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Cree, Inc. (0I4Q.L)

LSE - LSE Delayed price. Currency in USD
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82.84-2.51 (-2.94%)
At close: 5:24PM BST
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  • s
    skibum632
    Attached is a very interesting article concerning the production of SiC devices (for EV) in Japan. Of course they all buy their SiC wafers from CREE. the article forecasts a quadruple sales increase in SiC devices by 2026

    https://asia.nikkei.com/Business/Tech/Semiconductors/Led-by-Tesla-EVs-drive-chip-industry-s-shift-beyond-silicon
    Model 3's use of new material spurs competition for energy-efficient alternative
    Model 3's use of new material spurs competition for energy-efficient alternative
    asia.nikkei.com
  • j
    jaz
    in 2010 price was around today's price, so not a star company or I should be hopeful staying longer
  • P
    Powerpc_marker
    Compound semiconductors including third-generation ones GaN and SiC will play a crucial part in the emerging 6G, car-use or mobile LiDAR, and biometrics device applications, according to Yu-Chi Wang, vice chairman for GaAs foundry Win Semiconductors.

    ulian Ho, Taipei; Willis Ke, DIGITIMES
    Thursday 9 September 2021
  • P
    Powerpc_marker
    Cree price target raised to $136 from $132 at Canaccord 07:13 CREE Cree $86.25 / -1.23 (-1.41%) Canaccord analyst Jed Dorsheimer raised the firm's price target on Cree to $136 from $132 and keeps a Buy rating on the shares. The analyst said expectations have now been properly reset while maintaining its long-term targets, providing more clarity on the Mohawk Valley ramp, and increased the STM material contract for a third time.
  • P
    Powerpc_marker
    CREE CEO Gregg Lowe from CC:
    Our device opportunity pipeline is now above $15 billion and the team is continuing to uncover new opportunities that a very good pace.

    At the same time the team is also doing a solid job of converting opportunities. During the fourth quarter we secured our highest total to-date for design-ins and posting slightly more than $1 billion of design-ins with this record setting performance in Q4 the sales team posted approximately $2.9 billion of design-ins during fiscal 2021 which is an amazing accomplishment by a team and demonstrates that we are well-positioned to compete and win in devices.

    The design-ins for the full year 2021 represents more than 1,100 customer projects. Automotive represents roughly two thirds of the design-ins including a major award from a leading global automotive manufacturer while the rest is spread across a wide variety of applications including an electric farm tractor, residential energy storage systems, and an electrical vertical takeoff and landing aircraft for passenger and cargo transport.

    Our massive pipeline and record design-ins give us further confidence in our ability to achieve our target revenue for fiscal 2024 of $1.5 billion based on the steepening demand curve for silicon carbide devices through 2024 and beyond.
  • s
    skibum632
    At this rate of appreciation we may be back to triple digits in a few weeks. The Canaccord target may be achieved by early next year. That is assuming devices for EV and 5G begin to escalate in early 2022
  • s
    sinbadger
    Cree on schedule for new fab plant in early December. The demand for Silicon carbide chips increasing .
    STM increases their order with Cree.

    Institutional investors will use this weakness to buy. IMO
  • P
    Powerpc_marker
    GaN, SiC devices in growing demand, benefiting material analysis labs
    Julian Ho, Taipei; Willis Ke, DIGITIMES
    Thursday 26 August 2021
    Credit: DIGITIMES

    As the application market for third-generation semiconductors GaN and SiC devices is on track for rapid expansion, international IDMs including Cree, Infineon, SMT Microelectronics and Rohm Semiconductor, as well as makers in Taiwan and China are all...
  • P
    Powerpc_marker
    THE worst is behind for CREE. The trend is up. Hold for next 3-5 years and you will be rewarded beautifully.
  • P
    Powerpc_marker
    If you believe in EV evolution, it is good time to buy CREE, ROG, IIVI and ON and hold them for next couple of years.
  • s
    sinbadger
    On call, ramp in 2024 even faster. Mohawk plant will have much higher margins. Costs 50% lower in Mohawk Valley. Yields will be higher. Pilot line supports these claims.
  • s
    sinbadger
    This is a real long=term growth company with visibility. Growth managers will be excited to buy this stock. Trim some of the Fang stocks, and restaurant stocks and buy Wolfspeed.
  • S
    Shorty McShortBear
    Covered my CREE short sell at $78.50 for an outstanding single day profit of well over $10k! This one worked out great. I had a Buy Cover order in at $79.00 around 3:40 ET, but I could see she was trending down so I lowered it to $78.90, then $78.80, then $78.70, then $78.60, before finally allowing the Cover to hit at $78.50. Every penny counts, folks!

    I'm outta here, it's been a pleasure doing business with you. Maybe I see you again in three months time, if this Bloated Baby gets even more bloated...

    Good Luck! :-)
  • P
    Powerpc_marker
    short squeeze is happening! Go Cree!
  • P
    Powerpc_marker
    If you believe in EV, it is time to load up more CREE now.
  • s
    sinbadger
    IIVI will not have significant manufacturing for 200mm SIC wafers until 2014 at the earliest. They are only spending $1 billion over 10 years currently. They see SiC in a super cycle. SiC growth expected at 55% for IIVI over the next 10 years. Look at transcript. On call now.

    Cree's execution of the 200mm wafer at NY plant if successful will lead to high growth. Bears will burn.

    Cree may need to add another wafer facility. In space and defense markets will Cree have a diamond substrate?
  • P
    Powerpc_marker
    Cree price target raised to $132 from $126 at Canaccord
    CREE Canaccord analyst Jed Dorsheimer raised the firm's price target on Cree to $132 from $126 and keeps a Buy rating on the shares after his recent visit to the company's 200mm facility in Mohawk Valley, New York left him "convinced that Cree represents the potential to transform the electrification trend much like what Intel did to digitization in the 1980/90s." He compares the way that wide band gap semis "fundamentally change" the design landscape for electrifying multiple markets to the way "steel was to concrete," Dorsheimer added in his note published earlier.
  • S
    Shorty McShortBear
    Conference Call starts in a few minutes, at 5 PM ET. Will be interesting to see if CREE continues to slide down during the call, losing $82 and maybe even going into the $80.00 range. Of course this is the after-market session, but it would set things up nicely for even further likely price declines tomorrow in the regular session.
  • P
    Powerpc_marker
    Remember when the analysts downgraded the stock, It is the time to buy. There is a lot of potential for CREE. It is also a take over target.
  • s
    skibum632
    Good luck with your short trades, but I suspect you are just blowing smoke. The last 20 after hour trades amounted to a total of 77 shares and 15 of those trades were single share trades. It appears that someone was using the lack of late volume to keep the price down, with single share trades. I suspect we will see a real pop by tomorrow afternoon because it was a pretty strong quarterly report