Hantz Financial Services Inc. Makes New Investment in Credo Technology Group Holding Ltd. $CRDO

Hantz Financial Services Inc. acquired a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 30,919 shares of the company’s stock, valued at approximately $4,502,000.

Other large investors have also modified their holdings of the company. Allianz Asset Management GmbH increased its position in Credo Technology Group by 2,059.9% during the third quarter. Allianz Asset Management GmbH now owns 57,389 shares of the company’s stock worth $8,356,000 after purchasing an additional 54,732 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth $25,000. Jones Financial Companies Lllp raised its position in shares of Credo Technology Group by 127.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,536 shares of the company’s stock worth $363,000 after buying an additional 1,419 shares during the period. State of Wyoming boosted its holdings in Credo Technology Group by 71.7% in the third quarter. State of Wyoming now owns 2,682 shares of the company’s stock valued at $391,000 after acquiring an additional 1,120 shares during the last quarter. Finally, Chung Wu Investment Group LLC purchased a new stake in Credo Technology Group during the third quarter valued at about $596,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group News Summary

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Strategic product/partner progress: Credo is promoting its Blue Heron 224G retimer (3nm) for AI scale‑up networking and announced deals/partnerships (including coverage on the Blue Heron/3M angle) that support longer‑term revenue upside in AI data‑center interconnects. Read More.
• Positive Sentiment: Bullish research and theses: Bank of America and other analysts continue to frame Credo as a long‑term beneficiary of AI/cloud connectivity, and several bullish writeups argue current pullbacks are attractive entry points. Read More.
• Positive Sentiment: Independent investor bullish pieces: Some investors and analysts have recently upgraded or publicly said they’re buying at lower levels, highlighting strong revenue growth and margin expansion as a catalyst for recovery. Read More.
• Neutral Sentiment: Short‑interest data appears anomalous/insignificant (reported as effectively zero); this suggests short activity is not a meaningful driver of today’s move. (Data flagged as irregular.)
• Neutral Sentiment: Broader bull‑case commentary and research pieces remain available for longer‑term investors but are not immediate market movers. Read More.
• Negative Sentiment: Insider selling pressure: Multiple insiders sold shares in late January (CEO/related filings, CTO sale of 27,500 shares, and a director sale of 1,875 shares). These disclosed Form 4 sales can hurt sentiment, especially after a strong run‑up. Read More. • Read More. • Read More.
• Negative Sentiment: Analyst downgrades/ratings pressure: Zacks moved Credo from “strong‑buy” to “hold,” and at least one Seeking Alpha piece published a rating downgrade — actions that can prompt short‑term selling or stop‑loss triggers. Read More. • Read More.

Insider Buying and Selling at Credo Technology Group

In related news, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction on Friday, January 30th. The shares were sold at an average price of $128.67, for a total value of $241,256.25. Following the completion of the sale, the director owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $127.37, for a total transaction of $3,502,675.00. Following the transaction, the chief technology officer owned 6,299,870 shares in the company, valued at $802,414,441.90. This trade represents a 0.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 917,976 shares of company stock valued at $136,567,647. Corporate insiders own 11.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CRDO shares. Susquehanna lifted their price objective on Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. assumed coverage on shares of Credo Technology Group in a research note on Friday, October 17th. They issued an “overweight” rating and a $165.00 target price on the stock. Wolfe Research set a $240.00 price target on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Barclays restated an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.54.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $96.95 on Thursday. Credo Technology Group Holding Ltd. has a 1-year low of $29.09 and a 1-year high of $213.80. The company has a market capitalization of $17.51 billion, a PE ratio of 85.04 and a beta of 2.65. The business has a 50-day moving average of $147.68 and a 200-day moving average of $142.08.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. Credo Technology Group’s revenue for the quarter was up 272.1% on a year-over-year basis. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

About Credo Technology Group

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.