Credo Technology Group Holding Ltd. $CRDO Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 232.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,837 shares of the company’s stock after acquiring an additional 16,667 shares during the quarter. SG Americas Securities LLC’s holdings in Credo Technology Group were worth $3,471,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after purchasing an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after buying an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Credo Technology Group by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after buying an additional 7,107 shares during the last quarter. Strs Ohio acquired a new stake in Credo Technology Group in the first quarter valued at $1,108,000. Finally, Voya Investment Management LLC raised its holdings in Credo Technology Group by 233.5% in the first quarter. Voya Investment Management LLC now owns 138,516 shares of the company’s stock valued at $5,563,000 after acquiring an additional 96,985 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Performance

Shares of CRDO opened at $156.07 on Tuesday. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $213.80. The stock’s fifty day moving average is $153.79 and its 200-day moving average is $137.61. The firm has a market capitalization of $28.19 billion, a price-to-earnings ratio of 136.90 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. During the same quarter in the prior year, the firm posted $0.07 EPS. Credo Technology Group’s revenue was up 272.1% compared to the same quarter last year. Analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Positive momentum stories from retail/financial press that can attract buying interest — recent pieces highlight CRDO as a top momentum pick, increasing visibility among momentum traders and retail investors. Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd. (CRDO) is a Great Choice
• Positive Sentiment: Additional bullish write-up from Zacks reinforcing the momentum narrative; such analyst/coverage pieces often boost short-term demand and can amplify moves after strong recent earnings. Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd.
• Positive Sentiment: Follow-up coverage noting a recent price gain increases attention and may trigger additional buying from momentum/short-term traders. Credo Technology Group (NASDAQ:CRDO) Shares Up 6.2% – Should You Buy?
• Neutral Sentiment: Reported short-interest data shows effectively zero short interest (and an anomalous “NaN” change), suggesting little short-seller pressure to fuel squeezes — likely a data/reporting quirk rather than a market driver. (No link available.)
• Negative Sentiment: Insider selling by executives — CTO Chi Fung Cheng sold 30,000 shares (~$4.2M) (SEC Form 4 filed). Large insider sales by senior officers can weigh on sentiment even though insiders still hold large positions. CTO Form 4
• Negative Sentiment: Additional insider sales reported: multiple filings show the CFO sold roughly $597k and $547k, and the CEO sold roughly $1.41M and $1.32M in separate transactions — cumulative insider selling may temper gains. CFO Sells $597,412 CFO Sells $546,865 CEO Sells $1,411,873 CEO Sells $1,322,281

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $156.32, for a total transaction of $8,597,600.00. Following the completion of the transaction, the chief technology officer directly owned 6,668,961 shares of the company’s stock, valued at approximately $1,042,491,983.52. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Yat Tung Lam sold 370,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the completion of the sale, the chief operating officer directly owned 400,000 shares in the company, valued at $61,276,000. This represents a 48.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,088,276 shares of company stock worth $167,068,167 over the last quarter. 11.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on CRDO shares. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. William Blair began coverage on Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. Needham & Company LLC increased their target price on Credo Technology Group from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Mizuho boosted their price target on Credo Technology Group from $165.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. began coverage on Credo Technology Group in a research note on Friday, October 17th. They set an “overweight” rating and a $165.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Credo Technology Group has an average rating of “Buy” and a consensus target price of $217.08.

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.