Marathon Strategic Advisors LLC Raises Holdings in Credo Technology Group Holding Ltd. $CRDO

Marathon Strategic Advisors LLC increased its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 77.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 13,333 shares of the company’s stock after acquiring an additional 5,833 shares during the period. Credo Technology Group makes up about 1.1% of Marathon Strategic Advisors LLC’s holdings, making the stock its 20th largest holding. Marathon Strategic Advisors LLC’s holdings in Credo Technology Group were worth $1,235,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CRDO. Operose Advisors LLC lifted its stake in Credo Technology Group by 69.2% during the first quarter. Operose Advisors LLC now owns 616 shares of the company’s stock worth $25,000 after purchasing an additional 252 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Credo Technology Group in the first quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Credo Technology Group in the first quarter valued at $27,000. Harbour Investments Inc. purchased a new position in shares of Credo Technology Group during the first quarter worth about $29,000. Finally, Virtus Advisers LLC purchased a new position in shares of Credo Technology Group during the first quarter worth about $31,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRDO. JPMorgan Chase & Co. initiated coverage on Credo Technology Group in a report on Friday. They set an “overweight” rating and a $165.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a report on Wednesday, October 8th. William Blair assumed coverage on shares of Credo Technology Group in a research report on Thursday, September 18th. They set an “outperform” rating for the company. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Finally, Mizuho upped their target price on Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $131.58.

Credo Technology Group Stock Up 5.2%

Shares of Credo Technology Group stock opened at $143.61 on Friday. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $176.70. The firm has a market cap of $24.84 billion, a PE ratio of 214.34 and a beta of 2.60. The business’s fifty day moving average is $138.80 and its two-hundred day moving average is $94.74.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $190.63 million. During the same period in the prior year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 273.6% compared to the same quarter last year. Credo Technology Group has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insider Buying and Selling at Credo Technology Group

In other news, Director Manpreet Khaira sold 5,000 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $149.67, for a total transaction of $748,350.00. Following the completion of the sale, the director directly owned 58,574 shares in the company, valued at $8,766,770.58. This represents a 7.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Pantas Sutardja sold 4,408 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $147.41, for a total value of $649,783.28. Following the sale, the director owned 5,894,244 shares of the company’s stock, valued at approximately $868,870,508.04. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,006,589 shares of company stock worth $135,192,863. 11.84% of the stock is currently owned by company insiders.

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.