GW&K Investment Management LLC Raises Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

GW&K Investment Management LLC lifted its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 99.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,678 shares of the company’s stock after buying an additional 200,494 shares during the quarter. GW&K Investment Management LLC’s holdings in Credo Technology Group were worth $57,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC raised its stake in Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Credo Technology Group in the fourth quarter worth $32,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Credo Technology Group during the 4th quarter valued at $36,000. Smartleaf Asset Management LLC boosted its holdings in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after buying an additional 147 shares during the period. Finally, Quarry LP boosted its holdings in Credo Technology Group by 642.5% in the 3rd quarter. Quarry LP now owns 297 shares of the company’s stock worth $43,000 after buying an additional 257 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Price Performance

Shares of CRDO stock opened at $234.32 on Wednesday. The company has a market cap of $43.22 billion, a PE ratio of 94.48, a price-to-earnings-growth ratio of 1.44 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 1 year low of $66.75 and a 1 year high of $252.70. The stock’s 50 day simple moving average is $174.95 and its two-hundred day simple moving average is $148.44.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The firm had revenue of $437.00 million during the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The company’s quarterly revenue was up 157.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. Equities research analysts expect that Credo Technology Group Holding Ltd. will post 3.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CRDO shares. Rothschild & Co Redburn began coverage on Credo Technology Group in a report on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Rosenblatt Securities increased their target price on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group lifted their target price on Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $248.41.

Insider Buying and Selling at Credo Technology Group

In other news, CEO William Joseph Brennan sold 54,984 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $218.57, for a total value of $12,017,852.88. Following the completion of the sale, the chief executive officer owned 367,327 shares in the company, valued at approximately $80,286,662.39. This trade represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $103.19, for a total transaction of $2,837,725.00. Following the completion of the sale, the chief technology officer owned 6,162,370 shares of the company’s stock, valued at $635,894,960.30. This trade represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 348,284 shares of company stock valued at $51,616,969 over the last ninety days. 11.84% of the stock is owned by insiders.

More Credo Technology Group News

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Traders bought more call options than usual, signaling bullish expectations for further upside in Credo Technology Group.
• Positive Sentiment: Recent commentary noted that CRDO has surged about 78% in three months, reflecting strong AI-driven demand and continued investor enthusiasm for the stock. Credo Stock Surges 78% in 3 Months: Is It Still a Buying Opportunity?
• Positive Sentiment: Another analysis said Credo remains one of the standout semiconductor names, outperforming the broader industry, sector, and the S&P 500 over the last quarter. Credo Stock Surges 78% in 3 Months: Is It Still a Buying Opportunity?
• Neutral Sentiment: A market wrap-up article mentioned Credo as one of the stocks advancing during Tuesday’s session, but the main driver was broader market volatility rather than company-specific news. Stock Market Today: Nasdaq Ends Off Steeper Loss, Dow Rises After Downturn; Credo Technology Advances
• Neutral Sentiment: Insider selling by the CEO and a director may be weighing on sentiment somewhat, but these sales were relatively routine and do not necessarily signal a change in fundamentals.

Credo Technology Group Company 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.