Credo Technology Group Holding Ltd. $CRDO Holdings Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 1,966.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,487 shares of the company’s stock after acquiring an additional 9,028 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Credo Technology Group were worth $2,580,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group during the fourth quarter valued at approximately $25,000. Reflection Asset Management acquired a new stake in Credo Technology Group in the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new position in Credo Technology Group during the 2nd quarter valued at $27,000. AlphaCentric Advisors LLC acquired a new position in shares of Credo Technology Group during the 1st quarter valued at $33,000. Finally, Van ECK Associates Corp acquired a new position in shares of Credo Technology Group during the 4th quarter valued at $37,000. 80.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRDO. 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. Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Susquehanna boosted their price target on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Roth Capital upped their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 target price on shares of Credo Technology Group in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Credo Technology Group has a consensus rating of “Moderate Buy” and an average price target of $267.39.

More Credo Technology Group News

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

• Positive Sentiment: Credo reported revenue of $479 million, up 115% year over year, while adjusted EPS of $1.20 exceeded the $1.17 consensus estimate. Management expects fiscal-year revenue growth of more than 85%, with optical revenue surpassing $600 million as a second growth engine develops. Why I Doubled Down On Credo
• Positive Sentiment: Bullish analysts argue that the market’s margin fears are overstated and that the optical business should scale meaningfully in the second half of fiscal 2027. DustPhotonics also expands Credo’s opportunities in silicon photonics, 800G, 1.6T and near-package optics. Credo And The Illusion Of Its Q1 Problems
• Positive Sentiment: Stifel Nicolaus reiterated a Buy view, while Rosenblatt raised its price target to $235, supporting the case that the recent valuation reset may have been excessive. Stifel Buy Rating
• Neutral Sentiment: Analysts remain divided. Bank of America lowered its price target to $275, while other analysts maintain bullish ratings, reflecting uncertainty over how quickly optical products will ramp and whether margins can stabilize. Bank of America Price Target
• Negative Sentiment: Bears point to shrinking gross margins, rising operating costs, approximately $88 million in quarterly stock-based compensation, insider selling and customer concentration exceeding 60% of revenue. They also question the durability of the optical outlook, competition from Marvell and the risk of slower hyperscaler capital spending after fiscal 2028. Credo: This Is Not A Buying Opportunity

Credo Technology Group Stock Up 3.9%

Shares of NASDAQ CRDO opened at $170.57 on Friday. Credo Technology Group Holding Ltd. has a 12 month low of $86.49 and a 12 month high of $308.67. The company has a market cap of $32.06 billion, a price-to-earnings ratio of 60.70, a P/E/G ratio of 0.67 and a beta of 3.22. The business has a fifty day simple moving average of $230.31 and a 200-day simple moving average of $189.00.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.Credo Technology Group’s revenue was up 114.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. As a group, sell-side analysts expect that Credo Technology Group Holding Ltd. will post 4.93 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Chi Cheng sold 27,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $259.53, for a total value of $7,137,075.00. Following the completion of the sale, the chief technology officer owned 5,992,370 shares in the company, valued at approximately $1,555,199,786.10. This represents a 0.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Yat Lam sold 55,441 shares of the firm’s 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 completion of the transaction, the chief operating officer directly owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This represents a 2.15% decrease in their position. 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 377,884 shares of company stock worth $88,559,765 over the last ninety days. 9.06% of the stock is currently owned by company insiders.

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.