Hudock Inc. Has $641,000 Stake in Credo Technology Group Holding Ltd. $CRDO

Hudock Inc. raised its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 11.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,919 shares of the company’s stock after acquiring an additional 716 shares during the period. Hudock Inc.’s holdings in Credo Technology Group were worth $641,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CRDO. Wolff Wiese Magana LLC raised its position in shares of Credo Technology Group by 200.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 450 shares of the company’s stock valued at $42,000 after acquiring an additional 300 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Credo Technology Group by 278.4% during the second quarter. Cullen Frost Bankers Inc. now owns 473 shares of the company’s stock worth $44,000 after purchasing an additional 348 shares during the period. Operose Advisors LLC grew its position in shares of Credo Technology Group by 69.2% in the 1st quarter. Operose Advisors LLC now owns 616 shares of the company’s stock valued at $25,000 after purchasing an additional 252 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Credo Technology Group during the 1st quarter worth approximately $25,000. Finally, Signaturefd LLC boosted its holdings 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 during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, Director Pantas Sutardja sold 1,875 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $189.35, for a total transaction of $355,031.25. Following the transaction, the director owned 5,893,909 shares in the company, valued at $1,116,011,669.15. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Joseph Brennan sold 18,016 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $171.23, for a total value of $3,084,879.68. Following the completion of the transaction, the chief executive officer owned 319,907 shares in the company, valued at $54,777,675.61. The trade was a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 973,161 shares of company stock valued at $149,011,579 over the last ninety days. 11.84% of the stock is owned by corporate insiders.

Credo Technology Group Price Performance

CRDO stock opened at $160.34 on Thursday. The business’s fifty day moving average price is $154.31 and its two-hundred day moving average price is $111.07. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 239.31 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 released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $190.63 million. During the same period in the prior year, the business posted $0.04 earnings per share. Credo Technology Group’s revenue was up 273.6% compared to the same quarter last year. Credo Technology Group has set its Q2 2026 guidance at EPS. Research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CRDO shares. Stifel Nicolaus set a $160.00 price target on Credo Technology Group in a report on Wednesday, October 1st. Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and issued a $170.00 target price on shares of Credo Technology Group in a report on Tuesday, September 30th. Finally, Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.36.

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.