Kraematon Investment Advisors Inc. Decreases Holdings in Credo Technology Group Holding Ltd. $CRDO

Kraematon Investment Advisors Inc. cut its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 2.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,465 shares of the company’s stock after selling 225 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in Credo Technology Group were worth $876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CRDO. Signaturefd LLC grew its stake in shares of Credo Technology Group by 32.4% in the second quarter. Signaturefd LLC now owns 703 shares of the company’s stock valued at $65,000 after buying an additional 172 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Credo Technology Group by 21.5% in the 1st quarter. Larson Financial Group LLC now owns 1,386 shares of the company’s stock worth $56,000 after acquiring an additional 245 shares during the period. Operose Advisors LLC grew its position in Credo Technology Group by 69.2% in the first quarter. Operose Advisors LLC now owns 616 shares of the company’s stock valued at $25,000 after acquiring an additional 252 shares in the last quarter. QTR Family Wealth LLC raised its stake in shares of Credo Technology Group by 3.9% during the second quarter. QTR Family Wealth LLC now owns 7,415 shares of the company’s stock valued at $687,000 after purchasing an additional 280 shares during the period. Finally, Wolff Wiese Magana LLC lifted its position in shares of Credo Technology Group by 200.0% during the second quarter. Wolff Wiese Magana LLC now owns 450 shares of the company’s stock worth $42,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Trading Down 3.8%

Shares of CRDO stock opened at $143.87 on Friday. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $176.70. The stock has a market cap of $24.89 billion, a P/E ratio of 214.73 and a beta of 2.60. The company has a 50 day simple moving average of $133.21 and a two-hundred day simple moving average of $88.37.

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 the consensus estimate of $0.36 by ($0.02). The company had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. The business’s revenue for the quarter was up 273.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. Credo Technology Group has set its Q2 2026 guidance at EPS. As a group, equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Insider Activity

In other Credo Technology Group news, Director Lip Bu Tan sold 20,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $175.12, for a total value of $3,502,400.00. Following the completion of the sale, the director owned 422,180 shares in the company, valued at approximately $73,932,161.60. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Yat Tung Lam sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $143.53, for a total value of $11,482,400.00. Following the sale, the chief operating officer directly owned 920,000 shares in the company, valued at approximately $132,047,600. This represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 878,915 shares of company stock worth $111,449,895. 11.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CRDO shares. Wall Street Zen raised shares of Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. William Blair began coverage on Credo Technology Group in a research report on Thursday, September 18th. They set an “outperform” rating on the stock. Barclays boosted their price target on Credo Technology Group from $85.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, September 4th. Mizuho lifted their price objective on Credo Technology Group from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, September 4th. Finally, Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Buy” and an average price target of $128.55.

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.