Cree, Inc. (CREE) Reaches $56.87 52-Week High; Nanostring Technologies Has 1.59 Sentiment

NanoString Technologies, Inc. (NASDAQ:NSTG) Logo

Nanostring Technologies Inc (NSTG) investors sentiment decreased to 1.59 in Q4 2018. It’s down -0.76, from 2.35 in 2018Q3. The ratio dived, as 54 investment managers started new and increased positions, while 34 trimmed and sold holdings in Nanostring Technologies Inc. The investment managers in our database now own: 23.42 million shares, up from 23.34 million shares in 2018Q3. Also, the number of investment managers holding Nanostring Technologies Inc in top ten positions decreased from 2 to 1 for a decrease of 1. Sold All: 7 Reduced: 27 Increased: 31 New Position: 23.

The stock of Cree, Inc. (NASDAQ:CREE) hit a new 52-week high and has $60.28 target or 6.00% above today’s $56.87 share price. The 8 months bullish chart indicates low risk for the $5.82 billion company. The 1-year high was reported on Mar, 17 by Barchart.com. If the $60.28 price target is reached, the company will be worth $349.08M more. The stock increased 6.16% or $3.3 during the last trading session, reaching $56.87. About 4.01M shares traded or 228.74% up from the average. Cree, Inc. (NASDAQ:CREE) has risen 46.83% since March 17, 2018 and is uptrending. It has outperformed by 42.46% the S&P500. Some Historical CREE News: 06/03/2018 – CREE BUYS INFINEON RF POWER OPS FOR ABT EU345M; 16/05/2018 – DEEP ECO: Cree May Benefit, Industry Posts 28th Straight Gain; 16/03/2018 – DEEP ECO: Cree May Benefit, Industry Posts 5th Straight Gain; 20/03/2018 – CREE INC CREE.O : DEUTSCHE BANK RAISES TARGET PRICE TO $52 FROM $45; 24/04/2018 – Cree Targets 4Q Net Loss $34M-$38M; 24/04/2018 – Cree Closes Below 50-Day Moving Average: Technicals; 24/04/2018 – CREE 3Q REV. $356M, EST. $347.3M; 17/04/2018 – DEEP ECO: Cree May Benefit, Industry Best in More Than 3 Years; 06/03/2018 – CREE BUYS INFINEON RF POWER BUSINESS; 24/04/2018 – Cree 3Q Adj EPS 4c

The stock increased 3.00% or $0.8 during the last trading session, reaching $27.51. About 782,386 shares traded or 90.97% up from the average. NanoString Technologies, Inc. (NSTG) has risen 303.46% since March 17, 2018 and is uptrending. It has outperformed by 299.09% the S&P500. Some Historical NSTG News: 07/03/2018 – RPT-NANOSTRING TECHNOLOGIES INC NSTG.O FY2018 SHR VIEW $-2.45, REV VIEW $109.9 MLN — THOMSON REUTERS l/B/E/S; 31/05/2018 – NanoString Highlights Record Number of nCounter-Based Abstracts at the 2018 Annual Meeting of the American Society of Clinical Oncology; 07/03/2018 – NANOSTRING TECHNOLOGIES INC NSTG.O FY2018 SHR VIEW $-2.45, REV VIEW $109.9 MLN — THOMSON REUTERS l/B/E/S; 07/03/2018 – RPT-NANOSTRING TECHNOLOGIES INC NSTG.O SEES FY 2018 REVENUE $100 MLN TO $105 MLN; 25/04/2018 – Hartford Healthcare Adds Global Blood, Exits NanoString; 08/05/2018 – NANOSTRING TECHNOLOGIES INC NSTG.O FY2018 SHR VIEW $-2.78, REV VIEW $103.3 MLN — THOMSON REUTERS l/B/E/S; 19/04/2018 – DJ NanoString Technologies Inc, Inst Holders, 1Q 2018 (NSTG); 10/04/2018 – NanoString Presenting at Conference Apr 16; 07/03/2018 – NANOSTRING TECHNOLOGIES INC NSTG.O SEES FY 2018 REVENUE $100 MLN TO $105 MLN; 10/04/2018 – NanoString Announces Launch of Breast Cancer 360 Research Panel, Expanding the 360 Series of Cancer Panels for Translational Re

NanoString Technologies, Inc. develops, makes, and sells life science tools for translational research and molecular diagnostic products worldwide. The company has market cap of $855.15 million. The firm offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system. It currently has negative earnings. It provides nCounter MAX and FLEX systems that include nCounter Prep Station, an automated liquid handling component that processes and prepares samples for data collection; and nCounter Digital Analyzer, which collects data from samples through the images of the immobilized fluorescent reporters in the sample cartridge and processing the data into output files.

Pura Vida Investments Llc holds 5.5% of its portfolio in NanoString Technologies, Inc. for 596,392 shares. Archon Capital Management Llc owns 469,032 shares or 2.84% of their US portfolio. Moreover, Cadian Capital Management Lp has 1.58% invested in the company for 2.29 million shares. The New York-based Broadfin Capital Llc has invested 1.41% in the stock. Blackstone Group L.P., a New York-based fund reported 4.04 million shares.

