Pantas Sutardja Sells 1,875 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $189.35, for a total transaction of $355,031.25. Following the sale, the director directly owned 5,893,909 shares in the company, valued at $1,116,011,669.15. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Pantas Sutardja also recently made the following trade(s):

• On Monday, October 13th, Pantas Sutardja sold 4,408 shares of Credo Technology Group stock. The shares were sold at an average price of $147.41, for a total transaction of $649,783.28.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $162.74 on Friday. Credo Technology Group Holding Ltd. has a 1-year low of $29.09 and a 1-year high of $193.50. The company has a market capitalization of $28.15 billion, a PE ratio of 242.90 and a beta of 2.62. The business has a 50-day moving average of $151.16 and a 200-day moving average of $107.14.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly 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 during the quarter, compared to analyst estimates of $190.63 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s revenue was up 273.6% compared to the same quarter last year. Credo Technology Group has set its Q2 2026 guidance at EPS. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors have recently modified their holdings of the business. Ethic Inc. lifted its position in Credo Technology Group by 35.5% in the second quarter. Ethic Inc. now owns 7,142 shares of the company’s stock worth $668,000 after purchasing an additional 1,873 shares during the period. Realta Investment Advisors acquired a new position in shares of Credo Technology Group during the 2nd quarter valued at $300,000. Convergence Investment Partners LLC bought a new stake in shares of Credo Technology Group in the 2nd quarter worth $2,577,000. Farther Finance Advisors LLC lifted its holdings in shares of Credo Technology Group by 850.6% in the second quarter. Farther Finance Advisors LLC now owns 4,135 shares of the company’s stock valued at $383,000 after buying an additional 3,700 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Credo Technology Group by 61.7% in the second quarter. US Bancorp DE now owns 6,422 shares of the company’s stock valued at $595,000 after buying an additional 2,451 shares during the period. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC raised their price objective on shares of Credo Technology Group from $85.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Barclays restated an “overweight” rating and issued a $165.00 target price on shares of Credo Technology Group in a research note on Tuesday, October 7th. Susquehanna lifted their price target on Credo Technology Group from $165.00 to $175.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Finally, William Blair assumed coverage on Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.36.

About Credo Technology Group

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.