IPG Investment Advisors LLC Buys New Shares in Credo Technology Group Holding Ltd. $CRDO

IPG Investment Advisors LLC purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,318 shares of the company’s stock, valued at approximately $3,078,000.

Other hedge funds also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Credo Technology Group in the 2nd quarter valued at about $27,000. Reflection Asset Management purchased a new stake in shares of Credo Technology Group during the fourth quarter worth approximately $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group in the fourth quarter valued at approximately $25,000. Van ECK Associates Corp acquired a new stake in Credo Technology Group in the fourth quarter valued at approximately $37,000. Finally, Quarry LP lifted its stake in Credo Technology Group by 642.5% in the third quarter. Quarry LP now owns 297 shares of the company’s stock worth $43,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Stock Up 0.1%

Shares of NASDAQ CRDO opened at $167.92 on Thursday. The stock has a market cap of $31.56 billion, a PE ratio of 59.76, a price-to-earnings-growth ratio of 0.67 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The business has a 50-day moving average price of $224.88 and a 200 day moving average price of $190.34.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The company had revenue of $479.00 million for the quarter, compared to analyst estimates of $473.30 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was up 114.7% compared to the same quarter last year. Sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Insider Transactions at Credo Technology Group

In other news, CTO Chi Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00. Following the transaction, the chief technology officer directly owned 5,882,370 shares of the company’s stock, valued at $1,429,768,852.20. The trade was a 0.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel Fleming sold 7,580 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $245.88, for a total transaction of $1,863,770.40. Following the completion of the sale, the chief financial officer owned 504,708 shares of the company’s stock, valued at approximately $124,097,603.04. This trade represents a 1.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 313,074 shares of company stock worth $71,827,816. Insiders own 9.06% of the company’s stock.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Analysts remain bullish after the selloff. Coverage argues that Credo’s recent decline may be disconnected from its fundamentals, with some analysts maintaining price targets above $300 and describing the shares as a potential buying opportunity. The Credo Selloff Could Be a Huge Buying Opportunity: Analysts Still See $300+
• Positive Sentiment: AI data-center demand continues to support growth. Credo is benefiting from strong demand for active electrical cables, record Retimer sales and expanding optical products. Management’s outlook calls for approximately 85% year-over-year revenue growth in fiscal 2027, including more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
• Positive Sentiment: Recent results exceeded expectations. Revenue reached $479 million, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The quarter represented another consecutive earnings beat and continued triple-digit growth. Credo Q1 2027 Earnings Call Transcript
• Positive Sentiment: Product expansion could increase Credo’s long-term market opportunity. The DustPhotonics acquisition, ZeroFlap Optics, silicon photonics, optical DSPs and PILOT telemetry broaden the company’s data-center connectivity offerings and could support future margin expansion. Credo Market Is Mispricing a $1 Trillion AI Infrastructure Catalyst
• Neutral Sentiment: Investors are weighing exceptional growth against execution risk. Analysts generally favor buying the pullback rather than chasing the stock, citing acquisition integration, valuation and the need for sustained AI-related demand. Credo: Buy the AI Connectivity Pullback, But Do Not Chase Blindly
• Negative Sentiment: Margin and cash-flow concerns are weighing on sentiment. The market appears to be interpreting GAAP margin compression and working-capital expansion as potential signs of near-term pressure, even though management and bullish analysts expect longer-term non-GAAP margin improvement. Credo’s high earnings multiple also leaves less room for disappointing guidance.

Analyst Upgrades and Downgrades

CRDO has been the subject of several analyst reports. Roth Capital boosted their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Mizuho boosted their target price on shares of Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their target price on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Finally, Rosenblatt Securities lifted their price target on Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $267.39.

Credo Technology Group Profile

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.