American Century Companies Inc. reduced its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 918,326 shares of the company's stock after selling 101,484 shares during the period. American Century Companies Inc. owned about 0.54% of Credo Technology Group worth $36,880,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of CRDO. Larson Financial Group LLC boosted its stake in shares of Credo Technology Group by 21.5% during the 1st quarter. Larson Financial Group LLC now owns 1,386 shares of the company's stock worth $56,000 after acquiring an additional 245 shares in the last quarter. Operose Advisors LLC boosted its stake in shares of Credo Technology Group by 69.2% during the 1st quarter. Operose Advisors LLC now owns 616 shares of the company's stock worth $25,000 after acquiring an additional 252 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Credo Technology Group by 3.1% during the 1st quarter. Calamos Advisors LLC now owns 17,369 shares of the company's stock worth $698,000 after acquiring an additional 529 shares in the last quarter. KBC Group NV lifted its position in shares of Credo Technology Group by 11.7% during the 1st quarter. KBC Group NV now owns 6,324 shares of the company's stock worth $254,000 after purchasing an additional 663 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Credo Technology Group during the 1st quarter worth about $27,000. 80.46% of the stock is owned by institutional investors and hedge funds.
Credo Technology Group Stock Performance
NASDAQ CRDO traded up $3.18 during trading on Friday, reaching $114.04. 4,811,275 shares of the company traded hands, compared to its average volume of 3,977,071. The stock's 50 day moving average price is $101.64 and its two-hundred day moving average price is $70.26. The company has a market cap of $19.57 billion, a price-to-earnings ratio of 422.37, a P/E/G ratio of 2.05 and a beta of 2.59. Credo Technology Group Holding Ltd. has a 1-year low of $24.08 and a 1-year high of $128.56.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.08. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $159.59 million. Credo Technology Group had a return on equity of 8.77% and a net margin of 11.95%.The company's quarterly revenue was up 179.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. Credo Technology Group has set its Q1 2026 guidance at EPS. Equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on CRDO shares. Wall Street Zen raised Credo Technology Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. TD Cowen boosted their price objective on Credo Technology Group from $85.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Roth Capital set a $95.00 price objective on Credo Technology Group and gave the stock a "buy" rating in a research report on Friday, June 13th. Stifel Nicolaus boosted their price objective on Credo Technology Group from $80.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Needham & Company LLC boosted their price objective on Credo Technology Group from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $91.27.
View Our Latest Stock Report on Credo Technology Group
Insider Activity at Credo Technology Group
In related news, CFO Daniel W. Fleming sold 3,790 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $97.29, for a total value of $368,729.10. Following the completion of the sale, the chief financial officer owned 582,428 shares of the company's stock, valued at $56,664,420.12. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pantas Sutardja sold 1,875 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $107.00, for a total transaction of $200,625.00. Following the completion of the sale, the director directly owned 5,898,652 shares of the company's stock, valued at approximately $631,155,764. This represents a 0.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,274,583 shares of company stock worth $113,118,257. 16.04% of the stock is currently owned by company insiders.
About Credo Technology Group
(
Free Report)
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.
Featured Articles

Before you consider Credo Technology Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credo Technology Group wasn't on the list.
While Credo Technology Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.