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

Maytus Capital Management LLC acquired a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 33,000 shares of the company’s stock, valued at approximately $4,748,000.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC grew its stake in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after purchasing an additional 106 shares during the period. Acumen Wealth Advisors LLC bought a new position in Credo Technology Group in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group in the 4th quarter valued at $32,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Credo Technology Group during the 4th quarter worth $36,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Credo Technology Group by 133.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after acquiring an additional 147 shares during the period. Institutional investors own 80.46% of the company’s stock.

Insiders Place Their Bets

In other Credo Technology Group news, CEO William Joseph Brennan sold 54,984 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $218.57, for a total value of $12,017,852.88. Following the completion of the transaction, the chief executive officer owned 367,327 shares in the company, valued at $80,286,662.39. This trade represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $118.25, for a total value of $3,251,875.00. Following the completion of the transaction, the chief technology officer owned 6,134,870 shares of the company’s stock, valued at approximately $725,448,377.50. This represents a 0.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 389,384 shares of company stock worth $66,025,968 in the last quarter. 11.84% of the stock is owned by company insiders.

Key Stories Impacting 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?

Credo Technology Group Stock Performance

CRDO stock opened at $239.18 on Wednesday. The company has a market capitalization of $44.12 billion, a price-to-earnings ratio of 96.44, a PEG ratio of 1.36 and a beta of 3.22. Credo Technology Group Holding Ltd. has a fifty-two week low of $77.79 and a fifty-two week high of $270.21. The stock has a fifty day moving average of $190.37 and a 200-day moving average of $152.06.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The business had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue was up 157.0% compared to the same quarter last year. Equities analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Rosenblatt Securities increased their price target on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Susquehanna increased their price target on Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a research note on Tuesday, June 2nd. Jefferies Financial Group increased their price target on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. increased their price target on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.41.

About Credo Technology Group

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.