Kercheville Advisors LLC Makes New $1.49 Million Investment in Credo Technology Group Holding Ltd. $CRDO

Kercheville Advisors LLC purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,075 shares of the company’s stock, valued at approximately $1,488,000.

A number of other large investors have also recently bought and sold shares of CRDO. GAMMA Investing LLC boosted its position in Credo Technology Group by 8,072.2% during the 1st quarter. GAMMA Investing LLC now owns 79,597 shares of the company’s stock worth $3,197,000 after acquiring an additional 78,623 shares during the last quarter. Rhumbline Advisers boosted its position in Credo Technology Group by 4.9% during the 1st quarter. Rhumbline Advisers now owns 205,046 shares of the company’s stock worth $8,235,000 after acquiring an additional 9,615 shares during the last quarter. Kraematon Investment Advisors Inc. acquired a new position in Credo Technology Group during the 1st quarter worth approximately $389,000. Harbor Capital Advisors Inc. acquired a new position in Credo Technology Group during the 1st quarter worth approximately $1,759,000. Finally, Handelsbanken Fonder AB boosted its position in Credo Technology Group by 7.3% during the 1st quarter. Handelsbanken Fonder AB now owns 35,400 shares of the company’s stock worth $1,422,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CRDO has been the subject of a number of recent research reports. Mizuho upped their price target on Credo Technology Group from $135.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, September 4th. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 8th. Wall Street Zen raised Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. William Blair started coverage on Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus set a $160.00 price objective on Credo Technology Group in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $128.55.

Credo Technology Group Stock Performance

Shares of NASDAQ CRDO opened at $143.87 on Friday. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $176.70. The stock has a market capitalization of $24.89 billion, a P/E ratio of 214.73 and a beta of 2.60. The stock’s fifty day moving average is $133.21 and its 200 day moving average is $88.37.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $223.07 million during the quarter, compared to the consensus estimate of $190.63 million. During the same quarter in the previous year, the business posted $0.04 EPS. The firm’s revenue for the quarter was up 273.6% on a year-over-year basis. Credo Technology Group has set its Q2 2026 guidance at EPS. Equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO William Joseph Brennan sold 150,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $106.87, for a total value of $16,030,500.00. Following the sale, the chief executive officer directly owned 2,061,978 shares of the company’s stock, valued at $220,363,588.86. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Yat Tung Lam sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $143.53, for a total value of $11,482,400.00. Following the completion of the sale, the chief operating officer directly owned 920,000 shares in the company, valued at $132,047,600. This trade represents a 8.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 878,915 shares of company stock worth $111,449,895. Company insiders own 11.84% of the company’s stock.

Credo Technology Group 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.