Creative Planning Purchases 45,144 Shares of Credo Technology Group Holding Ltd. $CRDO

Creative Planning grew its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 161.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 73,091 shares of the company’s stock after buying an additional 45,144 shares during the period. Creative Planning’s holdings in Credo Technology Group were worth $6,767,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Thompson Davis & CO. Inc. bought a new position in Credo Technology Group in the second quarter valued at about $382,000. Calamos Advisors LLC lifted its position in Credo Technology Group by 159.2% during the 2nd quarter. Calamos Advisors LLC now owns 45,022 shares of the company’s stock valued at $4,169,000 after purchasing an additional 27,653 shares during the period. Hudock Inc. boosted its stake in shares of Credo Technology Group by 11.5% in the 2nd quarter. Hudock Inc. now owns 6,919 shares of the company’s stock valued at $641,000 after purchasing an additional 716 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Credo Technology Group by 8.2% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 33,113 shares of the company’s stock worth $3,066,000 after buying an additional 2,498 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Credo Technology Group by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock worth $334,740,000 after buying an additional 163,305 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CRDO. William Blair started coverage on shares of Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating on the stock. Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Thursday, September 4th. Susquehanna raised their price target on Credo Technology Group from $165.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Roth Capital reiterated a “buy” rating and issued a $170.00 price objective on shares of Credo Technology Group in a report on Tuesday, September 30th. Finally, Wall Street Zen raised Credo Technology Group from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Credo Technology Group presently has a consensus rating of “Moderate Buy” and an average target price of $140.36.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $163.98, for a total value of $9,018,900.00. Following the transaction, the chief technology officer owned 6,998,961 shares of the company’s stock, valued at approximately $1,147,689,624.78. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Yat Tung Lam sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $143.53, for a total transaction of $11,482,400.00. Following the completion of the transaction, the chief operating officer owned 920,000 shares of the company’s stock, valued at $132,047,600. This trade represents a 8.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 973,161 shares of company stock worth $149,011,579. 11.84% of the stock is owned by company insiders.

Credo Technology Group Stock Up 1.7%

CRDO opened at $141.88 on Thursday. The stock has a market cap of $24.55 billion, a P/E ratio of 211.76 and a beta of 2.62. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $193.50. The company has a fifty day simple moving average of $153.91 and a 200 day simple moving average of $114.51.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The business had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The business’s revenue was up 273.6% on a year-over-year basis. Credo Technology Group has set its Q2 2026 guidance at EPS. On average, equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.