Credo Technology Group (NASDAQ:CRDO) Trading Down 1.5% - What's Next?
Credo Technology Group (NASDAQ:CRDO) shares fell 1.5% on Thursday, trading at $231.35 with lower-than-average volume. Despite recent downgrades to "Hold" by some firms, analysts maintain a "Moderate Buy" consensus rating with an average price target of $268.39. The company reported strong quarterly results, including $1.16 EPS and $437 million in revenue, a 157% increase year-over-year.
Credo Technology: Valuation Has Run Ahead Of Fundamentals (Initiating Sell) (NASDAQ:CRDO)
Credo Technology Group Holding (CRDO) is currently trading at a significant premium, with a forward P/E of ~40x and trailing P/E of ~71x, suggesting the market has already priced in high expectations. The company's revenue growth is heavily reliant on hyperscaler spending, but it lacks contractual revenue visibility and faces substantial customer concentration risk, with around 84% of FY2026 effective revenue coming from just three customers without minimum purchase commitments. This high valuation assumes sustained hyperscaler expansion, leaving little margin of safety and making CRDO vulnerable to shifts in capital expenditure within the sector.
Credo vs. Astera Labs: Which AI Connectivity Stock Is the Better Buy?
This article compares Credo Technology Group Holding Ltd. (CRDO) and Astera Labs (ALAB), two prominent AI connectivity stocks, to determine which offers a better investment opportunity. It delves into their fundamentals, valuations, growth outlooks, and risks, highlighting CRDO's focus on high-performance, energy-efficient solutions and ALAB's strong business momentum in comprehensive connectivity infrastructure. While both companies show strong growth in the AI sector, ALAB is currently rated as a Strong Buy by Zacks Investment Research, compared to CRDO's Hold rating.
Credo Is Up 71% This Year and Wall Street Just Raised Its Targets Again
Credo Technology (NASDAQ:CRDO) has seen its shares rise 71% year-to-date in 2026 due to high demand for AI infrastructure from hyperscalers. Despite this significant gain, 24/7 Wall St. maintains a "BUY" rating with a $246.78 price target, citing strong Q4 FY2026 revenue growth and promising optical business projections for FY2027. However, the company faces risks from severe customer concentration and a high valuation compared to peers like Broadcom, though a bull case projects higher valuations.
Credo Technology Group (NASDAQ:CRDO) Shares Down 4.5% - Should You Sell?
Credo Technology Group (NASDAQ:CRDO) shares recently dropped 4.5% to $234.82, though they remain significantly above their 200-day moving average. Despite this dip and notable insider selling totaling $101 million, analysts maintain a "Moderate Buy" consensus with an average price target of $268.39, buoyed by strong quarterly results including a 157% revenue surge. The article details analyst rating changes, price performance metrics, recent insider transactions by COO Yat Tung Lam and CTO Chi Fung Cheng, and institutional investor activity.
Credo Technology's Scale-Up Push: Can it Drive Long-Term Growth?
Credo Technology is expanding into AI connectivity with scale-up networks as a significant growth opportunity, with substantial revenues anticipated from fiscal 2028. The company is developing new solutions like PCIe Gen6 AEC and OmniConnect gearboxes while navigating intense competition from industry giants like Broadcom and Marvell Technology. However, the success of this strategy hinges on customer adoption and deployment in a rapidly evolving market.
Analysts Offer Insights on Technology Companies: Credo Technology Group Holding Ltd (CRDO) and TTM Technologies (TTMI)
Two technology companies, Credo Technology Group Holding Ltd (CRDO) and TTM Technologies (TTMI), have received bullish ratings from analysts. Goldman Sachs maintained a Buy rating for Credo Technology with a $285.00 price target, while Truist Financial maintained a Buy rating for TTM Technologies. Both companies have a "Strong Buy" consensus among analysts, with significant upside potential from their current stock prices.
Credo Technology Group Holding Ltd Stock (CRDO) Closed Up by 8.66% on Aug 17: Facts Behind the Movement
Credo Technology Group Holding Ltd (CRDO) stock rose by 8.66% on August 17, driven by strong market momentum in high-speed connectivity and AI semiconductor sectors. The increase was attributed to the company's showcase of new AI memory interconnects and retimers at a recent conference, accelerating capital expenditures by hyper-scalers on data center infrastructure, and favorable institutional and analyst sentiment. Despite risks like customer concentration and insider selling, Credo's fundamental outperformance and growth prospects supported the stock's advance.
