Kraematon Investment Advisors Inc. Decreases Stake in Credo Technology Group Holding Ltd. $CRDO

Kraematon Investment Advisors Inc. cut its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,465 shares of the company’s stock after selling 225 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Credo Technology Group were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CRDO. Wolff Wiese Magana LLC increased its holdings in Credo Technology Group by 200.0% in the second quarter. Wolff Wiese Magana LLC now owns 450 shares of the company’s stock valued at $42,000 after buying an additional 300 shares during the last quarter. Operose Advisors LLC increased its holdings in shares of Credo Technology Group by 69.2% in the 1st quarter. Operose Advisors LLC now owns 616 shares of the company’s stock valued at $25,000 after acquiring an additional 252 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Credo Technology Group during the 1st quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Credo Technology Group during the first quarter worth approximately $27,000. Finally, Signaturefd LLC increased its stake in Credo Technology Group by 32.4% in the second quarter. Signaturefd LLC now owns 703 shares of the company’s stock valued at $65,000 after purchasing an additional 172 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRDO shares. Susquehanna boosted their price objective on shares of Credo Technology Group from $115.00 to $165.00 and gave the stock a “positive” rating in a research report on Thursday, September 4th. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a report on Saturday, September 27th. TD Cowen began coverage on Credo Technology Group in a report on Wednesday. They issued a “buy” rating and a $170.00 target price for the company. Finally, Roth Capital restated a “buy” rating and set a $170.00 price target on shares of Credo Technology Group in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $128.55.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO opened at $143.87 on Friday. The firm’s 50-day moving average is $133.21 and its two-hundred day moving average is $88.37. The company has a market capitalization of $24.89 billion, a PE ratio of 214.73 and a beta of 2.60. Credo Technology Group Holding Ltd. has a 12-month low of $29.09 and a 12-month high of $176.70.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Wednesday, September 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company 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 company’s revenue for the quarter was up 273.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Credo Technology Group has set its Q2 2026 guidance at EPS. On average, analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Insider Activity at Credo Technology Group

In related news, COO Yat Tung Lam sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $143.53, for a total transaction of $11,482,400.00. Following the transaction, the chief operating officer owned 920,000 shares of the company’s stock, valued at approximately $132,047,600. This represents a 8.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Laufman sold 10,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $140.00, for a total value of $1,400,000.00. Following the completion of the transaction, the insider owned 232,284 shares of the company’s stock, valued at $32,519,760. This trade represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 878,915 shares of company stock worth $111,449,895 over the last three months. Company insiders own 11.84% of the company’s stock.

Credo Technology Group Company 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.