Wealth Enhancement Advisory Services LLC Sells 34,541 Shares of Credo Technology Group Holding Ltd. $CRDO

Wealth Enhancement Advisory Services LLC lessened its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 44.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,520 shares of the company’s stock after selling 34,541 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Credo Technology Group were worth $5,653,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock valued at $284,000 after purchasing an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 purchasing an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 purchasing an additional 7,107 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Credo Technology Group by 96.4% in the second quarter. Prudential Financial Inc. now owns 20,932 shares of the company’s stock worth $1,938,000 after buying an additional 10,274 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in Credo Technology Group during the second quarter valued at approximately $209,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about 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.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 18,016 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total value 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 $27,608,787.12. This trade represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pantas Sutardja sold 1,875 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $128.67, for a total value of $241,256.25. Following the transaction, the director 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 398,601 shares of company stock worth $50,891,520. 11.84% of the stock is currently owned by insiders.

Credo Technology Group Stock Performance

Shares of Credo Technology Group stock opened at $95.24 on Monday. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 52.91 and a beta of 2.67. The stock has a 50 day moving average price of $117.83 and a 200-day moving average price of $141.03. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.29. The company had revenue of $407.01 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRDO has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $125.00 price objective on shares of Credo Technology Group in a report on Monday, March 23rd. New Street Research set a $240.00 target price on shares of Credo Technology Group in a report on Tuesday, December 2nd. Roth Mkm reduced their price target on shares of 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. Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Credo Technology Group currently has an average rating of “Buy” and a consensus price target of $206.33.

Credo Technology Group 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.