Credo Technology Group Holding Ltd. $CRDO Stock Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 850.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,135 shares of the company’s stock after purchasing an additional 3,700 shares during the period. Farther Finance Advisors LLC’s holdings in Credo Technology Group were worth $383,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in Credo Technology Group by 21.5% in the first quarter. Larson Financial Group LLC now owns 1,386 shares of the company’s stock worth $56,000 after buying an additional 245 shares during the last quarter. Operose Advisors LLC grew its position in Credo Technology Group by 69.2% in the first 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. Calamos Advisors LLC increased its stake in shares of Credo Technology Group by 3.1% during the 1st quarter. Calamos Advisors LLC now owns 17,369 shares of the company’s stock worth $698,000 after purchasing an additional 529 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Credo Technology Group during the 1st quarter worth $25,000. Finally, KBC Group NV raised its holdings in shares of Credo Technology Group by 11.7% during the 1st quarter. KBC Group NV now owns 6,324 shares of the company’s stock valued at $254,000 after purchasing an additional 663 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Trading Down 1.4%

Shares of Credo Technology Group stock opened at $142.93 on Monday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $176.70. The company’s fifty day simple moving average is $128.39 and its 200-day simple moving average is $85.19. The company has a market cap of $24.73 billion, a price-to-earnings ratio of 213.33 and a beta of 2.59.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $223.07 million for the quarter, compared to analyst estimates of $190.63 million. Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The firm’s quarterly revenue was up 273.6% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share. Credo Technology Group has set its Q2 2026 guidance at EPS. As a group, research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRDO has been the topic of several recent research reports. Noble Financial upgraded Credo Technology Group to a “strong-buy” rating in a report on Tuesday, June 3rd. Susquehanna increased their price objective on Credo Technology Group from $115.00 to $165.00 and gave the company a “positive” rating in a report on Thursday, September 4th. Stifel Nicolaus set a $155.00 price objective on Credo Technology Group in a research note on Thursday, September 4th. Cowen restated a “buy” rating on shares of Credo Technology Group in a report on Thursday, September 4th. Finally, Needham & Company LLC increased their price target 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 investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. According to data from MarketBeat.com, Credo Technology Group currently has an average rating of “Buy” and an average target price of $126.27.

Insiders Place Their Bets

In other Credo Technology Group news, insider James Laufman sold 10,000 shares of Credo Technology Group stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $140.00, for a total transaction of $1,400,000.00. Following the sale, the insider directly owned 232,284 shares of the company’s stock, valued at approximately $32,519,760. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel W. Fleming sold 3,790 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $137.55, for a total value of $521,314.50. Following the completion of the sale, the chief financial officer owned 576,178 shares in the company, valued at approximately $79,253,283.90. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,915 shares of company stock valued at $91,779,645 over the last 90 days. Company insiders own 11.84% of the company’s stock.

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.