Today, the CHAIRMAN, PRESIDENT AND CEO of Cree (NASDAQ: CREE), Charles Swoboda, bought shares of CREE for $222.1K.

Charles Swoboda increased his holding by 1.87% to a total of $9794134.62. In addition to Charles Swoboda, 2 other CREE executives reported Buy trades in the last month.

The company has a one year high of $32.92 and a one year low of $21.50. CREE’s market cap is $2.25B and the company has a P/E ratio of 601.35. Currently, Cree has an average volume of 786.5K.

24 different firms, including Ascendiant and B. Riley, currently also have a Buy rating on the stock. Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $24.25, reflecting a -8.0% downside.

Over the last 3 months, the insider sentiment on Cree has been neutral based on 25 corporate insider transactions. This sentiment is slightly lower than the average sector sentiment of insiders.

Cree, Inc. operates as innovator of lighting-class light emitting diode (LED) products, lighting products and semiconductor products for power and radio-frequency (RF) applications. It operates through the following segments: LED Products, Lighting Products, Power and RF Products segments. The LED Products segment includes LED chips, LED components and SiC materials. The Lighting Products segment consists of LED lighting systems and bulbs for the commercial, industrial and consumer markets. The Power and RF Products segment includes power devices and RF devices. The company was founded by Calvin H. Carter Jr., John W. Palmour, F. Neal Hunter, Eric Hunter and John Edmond in 1987 and is headquartered in Durham, NC.