Last $45.13 USD
Change Today -0.43 / -0.94%
Volume 920.8K
CREE On Other Exchanges
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As of 2:14 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

cree inc (CREE) Snapshot

Open
$45.03
Previous Close
$45.56
Day High
$45.50
Day Low
$45.03
52 Week High
10/22/13 - $75.98
52 Week Low
08/18/14 - $43.66
Market Cap
5.4B
Average Volume 10 Days
1.4M
EPS TTM
$1.02
Shares Outstanding
120.0M
EX-Date
--
P/E TM
44.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for CREE INC (CREE)

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cree inc (CREE) Details

Cree, Inc. develops, manufactures, and sells 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. The company’s LED Products segment provides blue and green LED chips that are used in various applications, including video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications. Its Lighting Products segment offers LED and traditional lighting systems for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting, parking structures, and other applications. This segment sells its products to distributors, retailers, and customers. The company’s Power and RF Products segment provides SiC-based power products, such as Schottky diodes, SiC metal semiconductor field-effect transistors, and SiC power modules that are used in power supplies in computer servers, solar inverters, uninterruptible and industrial power supplies, and other applications; and RF devices, including a range of GaN high electron mobility transistors (HEMTs) and monolithic microwave integrated circuits (MMICs) for military, telecom, and other commercial applications, as well as provides foundry services for GaN HEMTs and MMICs that allow customers to design their own custom RF circuits. Cree, Inc. was founded in 1987 and is headquartered in Durham, North Carolina.

7,130 Employees
Last Reported Date: 08/27/14
Founded in 1987

cree inc (CREE) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $681.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $375.0K
Vice Chairman of Lighting and Director
Total Annual Compensation: $472.1K
Executive Vice President of Lighting
Total Annual Compensation: $353.3K
Vice President of Lighting Operations
Total Annual Compensation: $308.6K
Compensation as of Fiscal Year 2013.

cree inc (CREE) Key Developments

Cree Introduces Industry Breakthrough Replacement for Halogen MR16 Lamps

Cree, Inc. introduced the MR16 Series LED lamp with TrueWhite(R) Technology, that delivers the soft, diffused light of a traditional 50-watt halogen MR16 lamp, and is designed for global compatibility with virtually all existing sockets. With a suggested retail price of USD 25, Cree MR16 TrueWhite LED lamps consume up to 83% less energy and are designed to meet ENERGY STAR(R) qualification to deliver a rapid payback of less than one year. Featuring a design that delivers greater than 580 lumens in conjunction with a proprietary lens, Cree MR16 Series TrueWhite LED lamps eliminate the glare commonly associated with 50-watt halogen MR16 lamps to deliver a soft, diffused light with category-leading Color Rendering Index of 92. Cree MR16 Series TrueWhite LED lamps are dimmable and available in 15-degree spot, 25-degree flood and 40-degree wide flood beam angles in a 1.97-inch ANSI-compliant form factor, allowing them to easily fit into existing tracks for a one-for-one replacement.

Cree, Inc. and Lextar Electronics Corporation Enters in to Supply Agreement

Cree, Inc. and Lextar Electronics Corporation announced that the companies have entered into an agreement whereby the company will make an investment in Lextar and the companies will enter into a supply agreement for sapphire-based LED chips. As part of the agreement, the company will invest approximately $83 million to purchase 83 million Lextar shares at a price of TWD 30 per share. Lextar and the company will also enter into a long-term LED chip supply agreement, as well as a royalty-bearing license agreement for certain Cree LED chip and component intellectual property. Upon closing of the investment, Cree will own approximately 13% of Lextar. The agreement has been approved by the boards of directors of both companies, and is targeted to close in the company’s second quarter of fiscal year 2015, subject to the approval of Lextar's shareholders and the Taiwan Investment Committee, and other customary closing conditions.

Cree, Inc. Enters into Credit Agreement with Wells Fargo Bank

Cree, Inc. entered into a credit agreement and a line of credit note with Wells Fargo Bank. The credit agreement provides for a $150.0 million unsecured revolving line of credit, under which the company may borrow, repay and reborrow loans from time to time prior to its scheduled maturity date of August 12, 2017.

 

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Industry Analysis

CREE

Industry Average

Valuation CREE Industry Range
Price/Earnings 45.1x
Price/Sales 3.4x
Price/Book 1.8x
Price/Cash Flow 35.8x
TEV/Sales 2.6x
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