Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Optimum Investment Advisors

Optimum Investment Advisors increased its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 50.0% during the second quarter, HoldingsChannel.com reports. The fund owned 1,950 shares of the company’s stock after buying an additional 650 shares during the period. Optimum Investment Advisors’ holdings in Credo Technology Group were worth $181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Operose Advisors LLC increased its stake in 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 buying an additional 252 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Credo Technology Group in the 1st quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Credo Technology Group in the 1st quarter valued at $27,000. Harbour Investments Inc. acquired a new position in Credo Technology Group in the 1st quarter valued at $29,000. Finally, Virtus Advisers LLC acquired a new position in Credo Technology Group in the 1st quarter valued at $31,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Yat Tung Lam sold 70,000 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $137.49, for a total value of $9,624,300.00. Following the sale, the chief operating officer directly owned 850,000 shares in the company, valued at $116,866,500. The trade was a 7.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $150.34, for a total transaction of $8,268,700.00. Following the completion of the sale, the chief technology officer owned 6,723,961 shares in the company, valued at $1,010,880,296.74. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,076,589 shares of company stock worth $147,776,163. 11.84% of the stock is owned by company insiders.

Credo Technology Group Stock Performance

Shares of NASDAQ CRDO opened at $155.55 on Friday. The firm has a market capitalization of $26.91 billion, a P/E ratio of 232.16 and a beta of 2.60. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $176.70. The company’s fifty day moving average is $141.61 and its two-hundred day moving average is $99.01.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Credo Technology Group in a research note on Wednesday, October 1st. They issued a “buy” rating and a $170.00 price objective on the stock. Mizuho boosted their price objective on shares of Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Barclays reissued an “overweight” rating and issued a $165.00 price objective on shares of Credo Technology Group in a research note on Tuesday, October 7th. Stifel Nicolaus set a $160.00 target price on shares of Credo Technology Group in a research report on Wednesday, October 1st. Finally, William Blair assumed coverage on shares of Credo Technology Group in a research report on Thursday, September 18th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Buy” and a consensus price target of $140.36.

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.