CRDO|Credo Technology Group Holding Ltd|Price:283.660|Chg%:+23.760
Credo Technology Group Holding Ltd (CRDO) stock closed up by 9.14% on August 17th, reaching $283.660. The company's recent advancements in AI memory interconnects and retimers, coupled with increased capital expenditures by hyper-scalers on data center infrastructure, are key drivers for its performance. Analysts maintain a "Buy" rating for CRDO, with a target price of $283.462.
Credo Technology Group Holding Ltd (CRDO) Shares Surge 8.8% -- W
Credo Technology Group Holding Ltd (CRDO) saw its shares surge 8.8% to $282.82, yet GuruFocus assesses the stock as "Modestly Overvalued" with a GF Value™ of $225.02. Despite a strong GF Score™ of 84/100, driven by excellent growth and momentum, its profitability ranks lower. Insider activity shows significant selling, raising concerns about future performance and valuation sustainability.
Credo (CRDO) Soars Ahead of Earnings, Revenues Seen to More-Than-Double
Credo Technology Group Holding Ltd. (CRDO) saw its stock price climb by 8.82% as investors anticipate its Q1 fiscal year 2027 earnings, scheduled for release on September 1, 2026. The company previously guided a revenue outlook of $465 million to $475 million for Q1 2027, representing a more-than-doubling from the previous year. Despite the positive outlook, hedge fund sentiment for CRDO reportedly declined in Q1, with fewer funds holding positions and a reduction in combined holdings.
CRDO Stock Extends AI Run As Wall Street Hikes Targets
Credo Technology Group Holding Ltd (CRDO) stock has seen an 8.73% increase, driven by bullish sentiment for its high-speed connectivity solutions, particularly in the AI sector. Wall Street analysts from Barclays and Susquehanna have raised price targets, citing strong market opportunities and a supportive semiconductor upcycle. Additionally, potential FCC regulations against Chinese optical transceivers and Credo's leadership in open AI interconnect standards are contributing to its momentum.
CRDO Stock Climbs As AI And Regulatory Tailwinds Align
Credo Technology Group (CRDO) stock has climbed 8.55% due to strong investor optimism driven by AI infrastructure demand, favorable U.S.-China tech policy, and aggressive Wall Street upgrades. The company is actively involved in setting open standards for AI chip-to-memory communication, aiming to alleviate the "memory wall" issue. Despite significant insider selling, major stakeholders maintain large positions, suggesting continued alignment with long-term performance.
Will Credo Maintain Strong Margins Despite Higher R&D Spending in FY27?
Credo Technology Group Holding Ltd (CRDO) expects to maintain strong margins in fiscal year 2027, despite increasing research and development spending. The company anticipates revenue growth of over 80% and non-GAAP net margins remaining around 50%, driven by its optical and copper portfolios. This outlook is supported by strong fiscal 2026 performance and continued investment in new product development.
Credo (CRDO) Soars Ahead of Earnings, Revenues Seen to More-Than-Double
Credo Technology Group Holding Ltd. (CRDO) saw its share price climb by 8.82% ahead of its Q1 fiscal year 2027 earnings release, scheduled for September 1, 2026. The company anticipates revenues to more than double, growing 108% to 113% year-over-year, despite a decrease in hedge fund participation in the stock during the first quarter. This strong revenue growth follows a robust Q4 fiscal year 2026 performance where net income increased by 362% and revenues jumped by 157%.
Royal Bank of Canada Has $3.04 Million Stock Position in Credo Technology Group Holding Ltd. $CRDO
Royal Bank of Canada significantly reduced its stake in Credo Technology Group Holding Ltd. by 71.2% in the first quarter, now holding 32,364 shares valued at $3.04 million. Despite this, Credo Technology Group maintains a "Moderate Buy" consensus rating from analysts with an average price target of $266.17, and recently reported strong quarterly results with revenue up 157% year-over-year. However, company insiders have sold approximately $101 million worth of stock over the last three months.
