Private Advisory Group LLC Takes $989,000 Position in Credo Technology Group Holding Ltd. $CRDO

Private Advisory Group LLC purchased a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,876 shares of the company’s stock, valued at approximately $989,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC raised its stake in shares of Credo Technology Group by 0.7% in the third quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock worth $1,444,000 after acquiring an additional 68 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Credo Technology Group by 16.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $80,000 after purchasing an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Credo Technology Group by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after purchasing an additional 91 shares in the last quarter. Versant Capital Management Inc raised its position in Credo Technology Group by 18.0% in the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock worth $97,000 after purchasing an additional 101 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in Credo Technology Group by 14.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 861 shares of the company’s stock worth $125,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $95.24 on Monday. Credo Technology Group Holding Ltd. has a 1-year low of $29.09 and a 1-year high of $213.80. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 52.91 and a beta of 2.67. The business’s 50-day moving average price is $117.83 and its two-hundred day moving average price is $141.03.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.Credo Technology Group’s revenue was up 201.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 EPS. Sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Key Stories Impacting Credo Technology Group

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: New high‑end products deepen AI interconnect position — Credo rolled out its 1.6T Cardinal DSP push and expanded optical DSP lineup, reinforcing its roadmap for high‑bandwidth, power‑efficient AI links that can drive large data‑center design wins. Credo Expands AI Interconnect Play
• Positive Sentiment: Strong AI‑data‑center demand narrative — coverage highlights accelerating hyperscaler adoption, retimers/optical DSP scale and surging AEC (assembled‑electronics components) demand that support Credo’s revenue ramp. What Is Driving Credo’s Growth
• Positive Sentiment: Legal overhangs cleared — recent settlements with Molex and TE Connectivity resolve patent/active‑cable disputes, removing potential litigation uncertainty that could aid investor sentiment. Credo and Molex Settlement Credo and TE Connectivity Settlement
• Neutral Sentiment: Momentum‑stock recognition — Zacks includes CRDO in a short list of momentum anomaly picks, which can attract trend traders but adds volatility. 3 Momentum Anomaly Stocks to Buy
• Neutral Sentiment: Third‑party commentary points to potential catalyst from hyperscaler moves — some analysts/bloggers flag possible large partnerships (e.g., commentary on an Alphabet-related shift), but impacts are speculative until confirmed by customers. Seeking Alpha: Alphabet Game Changer
• Negative Sentiment: Execution and concentration risks remain — analyst deep dives caution that customer concentration, margin variability and the complexity of shifting to optical DSPs create execution risk that could amplify swings in results. Deep Dive: Catalysts, Risks & Valuation
• Negative Sentiment: High valuation and recent pullback — CRDO trades at a premium (elevated P/E and high beta) after large YTD gains; that premium makes it sensitive to short‑term profit‑taking and execution headlines.

Insiders Place Their Bets

In other news, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction on Friday, January 30th. The shares were sold at an average price of $128.67, for a total transaction of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares of the company’s stock, valued at $758,128,014.78. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William Joseph Brennan sold 18,016 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total transaction of $2,120,122.88. Following the completion of the sale, the chief executive officer owned 234,609 shares of the company’s stock, valued at approximately $27,608,787.12. This represents a 7.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 398,601 shares of company stock worth $50,891,520. Company insiders own 11.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRDO. The Goldman Sachs Group set a $165.00 price target on Credo Technology Group and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays reissued an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. Mizuho reduced their target price on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 3rd. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Bank of America raised their price objective on shares of Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $206.33.

Credo Technology Group Company Profile

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high‑speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low‑latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.