Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Rating) have earned a consensus advice of “Buy” from the eight analysts which are presently protecting the corporate, MarketBeat experiences. Six funding analysts have rated the inventory with a purchase ranking. The common 1 12 months value goal amongst brokers which have issued a report on the inventory within the final 12 months is $19.38.

Separately, Needham & Company LLC upped their value goal on shares of Credo Technology Group from $15.00 to $18.00 and gave the corporate a “buy” ranking in a report on Thursday, December 1st.

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $12.96 on Monday. The firm has a market capitalization of $1.90 billion and a P/E ratio of -216.00. Credo Technology Group has a fifty-two week low of $8.61 and a fifty-two week excessive of $18.00. The firm’s 50-day shifting common is $13.79 and its 200 day shifting common is $13.13.

Insider Activity

In different information, CTO Chi Fung Cheng offered 40,000 shares of the corporate’s inventory in a transaction dated Monday, November seventh. The inventory was offered at a mean value of $13.49, for a complete transaction of $539,600.00. Following the sale, the chief know-how officer now instantly owns 12,543,602 shares within the firm, valued at $169,213,190.98. The sale was disclosed in a doc filed with the SEC, which is accessible at this link. In different information, CTO Chi Fung Cheng offered 40,000 shares of the corporate’s inventory in a transaction dated Monday, November seventh. The inventory was offered at a mean value of $13.49, for a complete transaction of $539,600.00. Following the sale, the chief know-how officer now instantly owns 12,543,602 shares within the firm, valued at $169,213,190.98. The sale was disclosed in a doc filed with the SEC, which is accessible at this link. Also, COO Yat Tung Lam offered 5,000 shares of the corporate’s inventory in a transaction dated Thursday, December eighth. The shares had been offered at a mean value of $15.02, for a complete worth of $75,100.00. Following the sale, the chief working officer now owns 3,330,119 shares within the firm, valued at $50,018,387.38. The disclosure for this sale might be discovered here. Insiders have offered a complete of 1,254,079 shares of firm inventory price $16,179,123 during the last ninety days. Company insiders personal 34.20% of the corporate’s inventory.

Institutional Inflows and Outflows

Several institutional traders have lately modified their holdings of CRDO. Envestnet Asset Management Inc. purchased a brand new place in shares of Credo Technology Group within the first quarter price roughly $332,000. JPMorgan Chase & Co. purchased a brand new place in shares of Credo Technology Group within the first quarter price roughly $205,000. Bank of New York Mellon Corp purchased a brand new place in shares of Credo Technology Group within the first quarter price roughly $1,748,000. BlackRock Inc. purchased a brand new place in shares of Credo Technology Group within the first quarter price roughly $48,844,000. Finally, Symmetry Investments LP purchased a brand new place in shares of Credo Technology Group within the first quarter price roughly $609,000. 40.46% of the inventory is presently owned by institutional traders.

Credo Technology Group Company Profile

(Get Rating)

Credo Technology Group Holding Ltd offers numerous high-speed connectivity options for optical and electrical Ethernet purposes within the United States, Mexico, Mainland China, Hong Kong, and internationally. Its merchandise embody built-in circuits, lively electrical cables, and SerDes chiplets which are based mostly on its serializer/deserializer and digital sign processor applied sciences.

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