Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) Director Pantas Sutardja sold 4,408 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $147.41, for a total value of $649,783.28. Following the completion of the transaction, the director directly owned 5,894,244 shares in the company, valued at $868,870,508.04. The trade was a 0.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Pantas Sutardja also recently made the following trade(s):
- On Friday, August 1st, Pantas Sutardja sold 1,875 shares of Credo Technology Group stock. The shares were sold at an average price of $107.00, for a total value of $200,625.00.
Credo Technology Group Trading Up 1.3%
Shares of NASDAQ CRDO traded up $1.66 during mid-day trading on Wednesday, reaching $131.41. 6,220,555 shares of the company's stock were exchanged, compared to its average volume of 5,374,544. The business has a fifty day simple moving average of $137.72 and a 200 day simple moving average of $93.11. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $176.70. The firm has a market capitalization of $22.73 billion, a price-to-earnings ratio of 196.13 and a beta of 2.60.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The business had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business's revenue was up 273.6% compared to the same quarter last year. Credo Technology Group has set its Q2 2026 guidance at EPS. Equities research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.
Institutional Trading of Credo Technology Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Operose Advisors LLC grew its holdings in shares of Credo Technology Group by 69.2% during the first quarter. Operose Advisors LLC now owns 616 shares of the company's stock worth $25,000 after purchasing an additional 252 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Credo Technology Group during the first quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Credo Technology Group during the first quarter worth about $27,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Credo Technology Group in the 2nd quarter valued at about $27,000. Finally, Harbour Investments Inc. bought a new stake in shares of Credo Technology Group in the 1st quarter valued at about $29,000. 80.46% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
CRDO has been the subject of several research analyst reports. Roth Capital reiterated a "buy" rating and set a $170.00 target price on shares of Credo Technology Group in a research note on Tuesday, September 30th. Susquehanna lifted their price target on Credo Technology Group from $115.00 to $165.00 and gave the stock a "positive" rating in a report on Thursday, September 4th. Barclays reissued an "overweight" rating and set a $165.00 price target on shares of Credo Technology Group in a report on Tuesday, October 7th. William Blair assumed coverage on Credo Technology Group in a report on Thursday, September 18th. They issued an "outperform" rating for the company. Finally, Mizuho lifted their price objective on Credo Technology Group from $135.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $128.55.
Check Out Our Latest Analysis on Credo Technology Group
About Credo Technology Group
(
Get Free Report)
Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.
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