3,113 Shares in Credo Technology Group Holding Ltd. $CRDO Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,113 shares of the company’s stock, valued at approximately $448,000.

A number of other large investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new position in Credo Technology Group in the third quarter valued at $25,000. Crewe Advisors LLC increased its holdings in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after buying an additional 106 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Credo Technology Group in the fourth quarter valued at $32,000. Smallwood Wealth Investment Management LLC purchased a new position in Credo Technology Group in the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC increased its holdings in Credo Technology Group by 133.6% in the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after buying an additional 147 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group Trading Up 5.7%

Shares of CRDO opened at $193.39 on Friday. The firm has a market cap of $35.67 billion, a PE ratio of 107.44 and a beta of 3.17. The company’s 50 day simple moving average is $144.76 and its 200-day simple moving average is $142.53. Credo Technology Group Holding Ltd. has a 12-month low of $59.00 and a 12-month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The business had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The company’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the transaction, the chief executive officer owned 1,782,502 shares of the company’s stock, valued at $209,764,835.36. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.60, for a total value of $3,234,000.00. Following the transaction, the chief technology officer directly owned 6,272,370 shares in the company, valued at approximately $737,630,712. This represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 386,608 shares of company stock worth $50,371,351. Insiders own 11.84% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Credo surged after announcing a partnership with Rebellions to integrate its ZeroFlap cables into RebelPOD, a move aimed at improving efficiency in enterprise AI factories and supporting scalable inference deployments. Article Title
• Positive Sentiment: Zacks Research upgraded Credo from “hold” to “strong-buy,” adding to the bullish sentiment around the name. Article Title
• Positive Sentiment: Several new write-ups highlighted Credo as an attractive AI connectivity stock and one of the semiconductor names with the highest upside potential, with analysts pointing to growth from AEC adoption, new product families, and the company’s $750 million DustPhotonics deal. Article Title
• Positive Sentiment: Broader coverage also framed Credo as a leading beneficiary of the AI boom, which is helping keep momentum strong in the stock. Article Title
• Neutral Sentiment: Credo also announced upcoming investor conference presentations, which can help maintain visibility but does not by itself change the business outlook. Article Title
• Negative Sentiment: Some market commentary warned that the stock’s sharp reversal could be a caution sign, though that view is outweighed today by the stronger bullish AI and analyst-driven narrative. Article Title

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Susquehanna dropped their target price on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday, March 3rd. Rosenblatt Securities increased their price target on shares of Credo Technology Group from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Roth Mkm dropped their price target on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. The Goldman Sachs Group increased their price target on shares of Credo Technology Group from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings lowered shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Credo Technology Group presently has an average rating of “Buy” and a consensus price target of $207.71.

Credo Technology Group 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.