Realta Investment Advisors Invests $300,000 in Credo Technology Group Holding Ltd. $CRDO

Realta Investment Advisors bought a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,239 shares of the company's stock, valued at approximately $300,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Credo Technology Group by 8,072.2% during the first quarter. GAMMA Investing LLC now owns 79,597 shares of the company's stock valued at $3,197,000 after acquiring an additional 78,623 shares during the period. Rhumbline Advisers lifted its position in shares of 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 purchasing an additional 9,615 shares during the last quarter. Kraematon Investment Advisors Inc. bought a new stake in Credo Technology Group during the 1st quarter valued at approximately $389,000. Harbor Capital Advisors Inc. acquired a new stake in Credo Technology Group in the 1st quarter valued at approximately $1,759,000. Finally, Handelsbanken Fonder AB increased its position in Credo Technology Group by 7.3% in the 1st quarter. Handelsbanken Fonder AB now owns 35,400 shares of the company's stock worth $1,422,000 after buying an additional 2,400 shares during the period. Institutional investors own 80.46% of the company's stock.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $146.21, for a total value of $8,041,550.00. Following the completion of the sale, the chief technology officer owned 7,053,961 shares of the company's stock, valued at approximately $1,031,359,637.81. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Yat Tung Lam sold 80,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $143.53, for a total transaction of $11,482,400.00. Following the completion of the sale, the chief operating officer owned 920,000 shares in the company, valued at approximately $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 90 days, insiders sold 823,915 shares of company stock worth $106,393,195. 11.84% of the stock is currently owned by company insiders.

Credo Technology Group Stock Down 3.8%

NASDAQ:CRDO opened at $143.87 on Monday. Credo Technology Group Holding Ltd. has a 12-month low of $29.09 and a 12-month high of $176.70. The stock's fifty day simple moving average is $133.21 and its 200-day simple moving average is $88.66. The firm has a market capitalization of $24.89 billion, a P/E ratio of 214.73 and a beta of 2.60.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings data 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 net margin of 20.85% and a return on equity of 19.02%. 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 prior year, the company posted $0.04 EPS. The company's revenue for the quarter was up 273.6% compared to the same quarter last year. Credo Technology Group has set its Q2 2026 guidance at EPS. As a group, equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays upped their price target on Credo Technology Group from $85.00 to $165.00 and gave the stock an "overweight" rating in a report on Thursday, September 4th. TD Cowen began coverage on Credo Technology Group in a research note on Wednesday, October 1st. They issued a "buy" rating and a $170.00 target price for the company. Roth Capital reiterated a "buy" rating and set a $170.00 price target on shares of Credo Technology Group in a research note on Tuesday, September 30th. William Blair started coverage on shares of Credo Technology Group in a research note on Thursday, September 18th. They issued an "outperform" rating on the stock. Finally, Mizuho upped their price target on Credo Technology Group from $135.00 to $155.00 and gave the company an "outperform" rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $128.55.

About Credo Technology Group

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.

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