Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 60.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,781 shares of the company’s stock after acquiring an additional 5,189 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Credo Technology Group were worth $1,276,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Operose Advisors LLC grew its stake in Credo Technology Group by 69.2% during the 1st 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. Northwestern Mutual Wealth Management Co. purchased a new stake in Credo Technology Group during the 1st quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Credo Technology Group during the 1st quarter valued at about $27,000. Harbour Investments Inc. purchased a new stake in Credo Technology Group during the 1st quarter valued at about $29,000. Finally, Virtus Advisers LLC purchased a new stake in Credo Technology Group during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Credo Technology Group in a research note on Friday. They set an “overweight” rating and a $165.00 price objective for the company. William Blair began coverage on shares of Credo Technology Group in a research note on Thursday, September 18th. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Mizuho boosted their target price on shares of Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Finally, Needham & Company LLC boosted their target price on shares of Credo Technology Group from $85.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $131.58.

Insiders Place Their Bets

In other news, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $148.08, for a total value of $8,144,400.00. Following the sale, the chief technology officer directly owned 6,778,961 shares of the company’s stock, valued at approximately $1,003,828,544.88. The trade was a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manpreet Khaira sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $149.67, for a total transaction of $748,350.00. Following the completion of the sale, the director directly owned 58,574 shares in the company, valued at $8,766,770.58. This trade represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,006,589 shares of company stock worth $135,192,863. Insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $143.61 on Friday. The company’s 50 day simple moving average is $138.80 and its 200-day simple moving average is $95.10. The company has a market capitalization of $24.84 billion, a price-to-earnings ratio of 214.34 and a beta of 2.60. 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 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 analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. Credo Technology Group has set its Q2 2026 guidance at EPS. Equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

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.