Corient Private Wealth LP Has $1.98 Million Stock Position in Credo Technology Group Holding Ltd. $CRDO

Corient Private Wealth LP boosted its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 190.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,622 shares of the company’s stock after buying an additional 4,998 shares during the quarter. Corient Private Wealth LP’s holdings in Credo Technology Group were worth $1,981,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Reflection Asset Management bought a new position in shares of Credo Technology Group in the 4th quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new stake in shares of Credo Technology Group during the fourth quarter worth approximately $25,000. AlphaCentric Advisors LLC acquired a new position in Credo Technology Group in the first quarter valued at approximately $33,000. Van ECK Associates Corp acquired a new position in Credo Technology Group in the fourth quarter valued at approximately $37,000. Finally, Western Wealth Management LLC acquired a new position in Credo Technology Group in the first quarter valued at approximately $38,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,473 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the sale, the chief technology officer owned 5,772,397 shares of the company’s stock, valued at approximately $1,209,490,343.41. This trade represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Tung Lam sold 55,441 shares of Credo Technology Group stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $213.02, for a total value of $11,810,041.82. Following the transaction, the chief operating officer owned 2,529,169 shares in the company, valued at approximately $538,763,580.38. This represents a 2.15% decrease in their ownership of the stock. 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. Insiders sold a total of 435,076 shares of company stock worth $101,043,506 in the last quarter. Corporate insiders own 9.06% of the company’s stock.

Credo Technology Group Stock Performance

Shares of NASDAQ CRDO opened at $165.22 on Thursday. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The stock has a market cap of $31.05 billion, a P/E ratio of 58.80, a P/E/G ratio of 0.93 and a beta of 3.22. The firm has a 50 day moving average price of $233.75 and a 200 day moving average price of $188.83.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $479.00 million for the quarter, compared to analyst estimates of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 32.91%. The business’s revenue for the quarter was up 114.7% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Analysts predict that Credo Technology Group Holding Ltd. will post 4.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRDO has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Bank of America cut their price target on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday. Rosenblatt Securities raised their price target on Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $250.00 price objective on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Finally, TD Cowen upped their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $267.39.

More Credo Technology Group News

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

• Positive Sentiment: Credo reported fiscal first-quarter earnings of $1.20 per share versus the $1.17 consensus estimate, while revenue reached $479 million, ahead of the $473.3 million forecast and up 114.7% year over year. Credo Q1 earnings and revenue beat estimates
• Positive Sentiment: Management guided fiscal second-quarter revenue to $525 million-$535 million, above the roughly $513.8 million analyst estimate, indicating continued demand for AI data-center connectivity products. Credo Q2 revenue guidance
• Positive Sentiment: Optical products are emerging as a key growth driver, with fiscal 2027 optical revenue expected to exceed $600 million as active electrical cables continue expanding. Credo optics growth highlights
• Positive Sentiment: Credo’s Toucan Gen6x16 PCIe retimer achieved PCIe 6.x compliance, supporting its positioning in next-generation artificial-intelligence and high-performance-computing infrastructure. Credo PCIe 6.x compliance

About Credo Technology Group

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.