How times have changed for Cree – at least in the views of investors and analysts.

Just five months after Jim Cramer of CNBC and TheStreet.com trashed Cree in a scathing “lightning round” analysis, Cree (Nasdaq: CREE) shares reached a new 52-week high of $33.60 on Tuesday.

That’s 15 cents higher than the previous best – and represents a 45 percent jump so far this year.

The low over that time span in $20.25.

Investors traded some 2.8 million shares Tuesday, nearly double the daily average.

Cree closed at $33.01, up from Monday’s close of $31.92.

However, recently good quarterly financials and deals such as the launch of LED light bulbs in Best Buy haven’t changed TheStreet’s view of Cree.

“TheStreet Ratings rates Cree as a hold,” the business website said Tuesday. “The company’s strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”

Six other analysts rate Cree as a “strong buy” and 13 rate it as a “buy.”

Some 10 analysts say Cree is a “hold.”

Three rank the stock at “under perform.”

[CREE ARCHIVE: Check out a decade of Cree stories as reported in WRAL Tech Wire.]