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Wolfspeed, Inc. CREE

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Price alert · CREE

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79.12 0.00 0.00%

At close

79.09 Day range 81.29

52-week range unavailable

Open
81.29
Prev close
79.12
Mkt cap
9.17B
Vol
1.33M
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
0.00%
More statistics
Low
79.09
High
81.29
Forward P/E
1318.67
Beta
1.44
Short ratio
6.48
Inst. own
111.35%
Dividend
0.00
Ex-div date
Earnings
Oct 27, 2021
50-d avg
84.68
200-d avg
94.14
1y target
100.67

2Y chart

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Key statistics

Market cap
9.17B
Enterprise value
8.87B
Trailing P/E
0.00
Forward P/E
1318.67
PEG ratio
2.94
Price / sales
17.45
Price / book
4.32
EPS (TTM)
-4.67
Beta
1.44
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
-99.68%
Revenue (TTM)
525.60M
Revenue growth
34.50%
Free cash flow
-343.39M
Total cash
1.15B
Total debt
851.10M
Return on equity
-16.23%
Shares outstanding
115.89M
Short % of float
12.05%
50-day average
84.68
200-day average
94.14

Analyst view

Consensus: hold

Hold
Price target (mean) 100.67 +27.2% upside
Target (low)
70.00
Target (mean)
100.67
Target (high)
150.00
Ratings (0m) 13 3 buy · 7 hold · 3 sell
  • Strong buy0
  • Buy3
  • Hold7
  • Sell2
  • Strong sell1

Next earnings

Oct 27, 2021

Expected Oct 27, 2021. Consensus EPS estimate -0.23.

Earnings history

Earnings

CREE recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Oct 27, 2021Sep 1, 2021-0.25———
Aug 17, 2021Jun 1, 2021-0.25———
Apr 28, 2021Mar 1, 2021-0.23———
Jan 27, 2021Dec 1, 2020-0.25———
Oct 28, 2020Sep 1, 2020-0.22———
Aug 18, 2020Jun 1, 2020-0.20———

Upgrades / downgrades

CREE analyst upgrades and downgrades
DateFirmActionFromTo
Oct 6, 2021Morgan Stanleyinit—Equal-Weight
Sep 27, 2021Deutsche Bankmain—Hold
Sep 17, 2021B of A SecuritiesdownNeutralUnderperform
Aug 18, 2021Piper Sandlermain—Neutral
Aug 18, 2021Canaccord Genuitymain—Buy
Aug 18, 2021Wells Fargomain—Equal-Weight

About Wolfspeed, Inc.

Cree, Inc. provides lighting-class light emitting diode (LED) and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, and internationally. It operates in two segments, Wolfspeed and LED Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. It also provides SiC power device products, including SiC Schottky diodes, metal oxide semiconductor field effect transistors (MOSFETs), power modules, and gate driver boards for electric vehicles, including charging infrastructure, server power supplies, solar inverters, uninterruptible power supplies, industrial power supplies, and other applications. In addition, this segment offers gallium nitride (GaN) die, high-electron mobility transistors (HEMTs), monolithic microwave integrated circuits (MMICs), and laterally diffused MOSFET (LDMOS) power transistors for telecommunications infrastructure, military, and other commercial applications; and custom die manufacturing services for GaN HEMTs and MMICs. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. It also offers XLamp LED components and LED modules for lighting applications; and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications. The company was founded in 1987 and is headquartered in Durham, North Carolina.

Sector
Technology
Industry
Semiconductors
Country
United States
Website
cree.com

News

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Insider holders

CREE insider holders
InsiderRelationLatest transactionDateShares held
DORCHAK GLENDA MARYDirectorStock Award(Grant)Aug 31, 20218,591
HODGE JOHN C.DirectorStock Award(Grant)Aug 31, 202115,828
HOSEIN CLYDE RDirectorStock Award(Grant)Aug 31, 202150,598
JACKSON DARREN RChairman of the BoardStock Award(Grant)Aug 31, 202137,707
LE DUY-LOAN TDirectorStock Award(Grant)Aug 31, 202120,540
LOWE GREGG AChief Executive OfficerStock Award(Grant)Aug 31, 2021512,944

Institution ownership

CREE institution ownership
Holder% heldSharesValueReported
Blackrock Inc.14.31%16,582,5731.62BJun 29, 2021
Capital Research Global Investors12.20%14,141,0941.38BJun 29, 2021
Vanguard Group, Inc. (The)9.37%10,861,2981.06BJun 29, 2021
Capital International Investors8.76%10,151,880994.17MJun 29, 2021
JP Morgan Chase & Company6.72%7,784,560762.34MJun 29, 2021
ClearBridge Investments, LLC6.12%7,094,515694.77MJun 29, 2021

Fund ownership

CREE fund ownership
Holder% heldSharesValueReported
Smallcap World Fund4.56%5,287,678517.82MJun 29, 2021
Growth Fund Of America Inc3.78%4,376,928428.63MJun 29, 2021
New World Fund, Inc.3.43%3,976,297389.40MJun 29, 2021
New Economy Fund (The)3.38%3,920,516383.94MJun 29, 2021
Legg Mason Clearbridge Aggressive Growth Fd2.86%3,316,174281.81MAug 30, 2021
Vanguard Total Stock Market Index Fund2.82%3,263,432319.59MJun 29, 2021
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