Himension Capital Singapore PTE. LTD. Makes New Investment in Credo Technology Group Holding Ltd. $CRDO

Himension Capital Singapore PTE. LTD. acquired a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,721 shares of the company’s stock, valued at approximately $1,006,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC grew its position in shares of Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after buying an additional 106 shares during the period. Reflection Asset Management purchased a new position in Credo Technology Group during the 4th quarter valued at about $25,000. Acumen Wealth Advisors LLC purchased a new position in Credo Technology Group during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new stake in Credo Technology Group during the fourth quarter worth about $32,000. Finally, AlphaCentric Advisors LLC bought a new stake in Credo Technology Group during the first quarter worth about $33,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

CRDO has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on shares of Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Susquehanna lifted their target price on shares of Credo Technology Group from $235.00 to $250.00 and gave the company a “positive” rating in a report on Tuesday. TD Cowen boosted their price target on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus upped their price target on Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. Finally, Barclays raised their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday. Two research 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $266.17.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Analysts and market commentators continue to highlight Credo’s exposure to AI infrastructure, especially its active electrical cables and SerDes retimers used to connect GPU racks in hyperscale data centers. Price Prediction: Credo Stock Will Trade at This Price in 2027
• Positive Sentiment: Investor letters and commentary point to Credo benefiting from increasing connectivity demand, reinforcing the idea that the company is well positioned in AI networking and optical infrastructure. Credo Technology Gains from Increasing Connectivity Challenge
• Positive Sentiment: Several recent articles frame CRDO as a semiconductor supply-chain stock worth buying on the dip, citing demand for AI chip testing, packaging, and high-speed connectivity as potential support for a recovery. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: One recent write-up noted the stock’s sharp short-term pullback, but also argued that the sell-off may be an opportunity if Credo can sustain its revenue growth and AI networking momentum. Price Prediction: Credo Stock Will Trade at This Price in 2027
• Negative Sentiment: Broader semiconductor coverage suggests that strong AI-related gains across the sector may leave limited upside near term, which could temper enthusiasm if valuation remains rich. Barclays upgrades Lumentum, cuts Allegro, Penguin before chip earnings

Insider Activity

In other news, Director Fariba Danesh sold 1,100 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $236.34, for a total transaction of $259,974.00. Following the sale, the director owned 7,017 shares in the company, valued at $1,658,397.78. This represents a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Chi Fung Cheng sold 3,790 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $258.71, for a total transaction of $980,510.90. Following the sale, the chief technology officer directly owned 140,358 shares of the company’s stock, valued at $36,312,018.18. This trade represents a 2.63% 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. In the last ninety days, insiders have sold 302,162 shares of company stock worth $70,897,646. Corporate insiders own 11.84% of the company’s stock.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $223.87 on Wednesday. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The firm’s 50-day moving average is $232.65 and its 200 day moving average is $168.33. The stock has a market cap of $41.75 billion, a price-to-earnings ratio of 90.27, a PEG ratio of 0.97 and a beta of 3.20.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. Credo Technology Group’s revenue was up 157.0% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

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.