Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC boosted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 200.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450 shares of the company’s stock after buying an additional 300 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Credo Technology Group were worth $42,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CRDO. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Credo Technology Group in the 4th quarter worth $7,799,000. GAMMA Investing LLC lifted its holdings in Credo Technology Group by 8,072.2% in the 1st quarter. GAMMA Investing LLC now owns 79,597 shares of the company’s stock worth $3,197,000 after buying an additional 78,623 shares in the last quarter. Summit Global Investments acquired a new position in Credo Technology Group in the 1st quarter worth $390,000. Rhumbline Advisers lifted its holdings in Credo Technology Group by 4.9% in the 1st quarter. Rhumbline Advisers now owns 205,046 shares of the company’s stock worth $8,235,000 after buying an additional 9,615 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. acquired a new position in Credo Technology Group in the 1st quarter worth $389,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Stock Performance

Shares of Credo Technology Group stock opened at $142.93 on Monday. The firm has a market cap of $24.73 billion, a PE ratio of 213.33 and a beta of 2.59. The firm’s 50-day simple moving average is $128.39 and its 200-day simple moving average is $85.19. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $176.70.

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

Insider Buying and Selling at Credo Technology Group

In related news, CFO Daniel W. Fleming sold 3,790 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $137.55, for a total transaction of $521,314.50. Following the completion of the sale, the chief financial officer owned 576,178 shares of the company’s stock, valued at $79,253,283.90. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lip Bu Tan sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $175.12, for a total transaction of $3,502,400.00. Following the sale, the director directly owned 422,180 shares of the company’s stock, valued at approximately $73,932,161.60. This represents a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,915 shares of company stock worth $91,779,645. 11.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRDO shares. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Cowen reiterated a “buy” rating on shares of Credo Technology Group in a report on Thursday, September 4th. Needham & Company LLC upped their target price on shares of Credo Technology Group from $85.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. TD Cowen upped their target price on shares of Credo Technology Group from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Finally, Roth Capital upped their target price on shares of Credo Technology Group from $95.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Credo Technology Group has a consensus rating of “Buy” and an average target price of $126.27.

Credo Technology Group Profile

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.