Credo Technology Group Holding Ltd. $CRDO Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 781.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,733 shares of the company’s stock after buying an additional 158,459 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Credo Technology Group worth $16,549,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Credo Technology Group by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock valued at $334,740,000 after acquiring an additional 163,305 shares during the last quarter. Swedbank AB lifted its position in Credo Technology Group by 29.5% during the first quarter. Swedbank AB now owns 3,219,125 shares of the company’s stock valued at $129,280,000 after purchasing an additional 733,811 shares during the period. Alliancebernstein L.P. boosted its holdings in Credo Technology Group by 6.1% in the first quarter. Alliancebernstein L.P. now owns 1,846,387 shares of the company’s stock valued at $74,151,000 after purchasing an additional 105,405 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after purchasing an additional 589,151 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Credo Technology Group during the 1st quarter worth about $52,636,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CRDO shares. Cowen reissued a “buy” rating on shares of Credo Technology Group in a report on Thursday, September 4th. JPMorgan Chase & Co. started coverage on Credo Technology Group in a research report on Friday, October 17th. They set an “overweight” rating and a $165.00 price target for the company. William Blair began coverage on Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. Needham & Company LLC raised their price objective on shares of Credo Technology Group from $85.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, September 4th. Finally, Wall Street Zen raised shares of Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.36.

Insiders Place Their Bets

In related news, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $156.32, for a total value of $8,597,600.00. Following the sale, the chief technology officer directly owned 6,668,961 shares in the company, valued at approximately $1,042,491,983.52. The trade was a 0.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Yat Tung Lam sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $169.27, for a total value of $13,541,600.00. Following the sale, the chief operating officer owned 770,000 shares of the company’s stock, valued at approximately $130,337,900. This trade represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 973,161 shares of company stock valued at $149,011,579. 11.84% of the stock is owned by company insiders.

Credo Technology Group Price Performance

Credo Technology Group stock opened at $139.56 on Wednesday. The stock has a market capitalization of $24.14 billion, a PE ratio of 208.30 and a beta of 2.62. The business has a 50 day simple moving average of $154.35 and a 200-day simple moving average of $114.32. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $193.50.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $223.07 million during the quarter, compared to analyst estimates of $190.63 million. Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. Credo Technology Group’s revenue was up 273.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. Credo Technology Group has set its Q2 2026 guidance at EPS. On average, equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

About Credo Technology Group

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.