Walser Wealth Management Company A Ltd Liability Co Purchases New Position in Credo Technology Group Holding Ltd. $CRDO

Walser Wealth Management Company A Ltd Liability Co acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,410 shares of the company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRDO. Northwestern Mutual Wealth Management Co. grew its position in Credo Technology Group by 16.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after acquiring an additional 77 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Credo Technology Group by 1.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after purchasing an additional 91 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in shares of Credo Technology Group by 2.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock valued at $741,000 after purchasing an additional 100 shares during the last quarter. Spirepoint Private Client LLC lifted its stake in shares of Credo Technology Group by 6.6% in the 4th quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company’s stock valued at $243,000 after purchasing an additional 105 shares during the last quarter. Finally, Crewe Advisors LLC boosted 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 worth $25,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Price Performance

Shares of CRDO opened at $246.40 on Wednesday. The company has a market capitalization of $45.95 billion, a PE ratio of 99.35, a price-to-earnings-growth ratio of 1.21 and a beta of 3.20. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The company’s fifty day moving average price is $223.55 and its 200 day moving average price is $162.25.

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

Insider Activity

In other Credo Technology Group news, Director Fariba Danesh sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $236.34, for a total value of $259,974.00. Following the sale, the director owned 7,017 shares of the company’s stock, valued at $1,658,397.78. This trade represents a 13.55% decrease in their position. 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 Credo Technology Group stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $269.84, for a total value of $7,420,600.00. Following the completion of the transaction, the chief technology officer directly owned 5,909,870 shares in the company, valued at approximately $1,594,719,320.80. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 363,372 shares of company stock worth $76,926,125 over the last 90 days. Company insiders own 11.84% of the company’s stock.

Credo Technology Group News Roundup

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

• Positive Sentiment: CRDO was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing a bullish analyst view and potentially attracting momentum investors.
• Positive Sentiment: Several articles highlighted Credo as an AI revenue accelerator, citing strong sales growth, buy ratings, and its role in the semiconductor supply chain serving AI infrastructure.
• Positive Sentiment: Commentary also pointed to Credo’s retimer business gaining traction, with demand for 100G and 200G-per-lane solutions supported by AI networking needs and design wins.
• Positive Sentiment: One Seeking Alpha piece said Credo scored a “major win” from Nvidia’s delay, suggesting a competitive timing advantage that could boost near-term business prospects.
• Positive Sentiment: MarketBeat and other coverage framed Credo as an overlooked AI hardware stock with outsized growth, while a separate article noted BlackRock’s sizable stake and recent Bank of America target-price increase, adding to investor confidence.
• Neutral Sentiment: Some articles were comparative, pitting Credo against Marvell Technology or discussing whether it is a better AI/connectivity stock in 2026, which is informative but not directly catalytic.
• Negative Sentiment: One Seeking Alpha article argued “Q3 Won’t Be As Kind,” indicating some concern that upcoming results or near-term momentum could be less favorable than recent quarters.

Wall Street Analyst Weigh In

Several research firms have commented on CRDO. Weiss Ratings raised shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. TD Cowen upped their price target on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Roth Capital increased their price objective on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Susquehanna raised their price objective on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Tuesday, June 2nd. Finally, Mizuho boosted their target price on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $263.11.

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.