Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 60.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,781 shares of the company’s stock after buying an additional 5,189 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Credo Technology Group were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Apollon Wealth Management LLC acquired a new stake in shares of Credo Technology Group during the second quarter worth $742,000. Bernard Wealth Management Corp. acquired a new stake in shares of Credo Technology Group during the second quarter worth $93,000. Blue Trust Inc. raised its holdings in shares of Credo Technology Group by 3.9% during the second quarter. Blue Trust Inc. now owns 4,108 shares of the company’s stock worth $380,000 after purchasing an additional 154 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of Credo Technology Group during the second quarter worth $428,000. Finally, US Bancorp DE raised its holdings in shares of Credo Technology Group by 61.7% during the second quarter. US Bancorp DE now owns 6,422 shares of the company’s stock worth $595,000 after purchasing an additional 2,451 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Manpreet Khaira sold 5,000 shares of Credo Technology Group stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $149.67, for a total value of $748,350.00. Following the sale, the director owned 58,574 shares in the company, valued at $8,766,770.58. This trade represents a 7.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel W. Fleming sold 112,580 shares of Credo Technology Group stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $138.20, for a total transaction of $15,558,556.00. Following the completion of the sale, the chief financial officer owned 458,678 shares in the company, valued at approximately $63,389,299.60. This trade represents a 19.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,006,589 shares of company stock valued at $135,192,863. 11.84% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Stifel Nicolaus set a $160.00 target price on shares of Credo Technology Group in a report on Wednesday, October 1st. Susquehanna raised their target price on shares of Credo Technology Group from $115.00 to $165.00 and gave the stock a “positive” rating in a report on Thursday, September 4th. Needham & Company LLC raised their target price on shares of Credo Technology Group from $85.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Wednesday, October 8th. Finally, Roth Capital reissued a “buy” rating and set a $170.00 target price on shares of Credo Technology Group in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $131.58.

Credo Technology Group Stock Performance

CRDO 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 company has a fifty day moving average of $138.80 and a two-hundred day moving average of $95.10. The stock has a market capitalization of $24.84 billion, a price-to-earnings ratio of 214.34 and a beta of 2.60.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data 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 net margin of 20.85% and a return on equity of 19.02%. The firm had revenue of $223.07 million during the quarter, compared to analysts’ expectations of $190.63 million. During the same period in the previous year, the firm posted $0.04 EPS. The firm’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, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

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.