Credo Technology Group Holding Ltd. $CRDO Stock Holdings Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 66,006 shares of the company’s stock after purchasing an additional 3,217 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Credo Technology Group were worth $6,111,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC raised its stake in Credo Technology Group by 20.8% during the first quarter. Mutual of America Capital Management LLC now owns 96,651 shares of the company’s stock valued at $3,882,000 after buying an additional 16,664 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Credo Technology Group by 90.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,345 shares of the company’s stock valued at $415,000 after acquiring an additional 4,905 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Credo Technology Group by 213.6% during the 1st quarter. Cetera Investment Advisers now owns 37,495 shares of the company’s stock valued at $1,506,000 after acquiring an additional 25,539 shares in the last quarter. LPL Financial LLC lifted its stake in Credo Technology Group by 363.1% during the first quarter. LPL Financial LLC now owns 226,644 shares of the company’s stock worth $9,102,000 after purchasing an additional 177,708 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in Credo Technology Group in the first quarter worth $670,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CRDO. Wall Street Zen raised shares of Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Roth Capital reaffirmed a “buy” rating and set a $170.00 price objective on shares of Credo Technology Group in a research report on Tuesday, September 30th. William Blair began coverage on shares of Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating on the stock. Mizuho lifted their target price on Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Finally, Stifel Nicolaus set a $160.00 target price on Credo Technology Group in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.36.

Credo Technology Group Stock Up 6.4%

Shares of NASDAQ:CRDO opened at $164.01 on Thursday. The company’s 50-day moving average price is $152.38 and its 200 day moving average price is $117.94. The company has a market cap of $28.37 billion, a PE ratio of 244.79 and a beta of 2.62. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $193.50.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm 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 for the quarter was up 273.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. Credo Technology Group has set its Q2 2026 guidance at EPS. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insider Transactions at Credo Technology Group

In other news, Director Manpreet Khaira sold 5,000 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $149.67, for a total value of $748,350.00. Following the completion of the transaction, the director owned 58,574 shares of the company’s stock, valued at approximately $8,766,770.58. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $189.35, for a total transaction of $355,031.25. Following the sale, the director owned 5,893,909 shares in the company, valued at approximately $1,116,011,669.15. This represents a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 973,161 shares of company stock worth $149,011,579 over the last quarter. Insiders own 11.84% of the company’s stock.

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.