How Investors Are Reacting To Credo (CRDO) Expanding AI Memory Interconnect Portfolio With OmniConnect Weaver
Credo Technology Group Holding Ltd. (CRDO) recently unveiled its OmniConnect Weaver solution and Toucan PCIe 6.0-capable retimer, aiming to address AI memory bottlenecks and enhance high-speed connectivity. This move strengthens Credo's position in the AI infrastructure market, but analysts caution investors to consider customer concentration risk and differing fair value estimates. The company's future growth hinges on sustained hyperscaler demand and its ability to manage these risks amidst the AI excitement.
Credo Technology Group (NASDAQ:CRDO) Shares Down 2.3% - Here's What Happened
Credo Technology Group (NASDAQ:CRDO) shares fell 2.3% in mid-day trading despite strong quarterly results and positive analyst sentiment. The company reported EPS of $1.16, beating estimates, and revenue growth of 157% year-over-year. However, significant insider selling totaling over $101 million in the last 90 days occurred, along with institutional investors adjusting their stakes.
Credo Technology Group Holding (CRDO), Why Is Fresh Attention Building Around It?
Credo Technology Group Holding (CRDO) is gaining attention after showcasing its OmniConnect Weaver AI memory interconnect and Toucan PCIe 6.0-capable retimer at FMS 2026, earning two Best of Show nominations. Despite a recent surge in share price, analysts peg its fair value at $130.00, well below its current trading price of $265.99, indicating a potential overvaluation based on some intrinsic estimates. The narrative suggests strong profitability but also warns of risks from slowing AI infrastructure spending or product timeline slips.
Credo Technology Group (NASDAQ:CRDO) Trading Up 8.3% - Still a Buy?
Credo Technology Group (NASDAQ:CRDO) saw its shares increase by 8.3% to $268.16, with a market capitalization of $50.01 billion, following better-than-expected quarterly results. The company reported an EPS of $1.16 against a $1.02 consensus and revenue of $437 million, marking a 157% year-over-year increase. Despite a "Moderate Buy" consensus rating and a $266.17 price target from analysts, insiders have sold approximately $101 million worth of shares in the last three months.
Credo Technology Group Holding Ltd (CRDO) Latest Stock News & Headlines
This article provides a compilation of recent news and headlines concerning Credo Technology Group Holding Ltd (CRDO), including updates on its stock performance and analyst coverage. Key topics include CRDO's involvement in AI interconnect solutions, upcoming financial results, and its stock's significant year-to-date and long-term returns. The content also features various analyst opinions and reports from sources like Zacks, Investor's Business Daily, and Simply Wall St.
Credo: Lumentum's Earnings Results Were A Warning Shot (NASDAQ:CRDO)
Credo Technology Group Holding Ltd (CRDO) is positioned to benefit from AI infrastructure growth due to its expanding optical portfolio and strategic alignment with rising hyperscaler AI capital expenditures. The article discusses three key takeaways from Lumentum's recent Q4 earnings, which support constructive demand dynamics for Credo's products, suggesting further upside for its stock. Credo's leverage of SiPho PIC and microLED technologies is expected to expand its total addressable market in the AI-driven optical supercycle.
Handelsbanken Fonder AB Has $36.43 Million Stock Position in Credo Technology Group Holding Ltd. $CRDO
Handelsbanken Fonder AB significantly reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 51.8% in the second quarter, now holding 133,970 shares valued at $36.43 million. Despite this, other institutional investors have increased their positions, and 80.46% of the company's stock is owned by institutional investors and hedge funds. Credo Technology Group continues to generate positive news, especially concerning its role in AI infrastructure demand, and analysts have a "Moderate Buy" rating with an average price target of $266.17.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Receives Consensus Rating of "Moderate Buy" from Analysts
Credo Technology Group Holding Ltd. (NASDAQ:CRDO) has received a consensus "Moderate Buy" rating from nineteen analysts, with an average 12-month price target of $266.17. The company recently reported strong quarterly earnings, beating analyst estimates with EPS of $1.16 and revenue growth of 157%. Growth is significantly driven by demand for AI infrastructure, and upcoming Q1 2027 results are anticipated to be a key catalyst.
