Nkcfo LLC Has $202,000 Holdings in Credo Technology Group Holding Ltd (NASDAQ:CRDO)

Nkcfo LLC decreased its holdings in Credo Technology Group Holding Ltd (NASDAQ:CRDO) by 81.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the company’s stock after selling 13,000 shares during the quarter. Nkcfo LLC’s holdings in Credo Technology Group were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CRDO. CWM LLC increased its holdings in shares of Credo Technology Group by 105.7% during the third quarter. CWM LLC now owns 2,787 shares of the company’s stock worth $86,000 after purchasing an additional 1,432 shares during the period. Creative Planning acquired a new position in Credo Technology Group in the 3rd quarter valued at $359,000. Vontobel Holding Ltd. bought a new stake in shares of Credo Technology Group during the 3rd quarter valued at $584,000. Moody Aldrich Partners LLC grew its holdings in shares of Credo Technology Group by 38.8% during the 3rd quarter. Moody Aldrich Partners LLC now owns 208,908 shares of the company’s stock worth $6,434,000 after purchasing an additional 58,351 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in shares of Credo Technology Group in the third quarter worth $237,000. Institutional investors own 80.46% of the company’s stock.

Insiders Place Their Bets

In other Credo Technology Group news, Director Pantas Sutardja sold 1,875 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $66.96, for a total value of $125,550.00. Following the sale, the director now owns 5,902,402 shares in the company, valued at approximately $395,224,837.92. The trade was a 0.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lip Bu Tan sold 3,799 shares of Credo Technology Group stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $70.73, for a total value of $268,703.27. Following the completion of the transaction, the director now directly owns 1,709,926 shares in the company, valued at approximately $120,943,065.98. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,305,679 shares of company stock valued at $89,862,242 in the last ninety days. 16.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRDO has been the subject of several recent analyst reports. Roth Mkm upped their price objective on shares of Credo Technology Group from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus increased their price target on shares of Credo Technology Group from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. TD Cowen boosted their price objective on shares of Credo Technology Group from $45.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group upped their target price on Credo Technology Group from $65.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Craig Hallum boosted their price target on Credo Technology Group from $38.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.40.

Credo Technology Group Trading Up 0.3 %

NASDAQ:CRDO opened at $70.70 on Friday. The stock’s 50-day moving average is $72.08 and its 200-day moving average is $49.09. The stock has a market cap of $11.82 billion, a P/E ratio of -471.33 and a beta of 2.09. Credo Technology Group Holding Ltd has a 1-year low of $16.82 and a 1-year high of $86.69.

Credo Technology Group 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.