CRDO vs. QRVO, OLED, DRS, ALGM, PI, LPL, SITM, WOLF, NSSC, and SHLS
Should you be buying Credo Technology Group stock or one of its competitors? The main competitors of Credo Technology Group include Qorvo (QRVO), Universal Display (OLED), Leonardo DRS (DRS), Allegro MicroSystems (ALGM), Impinj (PI), LG Display (LPL), SiTime (SITM), Wolfspeed (WOLF), Napco Security Technologies (NSSC), and Shoals Technologies Group (SHLS). These companies are all part of the "electronic equipment" industry.
Qorvo (NASDAQ:QRVO) and Credo Technology Group (NASDAQ:CRDO) are both computer and technology companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, earnings, community ranking, dividends, profitability, risk, valuation, media sentiment and analyst recommendations.
88.6% of Qorvo shares are held by institutional investors. Comparatively, 80.5% of Credo Technology Group shares are held by institutional investors. 0.5% of Qorvo shares are held by company insiders. Comparatively, 23.9% of Credo Technology Group shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Credo Technology Group has lower revenue, but higher earnings than Qorvo. Qorvo is trading at a lower price-to-earnings ratio than Credo Technology Group, indicating that it is currently the more affordable of the two stocks.
Qorvo presently has a consensus price target of $112.94, suggesting a potential downside of 7.43%. Credo Technology Group has a consensus price target of $30.38, suggesting a potential upside of 6.28%. Given Qorvo's stronger consensus rating and higher probable upside, analysts clearly believe Credo Technology Group is more favorable than Qorvo.
Qorvo has a net margin of -1.86% compared to Qorvo's net margin of -14.70%. Credo Technology Group's return on equity of 13.43% beat Qorvo's return on equity.
Qorvo has a beta of 1.46, indicating that its stock price is 46% more volatile than the S&P 500. Comparatively, Credo Technology Group has a beta of 2.24, indicating that its stock price is 124% more volatile than the S&P 500.
Qorvo received 783 more outperform votes than Credo Technology Group when rated by MarketBeat users. Likewise, 66.50% of users gave Qorvo an outperform vote while only 57.38% of users gave Credo Technology Group an outperform vote.
In the previous week, Qorvo had 6 more articles in the media than Credo Technology Group. MarketBeat recorded 19 mentions for Qorvo and 13 mentions for Credo Technology Group. Qorvo's average media sentiment score of 1.03 beat Credo Technology Group's score of 0.74 indicating that Credo Technology Group is being referred to more favorably in the news media.
Summary
Credo Technology Group beats Qorvo on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CRDO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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