Credo's fiscal first-quarter results release set for Sept. 1 after close
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced it will host a conference call on September 1, 2026, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 1, 2026. The company will disseminate the news release detailing these results after the market closes on the same day. Interested parties can join the call via phone or live webcast, with a replay available online.
Credo Technology Group Holding Ltd (CRDO) Interactive Stock Chart
This page provides an interactive stock chart for Credo Technology Group Holding Ltd (CRDO) on Yahoo Finance. It displays real-time price data, pre-market activity, and includes a list of recent news articles related to CRDO and other semiconductor companies. The content also shows related stock tickers and their current performance.
Credo Technology Group Holding Ltd (CRDO) Stock News Today
This article provides a list of recent news headlines for Credo Technology Group Holding Ltd (CRDO) stock, detailing its daily price movements. It shows various dates where the stock closed up or down by certain percentages. The page also includes current stock information such as its market capitalization and P/E ratio.
Credo to Contribute OmniConnect Scale-In Interconnect Solution to the Open Compute Project to Address AI Inference Memory Wall
Credo Technology Group Holding Ltd announced its plan to contribute its OmniConnect scale-in interconnect solution to the Open Compute Project (OCP) to address the AI inference memory wall. Credo has formed the OCP Open Chiplet Economy (OCE) Lightweight Serial Interconnect (LSI) Workstream and will contribute its OmniConnect lightweight AXI framer specification. This initiative aims to reduce dependence on High-Bandwidth Memory (HBM) and enable composable AI architectures with increased memory density and bandwidth.
Credo Technology (NASDAQ:CRDO) Soars 21% as Wall Street Target Gap Narrows
Credo Technology (NASDAQ:CRDO) saw its stock soar by 20.7% over the past week, driven by strong performance and a narrowing gap to Wall Street's average price target. The company outperformed both its connectivity sector peers and the broader semiconductor index, fueled by market optimism after an unexpected drop in U.S. payrolls. Despite the significant price movement, trading volume was subdued, and future growth depends on consistent execution and potential analyst estimate revisions, especially given its high valuation and customer concentration risks.
Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Quantinno Capital Management LP
Quantinno Capital Management LP significantly increased its stake in Credo Technology Group Holding Ltd. (CRDO) by 68.4% in the first quarter, bringing its total holdings to 34,124 shares valued at $3.2 million. Despite recent insider selling totaling over $101 million, analysts maintain a "Moderate Buy" rating with an average price target of $266.17, supported by the company's strong Q1 earnings and 157% year-over-year revenue growth. Institutional investors collectively own a substantial 80.46% of the company's stock.
Pacer Advisors Inc. Buys 5,585 Shares of Credo Technology Group Holding Ltd. $CRDO
Pacer Advisors Inc. increased its stake in Credo Technology Group Holding Ltd. by 32.6% in the first quarter, adding 5,585 shares to own a total of 22,736 shares valued at $2.13 million. The company reported strong quarterly revenue growth of 157% and beat analyst expectations for both revenue and EPS. Despite significant insider selling, analysts maintain a "Moderate Buy" rating with a consensus price target of $266.17.
Can Credo (CRDO) Turn AI Interconnect Awards Into Durable Advantage In High-Speed Connectivity?
Credo Technology Group Holding showcased its OmniConnect Weaver and Toucan PCIe 6.0 retimer at the 2026 Future of Memory and Storage conference, receiving awards for its AI-focused interconnect products. These innovations aim to address AI memory bottlenecks and strengthen Credo's position in high-speed connectivity for AI systems, supporting its premium valuation in the niche. However, the company still faces challenges related to customer concentration and competition, which could impact its ambitious revenue and earnings forecasts.
MRA Advisory Group Purchases New Holdings in Credo Technology Group Holding Ltd. $CRDO
MRA Advisory Group has acquired 5,405 shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) valued at approximately $1.47 million during the second quarter. This move is amidst significant institutional ownership, with 80.46% of the company's stock held by institutional investors and hedge funds. Analysts maintain a "Moderate Buy" consensus rating for CRDO, with price targets ranging from $215 to $325, following the company's strong quarterly earnings report which showed a 157% year-over-year revenue increase.