More notable recent NanoString Technologies, Inc. (NASDAQ:NSTG) news were published by: Nasdaq.com which released: “NanoString Technologies Inc (NSTG) Q4 2018 Earnings Conference Call Transcript – Nasdaq” on March 07, 2019, also Globenewswire.com with their article: “NanoString to Present at the 39th Annual Cowen Healthcare Conference – GlobeNewswire” published on March 04, 2019, Nasdaq.com published: “After-Hours Earnings Report for March 7, 2019 : COST, MRVL, OKTA, KFY, OEC, NVEE, NSTG, UPLD, AOBC, LOCO, QTRX, UMH – Nasdaq” on March 07, 2019. More interesting news about NanoString Technologies, Inc. (NASDAQ:NSTG) were released by: Nasdaq.com and their article: “NanoString to Host Inaugural Spatial Genomics Summit on Wednesday, February 27th at the 2019 Advances in Genome Biology and Technology (AGBT) Conference – Nasdaq” published on February 25, 2019 as well as Nasdaq.com‘s news article titled: “NanoString Showcases GeoMx and Hyb & Seq Platforms at 2019 Advances in Genome Biology and Technology (AGBT) Conference – Nasdaq” with publication date: February 27, 2019.

Since January 1, 0001, it had 0 insider purchases, and 5 selling transactions for $1.95 million activity.

Cree, Inc. provides lighting-class light emitting diode , 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 has market cap of $5.82 billion. The Company’s Lighting Products segment offers LED lighting systems and bulbs for use in settings, such as office and retail space, restaurants and hospitality, schools and universities, manufacturing, healthcare, airports, municipal, residential, street lighting and parking structures, and other applications. It currently has negative earnings. This segment sells its products to distributors, retailers, and customers.

Among 6 analysts covering Cree (NASDAQ:CREE), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Cree has $58 highest and $35 lowest target. $49.20’s average target is -13.49% below currents $56.87 stock price. Cree had 7 analyst reports since October 9, 2018 according to SRatingsIntel. The firm earned “Underweight” rating on Friday, November 30 by JP Morgan. Nomura maintained Cree, Inc. (NASDAQ:CREE) on Wednesday, October 17 with “Neutral” rating. The stock has “Neutral” rating by JP Morgan on Tuesday, October 9. The stock has “Buy” rating by Goldman Sachs on Friday, November 9. JMP Securities downgraded the stock to “Market Perform” rating in Tuesday, January 29 report. The rating was maintained by Canaccord Genuity on Wednesday, October 17 with “Buy”.

Investors sentiment decreased to 1.04 in Q4 2018. Its down 0.28, from 1.32 in 2018Q3. It dived, as 27 investors sold Cree, Inc. shares while 75 reduced holdings. 33 funds opened positions while 73 raised stakes. 109.13 million shares or 2.42% more from 106.56 million shares in 2018Q3 were reported. Pub Employees Retirement Systems Of Ohio stated it has 4,893 shares or 0% of all its holdings. Moreover, Gemmer Asset Mgmt Lc has 0% invested in Cree, Inc. (NASDAQ:CREE). Moreover, Alpha Windward Llc has 0.37% invested in Cree, Inc. (NASDAQ:CREE) for 11,715 shares. Pnc Finance Group owns 6,194 shares. Advisory Research reported 0.01% of its portfolio in Cree, Inc. (NASDAQ:CREE). Regions Corporation invested in 1,345 shares or 0% of the stock. Wellington Mgmt Group Limited Liability Partnership has 108,370 shares for 0% of their portfolio. Group One Trading Lp accumulated 33,481 shares or 0.01% of the stock. Mason Street Advsr Ltd Liability Com has invested 0.06% in Cree, Inc. (NASDAQ:CREE). Clean Yield Grp holds 0.08% of its portfolio in Cree, Inc. (NASDAQ:CREE) for 4,300 shares. Reliance Trust Of Delaware accumulated 15,878 shares. Fifth Third Bankshares stated it has 4,149 shares or 0% of all its holdings. 15,095 are owned by Employees Retirement Association Of Colorado. Prudential Fincl reported 65,506 shares stake. Janney Montgomery Scott Lc holds 0.02% or 42,430 shares.

Analysts await Cree, Inc. (NASDAQ:CREE) to report earnings on April, 23. They expect $0.05 earnings per share, up 171.43% or $0.12 from last year’s $-0.07 per share. CREE’s profit will be $5.12M for 284.35 P/E if the $0.05 EPS becomes a reality. After $0.13 actual earnings per share reported by Cree, Inc. for the previous quarter, Wall Street now forecasts -61.54% negative EPS growth.

More notable recent Cree, Inc. (NASDAQ:CREE) news were published by: Nasdaq.com which released: “Why CREE Stock Is Surging Today – Nasdaq” on March 15, 2019, also Nasdaq.com with their article: “Cree (CREE) Gains But Lags Market: What You Should Know – Nasdaq” published on March 12, 2019, Nasdaq.com published: “Is Cree (CREE) Stock Outpacing Its Computer and Technology Peers This Year? – Nasdaq” on March 13, 2019. More interesting news about Cree, Inc. (NASDAQ:CREE) were released by: Nasdaq.com and their article: “Notable Monday Option Activity: CREE, ISRG, EBAY – Nasdaq” published on March 11, 2019 as well as Nasdaq.com‘s news article titled: “Notable ETF Outflow Detected – IWN, CIEN, CREE, IDA – Nasdaq” with publication date: March 15, 2019.

NanoString Technologies, Inc. (NASDAQ:NSTG) Institutional Positions Chart