Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC boosted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 72.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,200 shares of the company’s stock after buying an additional 5,550 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Credo Technology Group were worth $1,222,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Operose Advisors LLC increased its holdings in shares of Credo Technology Group by 69.2% in the 1st quarter. Operose Advisors LLC now owns 616 shares of the company’s stock valued at $25,000 after acquiring an additional 252 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Credo Technology Group during the first quarter valued at $25,000. Harbour Investments Inc. acquired a new stake in shares of Credo Technology Group during the first quarter worth $29,000. Virtus Advisers LLC bought a new position in shares of Credo Technology Group in the 1st quarter worth about $31,000. Finally, Wolff Wiese Magana LLC boosted its holdings in shares of Credo Technology Group by 200.0% in the 2nd quarter. Wolff Wiese Magana LLC now owns 450 shares of the company’s stock valued at $42,000 after buying an additional 300 shares during the period. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Trading Down 0.9%

Shares of NASDAQ CRDO opened at $133.49 on Friday. Credo Technology Group Holding Ltd. has a 12-month low of $29.09 and a 12-month high of $193.50. The company has a market cap of $23.09 billion, a PE ratio of 199.24 and a beta of 2.62. The stock has a 50 day simple moving average of $152.85 and a 200-day simple moving average of $115.71.

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

Wall Street Analysts Forecast Growth

CRDO has been the topic of several research reports. TD Cowen initiated coverage on shares of Credo Technology Group in a research note on Wednesday, October 1st. They set a “buy” rating and a $170.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of Credo Technology Group in a report on Thursday, September 4th. Stifel Nicolaus set a $160.00 price objective on Credo Technology Group in a research report on Wednesday, October 1st. Finally, Needham & Company LLC increased their target price on Credo Technology Group from $85.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.36.

Insider Buying and Selling at Credo Technology Group

In related news, Director Pantas Sutardja sold 1,875 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $189.35, for a total value of $355,031.25. Following the completion of the sale, the director owned 5,893,909 shares of the company’s stock, valued at $1,116,011,669.15. This represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Yat Tung Lam sold 80,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.27, for a total transaction of $13,541,600.00. Following the completion of the transaction, the chief operating officer owned 770,000 shares of the company’s stock, valued at $130,337,900. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 973,161 shares of company stock valued at $149,011,579. 11.84% of the stock is currently owned by insiders.

Credo Technology Group Company 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.