Credo Technology Group Holding Ltd (CRDO) latest stock news and headlines
This article provides a compilation of recent news and headlines concerning Credo Technology Group Holding Ltd (CRDO), detailing its stock performance, analyst recommendations, and company announcements. It highlights CRDO's strong year-to-date performance, its focus on AI interconnects and memory solutions, and its position within the semiconductor industry. The news items touch upon various aspects, including earnings reports, industry comparisons, and market sentiment.
Credo Technology Group Holding (CRDO) AI Product Debut Puts Its Valuation Narrative In Focus
Credo Technology Group Holding (CRDO) recently showcased new AI connectivity products at FMS 2026, including OmniConnect Weaver and Toucan PCIe retimer. Despite significant one-year share price gains, the stock has seen a recent 30-day decline, and its most popular valuation narrative suggests it is overvalued at $130 per share compared to its current price of $230.43. The article advises investors to examine the underlying data and potential risks like a slowdown in AI infrastructure spending or product launch delays.
Empowered Funds LLC Increases Stake in Credo Technology Group Holding Ltd. $CRDO
Empowered Funds LLC significantly increased its stake in Credo Technology Group Holding Ltd. ($CRDO) by 95.7% in the first quarter, now owning 26,965 shares valued at $2.53 million. This comes as institutional investors collectively hold over 80% of the company, despite recent insider selling and the stock trading down 5.6%. Credo reported strong quarterly revenue growth of 157% and impressive EPS, fueled by its AI infrastructure exposure, while analysts maintain a "Moderate Buy" rating with an average price target of $266.17.
Bank of America Corp DE Sells 10,093 Shares of Credo Technology Group Holding Ltd. $CRDO
Bank of America Corp DE reduced its stake in Credo Technology Group Holding Ltd. by 0.5%, selling 10,093 shares but retaining a significant holding. Institutional investors collectively own over 80% of CRDO, while company insiders have been taking profits through pre-arranged sales. Despite a premium valuation, analysts remain bullish on Credo, which reported strong revenue growth and an earnings beat, driven by its AI connectivity solutions.
Credo Technology Surges 52% YTD: Buy, Sell or Hold the Stock?
Credo Technology Group Holding Ltd (CRDO) has seen a 51.8% year-to-date surge, outperforming the semiconductor industry and broader market, driven by its strong position in the AI infrastructure market. The company specializes in high-speed connectivity solutions like SerDes and DSP technology, with significant growth projected in its optical segment and impressive operating leverage. While the stock's premium valuation and potential risks like market competition and customer concentration exist, its alignment with the booming AI trend suggests a balanced risk-reward, recommending existing investors to hold but new investors to await a better entry point.
Credo Technology (CRDO) CTO's family trust sells 27,473 shares in plan trades
Credo Technology Group Holding Ltd's CTO, Cheng Chi Fung, through the Cheng Huang Family Trust, sold 27,473 ordinary shares on July 31, 2026. These sales were conducted under a Rule 10b5-1 trading plan adopted in September 2025, with weighted average prices ranging from $201.2163 to $215.3500 per share. Following these transactions, Cheng Chi Fung directly holds 140,358 ordinary shares in addition to the trust's indirect holdings.
Credo Technology Group (CRDO) COO sells 105,441 shares under 10b5-1 plan
Credo Technology Group Holding Ltd's COO, Lam Yat Tung, sold 105,441 ordinary shares of CRDO on July 31, 2026, across 14 transactions. These sales were executed according to a Rule 10b5-1 trading plan established on April 15, 2026, with weighted average prices ranging from $209.8291 to $216.4859 per share. The report also details his remaining direct and indirect holdings, including shares held through EZ Trust and Zhan BVI Co Ltd, for which he disclaims beneficial ownership except for pecuniary interest.
Credo Technology Group Holding Insider Sold Shares Worth $22,476,646, According to a Recent SEC Filing
An insider at Credo Technology Group Holding Ltd (CRDO) recently sold shares valued at $22,476,646, as reported in a recent SEC filing. This transaction follows other significant insider sales throughout July and early August. The company, a Cayman Islands-based holding company, specializes in high-speed connectivity solutions for data infrastructure.
