Berkshire Capital Holdings Inc. Boosts Holdings in Credo Technology Group Holding Ltd. $CRDO

Berkshire Capital Holdings Inc. lifted its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 693,700.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,380 shares of the company’s stock after purchasing an additional 69,370 shares during the period. Credo Technology Group comprises 4.1% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 12th largest position. Berkshire Capital Holdings Inc.’s holdings in Credo Technology Group were worth $18,868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Reflection Asset Management acquired a new stake in Credo Technology Group during the 4th quarter valued at $25,000. Acumen Wealth Advisors LLC purchased a new stake in Credo Technology Group during the 4th quarter worth $25,000. AlphaCentric Advisors LLC acquired a new position in Credo Technology Group in the 1st quarter worth $33,000. Van ECK Associates Corp acquired a new position in Credo Technology Group in the 4th quarter worth $37,000. Finally, Western Wealth Management LLC purchased a new position in Credo Technology Group in the 1st quarter valued at about $38,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group Price Performance

Shares of CRDO stock opened at $226.49 on Thursday. The firm has a market cap of $42.24 billion, a P/E ratio of 91.33, a P/E/G ratio of 1.04 and a beta of 3.23. Credo Technology Group Holding Ltd. has a 1-year low of $86.49 and a 1-year high of $308.67. The firm has a fifty day moving average of $240.05 and a two-hundred day moving average of $185.65.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. During the same quarter in the prior year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 157.0% on a year-over-year basis. On average, sell-side analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, COO Yat Tung Lam sold 55,441 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the transaction, the chief operating officer owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was 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 in the company, valued at approximately $1,429,768,852.20. This represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 435,076 shares of company stock valued at $101,043,506 over the last ninety days. 11.84% of the stock is currently owned by company insiders.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Potential Bloomberg 500 inclusion could support demand. Bloomberg Indices announced changes to the B500 index effective September 10. If Credo is among the ten securities being added, index-tracking funds could create incremental buying demand and improve the stock’s visibility. Bloomberg 500 Index Reconstitution
• Positive Sentiment: Strong operating momentum continues to attract investors. Credo’s latest reported quarter showed revenue growth of 157% year over year, with earnings and revenue exceeding consensus estimates. Its semiconductor connectivity products remain linked to demand for data-center and artificial-intelligence infrastructure. Credo Technology Group Investor Attention
• Neutral Sentiment: Upcoming quarterly results are the next major catalyst. Credo was expected to announce quarterly earnings on Tuesday, placing near-term emphasis on revenue growth, margins, and management’s outlook for connectivity demand. Credo Expected Earnings Announcement
• Neutral Sentiment: Analyst views remain mixed. Rosenblatt Securities reiterated a “Neutral” rating, while other analyst commentary compares Credo with Marvell and highlights differing views on the technology sector. Rosenblatt Neutral Rating
• Negative Sentiment: Valuation leaves little room for execution disappointments. One analysis argues that investors are paying a premium for Credo despite competitive and execution risks. With the stock trading at a high earnings multiple, any slowdown in growth or weaker guidance could pressure shares. Credo Valuation Analysis

Analyst Ratings Changes

CRDO has been the subject of several recent analyst reports. Mizuho raised their target price on Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target for the company. Needham & Company LLC raised their price objective on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, Wall Street Zen downgraded Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given 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 $268.39.

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.