Walser Wealth Management Company A Ltd Liability Co Buys Shares of 2,410 Credo Technology Group Holding Ltd. $CRDO

Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,410 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC increased its position in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after buying an additional 106 shares during the period. Reflection Asset Management acquired a new position in Credo Technology Group during the 4th quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new position in shares of Credo Technology Group in the fourth quarter worth $25,000. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group in the 4th quarter valued at about $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of Credo Technology Group during the fourth quarter valued at approximately $36,000. Institutional investors own 80.46% of the company’s stock.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: CRDO was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, reinforcing a bullish analyst view and potentially attracting momentum investors.
• Positive Sentiment: Several articles highlighted Credo as an AI revenue accelerator, citing strong sales growth, buy ratings, and its role in the semiconductor supply chain serving AI infrastructure.
• Positive Sentiment: Commentary also pointed to Credo’s retimer business gaining traction, with demand for 100G and 200G-per-lane solutions supported by AI networking needs and design wins.
• Positive Sentiment: One Seeking Alpha piece said Credo scored a “major win” from Nvidia’s delay, suggesting a competitive timing advantage that could boost near-term business prospects.
• Positive Sentiment: MarketBeat and other coverage framed Credo as an overlooked AI hardware stock with outsized growth, while a separate article noted BlackRock’s sizable stake and recent Bank of America target-price increase, adding to investor confidence.
• Neutral Sentiment: Some articles were comparative, pitting Credo against Marvell Technology or discussing whether it is a better AI/connectivity stock in 2026, which is informative but not directly catalytic.
• Negative Sentiment: One Seeking Alpha article argued “Q3 Won’t Be As Kind,” indicating some concern that upcoming results or near-term momentum could be less favorable than recent quarters.

Credo Technology Group Trading Down 7.2%

Shares of CRDO stock opened at $246.40 on Wednesday. The company has a market capitalization of $45.95 billion, a price-to-earnings ratio of 99.35, a P/E/G ratio of 1.21 and a beta of 3.20. Credo Technology Group Holding Ltd. has a 1-year low of $86.49 and a 1-year high of $308.67. The stock’s fifty day simple moving average is $223.55 and its 200-day simple moving average is $162.25.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The firm had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. During the same period last year, the company posted $0.20 EPS. The business’s quarterly revenue was up 157.0% compared to the same quarter last year. On average, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 54,984 shares of Credo Technology Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the completion of the sale, the chief executive officer owned 367,327 shares of the company’s stock, valued at $80,286,662.39. This trade represents a 13.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the transaction, the chief technology officer owned 6,134,870 shares in the company, valued at approximately $725,448,377.50. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 363,372 shares of company stock valued at $76,926,125. Corporate insiders own 11.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CRDO. Rothschild & Co Redburn initiated coverage on shares of Credo Technology Group in a research report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target on the stock. TD Cowen lifted their price objective on shares of Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 target price on shares of Credo Technology Group in a report on Tuesday, June 2nd. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Jefferies Financial Group raised their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $263.11.

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.