Credo Technology Group Holding Ltd. $CRDO Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 33.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,390 shares of the company’s stock after buying an additional 4,077 shares during the period. Kestra Private Wealth Services LLC’s holdings in Credo Technology Group were worth $2,358,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC raised its position in Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after buying an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Credo Technology Group by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after buying an additional 7,107 shares during the last quarter. CW Advisors LLC bought a new position in shares of Credo Technology Group in the second quarter valued at $288,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Credo Technology Group by 198.2% in the second quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $46,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRDO shares. Barclays reissued an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a research note on Thursday, January 15th. Roth Mkm cut their target price on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Rosenblatt Securities upped their target price on Credo Technology Group from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Craig Hallum reissued a “buy” rating and issued a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus price target of $207.81.

Credo Technology Group News Summary

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

• Positive Sentiment: Industry AI capex tailwinds should boost demand for Credo’s high?speed connectivity products as Big Tech increases data?center spending, supporting longer?term revenue growth. Big Techs Assure Lasting AI Frenzy – Which Stocks Will Gain?
• Positive Sentiment: Analyst/market pieces continue to single out Credo as an AI?infrastructure beneficiary (momentum screens and “buy” lists), reinforcing investor interest in the stock as part of the connectivity layer play. Buy 3 Momentum Anomaly Stocks as Stalled Truce Deal Spurs Volatility
• Positive Sentiment: Coverage pieces point to resolved patent disputes and strengthened IP around Active Electric Cables (AECs), which supports Credo’s pricing power and addressable market inside datacenters. 5 Stocks to Buy in May Before the Next AI Surge Hits
• Neutral Sentiment: Coverage of Credo’s recent rally has drawn broader market curiosity (index/flow effects), which can amplify intraday moves without changing fundamentals. Credo Technology Rally Sparks Nasdaq Index Curiosity
• Neutral Sentiment: Sector news — e.g., grants and capacity builds for competitors in optical/transceiver manufacturing — highlights broader supply?chain activity but is not specific to Credo’s addressable market. Applied Optoelectronics Awarded $20.9M Texas Innovation Grant
• Negative Sentiment: Insider selling: Credo’s CTO executed multiple planned stock sales (Rule 10b5?1), a sizable amount in aggregate — the market often reads repeated insider sales into liquidity/lock?up or diversification motives, which can pressure sentiment. Credo Technology Group Holding Ltd. CTO Chi Fung Cheng insider trades
• Negative Sentiment: Valuation/technicals: after a very large rally this year, some price?target analyses flag limited near?term upside (and call the move extended), which can trigger profit?taking and analyst caution. Credo Price Prediction: After a 285% Rally Where Will The Stock Go Next?

Insider Buying and Selling at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total value of $3,234,000.00. Following the completion of the sale, the chief technology officer directly owned 6,272,370 shares in the company, valued at approximately $737,630,712. This represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the transaction, the chief executive officer directly owned 1,782,502 shares in the company, valued at $209,764,835.36. The trade was a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 359,108 shares of company stock worth $45,449,126. 11.84% of the stock is currently owned by company insiders.

Credo Technology Group Stock Down 1.0%

Credo Technology Group stock opened at $174.01 on Friday. The stock has a market cap of $32.10 billion, a P/E ratio of 96.67 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 12 month low of $45.15 and a 12 month high of $213.80. The company’s fifty day simple moving average is $125.98 and its 200-day simple moving average is $139.49.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The company had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same period in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 201.5% compared to the same quarter last year. On average, equities research analysts expect that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current fiscal year.

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.