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Cree (NASDAQ:CREE) Director Clyde Hosein unloaded 5,000 shares of Cree stock on the open market in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $44.73, for a total value of $223,650.00. Following the transaction, the director now directly owns 29,994 shares of the company’s stock, valued at approximately $1,341,632. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cree (NASDAQ:CREE) traded down 0.36% on Thursday, hitting $44.62. The stock had a trading volume of 1,346,975 shares. Cree has a one year low of $43.66 and a one year high of $75.98. The stock has a 50-day moving average of $47.14 and a 200-day moving average of $51.31. The company has a market cap of $5.321 billion and a P/E ratio of 44.34.

Cree (NASDAQ:CREE) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.01. The company had revenue of $436.30 million for the quarter, compared to the consensus estimate of $444.11 million. During the same quarter last year, the company posted $0.38 earnings per share. On average, analysts predict that Cree will post $1.85 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Cree from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 19th. They now have a $42.90 price target on the stock. Separately, analysts at TheStreet upgraded shares of Cree to a “buy” rating in a research note on Thursday, August 14th. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of Cree in a research note on Wednesday, August 13th. They now have a $42.00 price target on the stock, down previously from $50.00. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Cree has an average rating of “Hold” and an average price target of $58.38.

Cree, Inc (NASDAQ:CREE) develops and manufactures semiconductor materials and devices primarily based on silicon carbide (SiC), gallium nitride (GaN) and related compounds.

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