Credo Technology Group Holding Ltd (NASDAQ:CRDO) COO Sells $282,100.00 in Stock

Credo Technology Group Holding Ltd (NASDAQ:CRDOGet Free Report) COO Yat Tung Lam sold 10,000 shares of Credo Technology Group stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $28.21, for a total transaction of $282,100.00. Following the transaction, the chief operating officer now owns 3,130,945 shares in the company, valued at approximately $88,323,958.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Yat Tung Lam also recently made the following trade(s):

  • On Friday, May 10th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The shares were sold at an average price of $17.50, for a total value of $175,000.00.
  • On Thursday, April 11th, Yat Tung Lam sold 10,000 shares of Credo Technology Group stock. The stock was sold at an average price of $22.12, for a total value of $221,200.00.
  • On Wednesday, April 3rd, Yat Tung Lam sold 153,825 shares of Credo Technology Group stock. The stock was sold at an average price of $22.58, for a total value of $3,473,368.50.
  • On Monday, March 25th, Yat Tung Lam sold 94,329 shares of Credo Technology Group stock. The shares were sold at an average price of $22.51, for a total transaction of $2,123,345.79.
  • On Tuesday, March 19th, Yat Tung Lam sold 37,733 shares of Credo Technology Group stock. The stock was sold at an average price of $20.02, for a total transaction of $755,414.66.

Credo Technology Group Stock Down 0.2 %

NASDAQ CRDO opened at $28.88 on Friday. Credo Technology Group Holding Ltd has a 52 week low of $13.38 and a 52 week high of $29.89. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of -160.44 and a beta of 2.20. The company has a fifty day moving average of $20.82 and a two-hundred day moving average of $20.60.

Hedge Funds Weigh In On Credo Technology Group

A number of large investors have recently made changes to their positions in the company. Victory Capital Management Inc. bought a new stake in Credo Technology Group in the third quarter worth about $179,000. New York State Common Retirement Fund lifted its stake in shares of Credo Technology Group by 63.2% during the 3rd quarter. New York State Common Retirement Fund now owns 64,203 shares of the company’s stock worth $979,000 after acquiring an additional 24,853 shares during the last quarter. Swiss National Bank boosted its holdings in Credo Technology Group by 26.6% during the 3rd quarter. Swiss National Bank now owns 245,816 shares of the company’s stock valued at $3,749,000 after acquiring an additional 51,700 shares during the period. Charles Schwab Investment Management Inc. grew its position in Credo Technology Group by 20.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 846,359 shares of the company’s stock valued at $12,907,000 after acquiring an additional 144,438 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Credo Technology Group by 13.3% in the third quarter. Deutsche Bank AG now owns 51,410 shares of the company’s stock worth $784,000 after purchasing an additional 6,043 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRDO. Needham & Company LLC boosted their price target on shares of Credo Technology Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. TD Cowen increased their price target on Credo Technology Group from $20.00 to $24.00 and gave the company a “market perform” rating in a research note on Wednesday, February 28th. Craig Hallum upped their price objective on Credo Technology Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their price target on shares of Credo Technology Group from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Finally, Bank of America reiterated an “underperform” rating and set a $22.00 price objective (up previously from $21.00) on shares of Credo Technology Group in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.88.

Get Our Latest Report on Credo Technology Group

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, 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.

Further Reading

Insider Buying and Selling by Quarter for Credo Technology Group (NASDAQ:CRDO)

Receive News & Ratings for Credo Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credo Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.