99,953 Shares in Credo Technology Group Holding Ltd. $CRDO Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC acquired a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 99,953 shares of the company’s stock, valued at approximately $9,255,000. Stephens Investment Management Group LLC owned approximately 0.06% of Credo Technology Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. boosted its position in shares of Credo Technology Group by 3.9% during the 2nd quarter. Blue Trust Inc. now owns 4,108 shares of the company’s stock worth $380,000 after acquiring an additional 154 shares in the last quarter. Signaturefd LLC boosted its position in shares of Credo Technology Group by 32.4% during the 2nd quarter. Signaturefd LLC now owns 703 shares of the company’s stock worth $65,000 after acquiring an additional 172 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Credo Technology Group by 21.5% during 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 in the last quarter. Operose Advisors LLC boosted its position in shares of Credo Technology Group by 69.2% during the 1st quarter. Operose Advisors LLC now owns 616 shares of the company’s stock worth $25,000 after acquiring an additional 252 shares in the last quarter. Finally, QTR Family Wealth LLC boosted its position in shares of Credo Technology Group by 3.9% during the 2nd quarter. QTR Family Wealth LLC now owns 7,415 shares of the company’s stock worth $687,000 after acquiring an additional 280 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Daniel W. Fleming sold 112,580 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $138.20, for a total value of $15,558,556.00. Following the sale, the chief financial officer owned 458,678 shares in the company, valued at $63,389,299.60. This represents a 19.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Pantas Sutardja sold 4,408 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $147.41, for a total value of $649,783.28. Following the transaction, the director directly owned 5,894,244 shares in the company, valued at approximately $868,870,508.04. This represents a 0.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,006,589 shares of company stock worth $138,151,863. 11.84% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Roth Capital reissued a “buy” rating and issued a $170.00 target price on shares of Credo Technology Group in a report on Tuesday, September 30th. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Monday, September 8th. Susquehanna boosted their target price on Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday. Wall Street Zen raised Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Finally, Needham & Company LLC boosted their target price on Credo Technology Group from $85.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Credo Technology Group presently has an average rating of “Buy” and an average target price of $140.36.

Credo Technology Group Trading Down 4.8%

NASDAQ CRDO opened at $137.20 on Thursday. The business’s 50 day moving average is $140.16 and its two-hundred day moving average is $96.95. 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 capitalization of $23.74 billion, a price-to-earnings ratio of 204.78 and a beta of 2.60.

Credo Technology Group (NASDAQ:CRDO) last released its 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). Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The business had revenue of $223.07 million for the quarter, compared to analyst estimates of $190.63 million. During the same quarter in the previous year, the firm posted $0.04 EPS. The business’s revenue for the quarter was up 273.6% on a year-over-year basis. Credo Technology Group has set its Q2 2026 guidance at EPS. Equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal 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.