Credo Technology Group Holding Ltd. $CRDO Stock Holdings Raised by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC boosted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 1,578.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 101,855 shares of the company’s stock after purchasing an additional 95,785 shares during the period. Credo Technology Group comprises approximately 2.6% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its largest position. Lisanti Capital Growth LLC’s holdings in Credo Technology Group were worth $9,431,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas grew its holdings in shares of Credo Technology Group by 464.4% during the 1st quarter. Teacher Retirement System of Texas now owns 34,987 shares of the company’s stock valued at $1,405,000 after purchasing an additional 28,788 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Credo Technology Group during the first quarter valued at about $548,000. Allworth Financial LP increased its holdings in shares of Credo Technology Group by 216.8% in the first quarter. Allworth Financial LP now owns 2,807 shares of the company’s stock worth $119,000 after buying an additional 1,921 shares during the period. Xponance Inc. increased its holdings in shares of Credo Technology Group by 9.2% in the first quarter. Xponance Inc. now owns 11,165 shares of the company’s stock worth $448,000 after buying an additional 937 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Credo Technology Group by 20.8% in the 1st quarter. Mutual of America Capital Management LLC now owns 96,651 shares of the company’s stock valued at $3,882,000 after acquiring an additional 16,664 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 18,016 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $171.23, for a total value of $3,084,879.68. Following the sale, the chief executive officer owned 319,907 shares in the company, valued at approximately $54,777,675.61. This represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Yat Tung Lam sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $169.27, for a total transaction of $13,541,600.00. Following the transaction, the chief operating officer directly owned 770,000 shares of the company’s stock, valued at $130,337,900. This represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 973,161 shares of company stock worth $149,011,579. 11.84% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CRDO. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Credo Technology Group from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Cowen reissued a “buy” rating on shares of Credo Technology Group in a research report on Thursday, September 4th. Needham & Company LLC upped their price objective on shares of Credo Technology Group from $85.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Finally, William Blair initiated coverage on Credo Technology Group in a research note on Thursday, September 18th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Credo Technology Group currently has an average rating of “Moderate Buy” and an average price target of $140.36.

Credo Technology Group Stock Performance

CRDO stock opened at $163.61 on Friday. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $193.50. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 244.19 and a beta of 2.62. The business’s 50 day moving average price is $151.97 and its two-hundred day moving average price is $108.53.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. The company’s revenue for the quarter was up 273.6% compared to the same quarter last year. 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. Sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

About Credo Technology Group

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.