUTIVE VICE PRESIDENT 0.05%  (56123) CREE /
HOSEIN CLYDE 0.04%  (52750) CREE / RNG /
WERNER THOMAS H 0.04%  (49880) CREE / SPWR / SSNI /
KURTZWEIL JOHN T EXECUTIVE VP, CFO, TREASURER 0.04%  (42887) ACLS / CREE / EXTR / MERU /
PLASTINA FRANCO 0.03%  (42638) CREE /
JACKSON DARREN R 0.02%  (30267) AAP / CREE / FAST /
Kelley Stephen Douglas EXECUTIVE VICE PRESIDENT, COO 0.02%  (30153) AMKR / CREE /
TILLMAN ROBERT L 0.02%  (28773) CREE /
WAGNER HARVEY A 0.02%  (28000) CREE / NCFT / SRT /
Whitaker Anne Clem 0.02%  (27087) CREE / SNTA / VRX /
Nye C Howard 0.02%  (26800) CREE / MLM /

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