Mutual of America Capital Management LLC Acquires Shares of 155,392 Credo Technology Group Holding Ltd (NASDAQ:CRDO)

Mutual of America Capital Management LLC acquired a new stake in Credo Technology Group Holding Ltd (NASDAQ:CRDOGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 155,392 shares of the company’s stock, valued at approximately $1,815,000. Mutual of America Capital Management LLC owned 0.11% of Credo Technology Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada acquired a new stake in Credo Technology Group in the first quarter valued at approximately $26,000. Ameritas Investment Partners Inc. purchased a new position in shares of Credo Technology Group during the first quarter valued at approximately $26,000. UBS Group AG purchased a new position in shares of Credo Technology Group during the first quarter valued at approximately $69,000. Bank of America Corp DE purchased a new position in shares of Credo Technology Group during the first quarter valued at approximately $135,000. Finally, California State Teachers Retirement System purchased a new position in shares of Credo Technology Group during the first quarter valued at approximately $143,000. Institutional investors and hedge funds own 22.64% of the company’s stock.

Credo Technology Group Price Performance

Shares of NASDAQ:CRDO opened at $14.48 on Friday. Credo Technology Group Holding Ltd has a 12-month low of $8.61 and a 12-month high of $18.00. The business’s 50 day moving average is $12.57 and its 200 day moving average is $12.57.

Credo Technology Group (NASDAQ:CRDOGet Rating) last announced its earnings results on Wednesday, August 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $46.47 million for the quarter, compared to analysts’ expectations of $45.70 million. The firm’s revenue for the quarter was up 333.3% compared to the same quarter last year. Analysts forecast that Credo Technology Group Holding Ltd will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Adam Thorngate-Gottlund sold 5,945 shares of Credo Technology Group stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $12.95, for a total transaction of $76,987.75. Following the sale, the general counsel now directly owns 274,405 shares in the company, valued at $3,553,544.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, General Counsel Adam Thorngate-Gottlund sold 5,945 shares of Credo Technology Group stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $12.95, for a total transaction of $76,987.75. Following the sale, the general counsel now directly owns 274,405 shares in the company, valued at $3,553,544.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel W. Fleming sold 56,250 shares of Credo Technology Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $15.01, for a total value of $844,312.50. Following the sale, the chief financial officer now owns 543,825 shares in the company, valued at $8,162,813.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,000,882 shares of company stock worth $12,277,097. 34.20% of the stock is owned by company insiders.

About Credo Technology Group

(Get Rating)

Credo 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 integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies.

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Institutional Ownership by Quarter for Credo Technology Group (NASDAQ:CRDO)

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