Maytus Capital Management LLC Purchases Shares of 33,000 Credo Technology Group Holding Ltd. $CRDO

Key Points

• Maytus Capital Management opened a new position in Credo Technology Group, buying 33,000 shares valued at about $4.75 million in the fourth quarter.
• Wall Street remains broadly bullish on CRDO, with several firms raising price targets; the stock now carries a consensus rating of Moderate Buy and an average target price of $248.41.
• Credo reported better-than-expected quarterly results, including EPS of $1.16 on revenue of $437 million, while revenue jumped 157% year over year. Despite the strong fundamentals, the stock has seen some insider selling and was trading down on the session highlighted in the article.

Maytus Capital Management LLC purchased a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,000 shares of the company's stock, valued at approximately $4,748,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $80,000 after buying an additional 77 shares during the period. Illinois Municipal Retirement Fund raised its position in shares of Credo Technology Group by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company's stock worth $2,298,000 after purchasing an additional 91 shares during the period. Mark Sheptoff Financial Planning LLC raised its position in shares of Credo Technology Group by 2.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company's stock worth $741,000 after purchasing an additional 100 shares during the period. Spirepoint Private Client LLC raised its position in shares of Credo Technology Group by 6.6% during the fourth quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company's stock worth $243,000 after purchasing an additional 105 shares during the period. Finally, Crewe Advisors LLC raised its position in shares of Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company's stock worth $25,000 after purchasing an additional 106 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRDO. Susquehanna upped their target price on Credo Technology Group from $200.00 to $235.00 and gave the stock a "positive" rating in a research report on Tuesday, June 2nd. Rosenblatt Securities upped their target price on Credo Technology Group from $175.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 2nd. Bank of America upped their target price on Credo Technology Group from $210.00 to $252.00 and gave the stock a "buy" rating in a research report on Tuesday, June 2nd. Needham & Company LLC upped their target price on Credo Technology Group from $220.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, June 1st. Finally, Weiss Ratings raised Credo Technology Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group currently has an average rating of "Moderate Buy" and a consensus target price of $248.41.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Recent coverage remains constructive on Credo’s role in the AI infrastructure buildout, highlighting growing demand for its copper, optical, and scale-up connectivity products and suggesting the company is still a major beneficiary of the AI data-center upgrade cycle. Credo Technology Stock Outlook Hinges on AI and Optical Scale
• Positive Sentiment: Analyst and commentary pieces continue to frame CRDO as a momentum winner, with multiple articles asking whether the stock can keep climbing after its strong run, which reflects ongoing investor optimism. Credo Technology Group Holding Ltd. (CRDO) is a Great Momentum Stock: Should You Buy?
• Positive Sentiment: Mizuho reiterated an Outperform rating and a $290 price target, reinforcing the bullish case that Credo’s growth can continue if execution remains strong. Mizuho Reiterates Outperform on Credo Technology Group Holding Ltd (CRDO)
• Neutral Sentiment: CFO Daniel Fleming sold 40,000 shares, but the trade was executed under a pre-arranged 10b5-1 plan and was tied to tax withholding on vested equity awards, making it less likely to signal a fundamental change. SEC Form 4 filing
• Negative Sentiment: A new disclosure says Credo’s M&A push faces regulatory, integration, and financial execution risks, which could make investors more cautious about deal-related growth and profitability. Credo Technology’s M&A Push Faces Regulatory, Integration and Financial Execution Risks
• Negative Sentiment: After a sharp rally, some commentary warns the valuation has become rich, meaning the stock could be vulnerable if earnings growth, margins, or customer ramps slow. Is CRDO Stock Still Worth Buying After Its Massive Run Higher?

Insiders Place Their Bets

In related news, Director Fariba Danesh sold 1,100 shares of the stock in a transaction 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 completion of the sale, the director directly owned 7,017 shares of the company's stock, valued at approximately $1,658,397.78. This represents a 13.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sylvia Acevedo sold 2,208 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $211.00, for a total value of $465,888.00. Following the completion of the sale, the director directly owned 16,337 shares of the company's stock, valued at $3,447,107. The trade was a 11.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 389,384 shares of company stock worth $66,025,968 in the last three months. 11.84% of the stock is owned by corporate insiders.

Credo Technology Group Trading Down 7.8%

NASDAQ CRDO opened at $239.18 on Wednesday. The firm has a market capitalization of $44.12 billion, a P/E ratio of 96.44, a PEG ratio of 1.36 and a beta of 3.22. The business has a fifty day simple moving average of $190.37 and a 200 day simple moving average of $152.06. Credo Technology Group Holding Ltd. has a 12 month low of $77.79 and a 12 month high of $270.21.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings results on Monday, June 1st. The company reported $1.16 EPS 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 return on equity of 36.99% and a net margin of 35.37%.Credo Technology Group's quarterly revenue was up 157.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. As a group, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

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.

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