Credo Technology Group Holding Ltd (CRDO) Shares Surge 9.0% -- What GF Score of 86 Tells Investors
Credo Technology Group Holding Ltd (CRDO) shares surged 9.0% on August 4, 2026, reaching $237.92, despite GuruFocus classifying the stock as overvalued with a GF Value™ estimate of $219.90. The company holds a strong GF Score™ of 86/100, driven by excellent growth and financial strength, but is challenged by a lower profitability rank. While nine gurus hold the stock, significant insider selling in the last three months raises caution for potential investors.
With EPS Growth And More, Credo Technology Group Holding (NASDAQ:CRDO) Makes An Interesting Case
This article examines Credo Technology Group Holding (NASDAQ:CRDO) as an interesting investment case due to its significant EPS growth over the past year. While past performance doesn't guarantee future results, the company's strong growth trajectory suggests potential for continued positive momentum. Investors are encouraged to research further into Credo Technology's financial health and market position.
Trilogy Capital Inc. Boosts Stake in Credo Technology Group Holding Ltd. $CRDO
Trilogy Capital Inc. increased its stake in Credo Technology Group Holding Ltd. by 21.1% in the second quarter, bringing its total holdings to 34,550 shares valued at $9.4 million. Credo Technology Group reported strong quarterly results, exceeding analyst expectations with $1.16 earnings per share and $437 million in revenue, a 157% year-over-year increase. Despite analysts maintaining a "Buy" rating and an average price target of $266.17, company insiders have sold approximately $72.8 million worth of stock in the last 90 days.
Credo Technology Group (NASDAQ:CRDO) Shares Up 5.5% - Here's Why
Credo Technology Group (NASDAQ:CRDO) saw its shares rise 5.5% to $218.35 on Monday, despite insider sales totaling $72.8 million over the past three months. Analysts maintain a "Buy" rating with an average price target of $266.17, following strong quarterly results of $1.16 EPS and $437 million in revenue, a 157% year-over-year increase. Hedge funds have also been actively buying new stakes in the semiconductor company.
Credo to Showcase AI Memory and Storage Connectivity Solutions at FMS 2026
Credo Technology Group Holding Ltd (Credo) will exhibit its latest AI memory and storage interconnect products at the FMS 2026 conference from August 4-6. Key highlights include the OmniConnect Weaver solution for AI memory and chip-to-chip interconnect, and the PCIe 6.0 technology-capable Toucan PCIe retimer. Credo has also been named a finalist for the FMS Best of Show Awards for its OmniConnect Weaver solution in two categories.
VectorGlobal IAG Inc. Purchases Shares of 11,241 Credo Technology Group Holding Ltd. $CRDO
VectorGlobal IAG Inc. has acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO), purchasing 11,241 shares valued at approximately $1.06 million. Despite recent insider selling, institutional investors collectively own 80.46% of the company, and analysts maintain a consensus "Buy" rating with an average price target of $266.17. Credo Technology Group has also exceeded recent earnings and revenue estimates, with quarterly revenue surging 157% year over year.
Verus Capital Partners LLC Takes Position in Credo Technology Group Holding Ltd. $CRDO
Verus Capital Partners LLC has acquired a new stake of 5,386 shares, valued at $506,000, in Credo Technology Group Holding Ltd. Institutional investors now own 80.46% of the company. Despite significant insider selling totaling $72.8 million over the last quarter, analysts maintain an average "Buy" rating with a consensus price target of $266.17, following strong Q1 earnings that surpassed expectations.
Wellington Grp LLC Decreases Stock Holdings in Credo Technology Group Holding Ltd. $CRDO
Wellington Grp LLC significantly reduced its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 96.8% in the first quarter, selling 11,635 shares and retaining only 388. Despite this, other institutional investors have either increased their positions or purchased new stakes, with institutional investors collectively owning 80.46% of the company's stock. Analysts remain largely bullish on CRDO, with an average "Buy" rating and a consensus price target of $266.17, while the company reported strong Q1 earnings and revenue growth.
364,500 Shares in Credo Technology Group Holding Ltd. $CRDO Purchased by Carmignac Gestion
Carmignac Gestion acquired a new stake of 364,500 shares in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the first quarter, valued at approximately $34.2 million. This purchase represents about 0.20% of the company, with institutional investors now owning 80.46% of CRDO. Despite significant institutional buying, company insiders, including the CFO and CTO, sold over 300,000 shares worth $72.8 million within the last 90 days.
