SlateStone Wealth LLC acquired a new position in Credo Technology Group Holding Ltd (NASDAQ:CRDO – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,050 shares of the company’s stock, valued at approximately $1,348,000.
Other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. grew its stake in shares of Credo Technology Group by 695.1% in the third quarter. Brown Brothers Harriman & Co. now owns 1,145 shares of the company’s stock worth $35,000 after acquiring an additional 1,001 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Credo Technology Group in the fourth quarter valued at $38,000. WASHINGTON TRUST Co acquired a new position in Credo Technology Group in the fourth quarter valued at $43,000. Principal Securities Inc. raised its holdings in shares of Credo Technology Group by 626.1% in the fourth quarter. Principal Securities Inc. now owns 668 shares of the company’s stock valued at $45,000 after buying an additional 576 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Credo Technology Group by 240.0% in the third quarter. Larson Financial Group LLC now owns 1,982 shares of the company’s stock valued at $61,000 after buying an additional 1,399 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.
Credo Technology Group Stock Performance
Shares of NASDAQ:CRDO opened at $49.15 on Monday. The company has a market cap of $8.35 billion, a PE ratio of -327.67 and a beta of 2.16. The firm has a 50 day simple moving average of $66.23 and a 200 day simple moving average of $52.77. Credo Technology Group Holding Ltd has a 52 week low of $16.82 and a 52 week high of $86.69.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on CRDO
Insider Buying and Selling at Credo Technology Group
In related news, Director Pantas Sutardja sold 21,041 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $68.19, for a total value of $1,434,785.79. Following the transaction, the director now directly owns 5,904,277 shares in the company, valued at approximately $402,612,648.63. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel W. Fleming sold 3,790 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $69.93, for a total transaction of $265,034.70. Following the completion of the sale, the chief financial officer now directly owns 652,666 shares of the company’s stock, valued at approximately $45,640,933.38. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,190,496 shares of company stock worth $82,695,512. 16.04% of the stock is currently owned by company insiders.
Credo Technology Group Company Profile
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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