Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lifted its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 33.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,390 shares of the company’s stock after buying an additional 4,077 shares during the period. Kestra Private Wealth Services LLC’s holdings in Credo Technology Group were worth $2,358,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Credo Technology Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock worth $2,386,449,000 after buying an additional 59,849 shares during the period. JPMorgan Chase & Co. grew its holdings in Credo Technology Group by 18.3% during the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock worth $1,121,118,000 after acquiring an additional 1,190,522 shares during the period. Alliancebernstein L.P. grew its stake in shares of Credo Technology Group by 66.0% during the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after purchasing an additional 1,218,504 shares during the period. Bank of America Corp DE grew its position in Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after buying an additional 1,406,752 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Credo Technology Group by 47.8% in the 3rd quarter. Wellington Management Group LLP now owns 1,624,690 shares of the company’s stock worth $236,571,000 after acquiring an additional 525,585 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRDO. Craig Hallum reissued a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a research note on Tuesday, March 3rd. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Jefferies Financial Group began coverage on Credo Technology Group in a report on Monday, April 13th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, Roth Mkm cut their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.81.

Credo Technology Group Price Performance

CRDO stock opened at $174.01 on Friday. The firm has a market cap of $32.10 billion, a price-to-earnings ratio of 96.67 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 1-year low of $45.15 and a 1-year high of $213.80. The firm has a fifty day moving average price of $125.98 and a two-hundred day moving average price of $139.49.

Credo Technology Group (NASDAQ:CRDO) last issued 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 firm had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. Credo Technology Group’s revenue was up 201.5% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. As a group, analysts expect that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Credo Technology Group news, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the sale, the chief executive officer owned 222,311 shares of the company’s stock, valued at $22,553,450.95. The trade was a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Laufman sold 10,000 shares of Credo Technology Group stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $164.41, for a total transaction of $1,644,100.00. Following the sale, the insider owned 198,609 shares in the company, valued at approximately $32,653,305.69. This represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 359,108 shares of company stock worth $45,449,126. 11.84% of the stock is owned by company insiders.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Industry AI capex tailwinds should boost demand for Credo’s high‑speed connectivity products as Big Tech increases data‑center spending, supporting longer‑term revenue growth. Big Techs Assure Lasting AI Frenzy – Which Stocks Will Gain?
• Positive Sentiment: Analyst/market pieces continue to single out Credo as an AI‑infrastructure beneficiary (momentum screens and “buy” lists), reinforcing investor interest in the stock as part of the connectivity layer play. Buy 3 Momentum Anomaly Stocks as Stalled Truce Deal Spurs Volatility
• Positive Sentiment: Coverage pieces point to resolved patent disputes and strengthened IP around Active Electric Cables (AECs), which supports Credo’s pricing power and addressable market inside datacenters. 5 Stocks to Buy in May Before the Next AI Surge Hits
• Neutral Sentiment: Coverage of Credo’s recent rally has drawn broader market curiosity (index/flow effects), which can amplify intraday moves without changing fundamentals. Credo Technology Rally Sparks Nasdaq Index Curiosity
• Neutral Sentiment: Sector news — e.g., grants and capacity builds for competitors in optical/transceiver manufacturing — highlights broader supply‑chain activity but is not specific to Credo’s addressable market. Applied Optoelectronics Awarded $20.9M Texas Innovation Grant
• Negative Sentiment: Insider selling: Credo’s CTO executed multiple planned stock sales (Rule 10b5‑1), a sizable amount in aggregate — the market often reads repeated insider sales into liquidity/lock‑up or diversification motives, which can pressure sentiment. Credo Technology Group Holding Ltd. CTO Chi Fung Cheng insider trades
• Negative Sentiment: Valuation/technicals: after a very large rally this year, some price‑target analyses flag limited near‑term upside (and call the move extended), which can trigger profit‑taking and analyst caution. Credo Price Prediction: After a 285% Rally Where Will The Stock Go Next?

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.