Cwm LLC Buys 645 Shares of Credo Technology Group Holding Ltd. $CRDO

Cwm LLC boosted its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,509 shares of the company’s stock after acquiring an additional 645 shares during the period. Cwm LLC’s holdings in Credo Technology Group were worth $788,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its holdings in shares of Credo Technology Group by 200.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 450 shares of the company’s stock valued at $42,000 after buying an additional 300 shares in the last quarter. Operose Advisors LLC boosted its holdings 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 valued at $25,000 after buying an additional 252 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Credo Technology Group during the 1st quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Credo Technology Group during the 1st quarter valued at $27,000. Finally, Signaturefd LLC boosted its holdings in shares of Credo Technology Group by 32.4% during the 2nd quarter. Signaturefd LLC now owns 703 shares of the company’s stock valued at $65,000 after buying an additional 172 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Insiders Place Their Bets

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $163.98, for a total value of $9,018,900.00. Following the completion of the transaction, the chief technology officer owned 6,998,961 shares of the company’s stock, valued at approximately $1,147,689,624.78. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Joseph Brennan sold 150,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $106.87, for a total transaction of $16,030,500.00. Following the sale, the chief executive officer directly owned 2,061,978 shares of the company’s stock, valued at $220,363,588.86. The trade was a 6.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,006,589 shares of company stock worth $138,151,863 in the last 90 days. Corporate insiders own 11.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRDO shares. Barclays restated an “overweight” rating and set a $165.00 target price on shares of Credo Technology Group in a report on Tuesday, October 7th. Mizuho boosted their target price on shares of Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Cowen restated a “buy” rating on shares of Credo Technology Group in a report on Thursday, September 4th. Roth Capital reaffirmed a “buy” rating and issued a $170.00 price target on shares of Credo Technology Group in a research report on Tuesday, September 30th. Finally, Stifel Nicolaus set a $160.00 price target on Credo Technology Group in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $140.36.

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $137.20 on Thursday. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $176.70. The business has a 50-day simple moving average of $140.16 and a two-hundred day simple moving average of $96.95. The firm has a market cap of $23.74 billion, a price-to-earnings ratio of 204.78 and a beta of 2.60.

Credo Technology Group (NASDAQ:CRDO) last issued 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). 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 during the quarter, compared to analysts’ expectations of $190.63 million. During the same period last year, the firm posted $0.04 EPS. Credo Technology Group’s quarterly revenue was up 273.6% compared to the same quarter last year. Credo Technology Group has set its Q2 2026 guidance at EPS. As a group, research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current 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.