Jefferies Financial Group Inc. Sells 9,561 Shares of Credo Technology Group Holding Ltd. $CRDO

Jefferies Financial Group Inc. cut its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 78.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,550 shares of the company’s stock after selling 9,561 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Credo Technology Group were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CRDO. Global Retirement Partners LLC lifted its holdings in Credo Technology Group by 5,358.7% in the 4th quarter. Global Retirement Partners LLC now owns 4,094 shares of the company’s stock worth $589,000 after purchasing an additional 4,019 shares in the last quarter. Sierra Summit Advisors LLC bought a new position in Credo Technology Group in the 4th quarter worth approximately $448,000. IFP Advisors Inc boosted its stake in Credo Technology Group by 15.9% in the 4th quarter. IFP Advisors Inc now owns 6,684 shares of the company’s stock worth $962,000 after purchasing an additional 919 shares during the period. Banque Cantonale Vaudoise boosted its stake in Credo Technology Group by 148.3% in the 4th quarter. Banque Cantonale Vaudoise now owns 20,456 shares of the company’s stock worth $2,944,000 after purchasing an additional 12,219 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Credo Technology Group by 44.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 17,636 shares of the company’s stock worth $2,538,000 after purchasing an additional 5,435 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Rosenblatt Securities upped their price target on Credo Technology Group from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Jefferies Financial Group assumed coverage on Credo Technology Group in a research note on Monday, April 13th. They issued a “buy” rating and a $175.00 price target for the company. Finally, Susquehanna dropped their price target on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research note on Tuesday, March 3rd. Two equities research analysts have 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, Credo Technology Group presently has an average rating of “Buy” and an average price target of $210.65.

Credo Technology Group Price Performance

Shares of CRDO opened at $236.03 on Friday. The stock has a market capitalization of $43.54 billion, a price-to-earnings ratio of 131.13 and a beta of 3.17. Credo Technology Group Holding Ltd. has a 1 year low of $59.21 and a 1 year high of $240.81. The business’s 50 day simple moving average is $158.17 and its 200-day simple moving average is $144.98.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The company’s revenue for the quarter was up 201.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, sell-side analysts expect that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current year.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo completed its acquisition of DustPhotonics, a deal that should broaden its optical and active electrical cable offerings and increase its exposure to hyperscaler and AI data-center spending. Credo Completes Acquisition of DustPhotonics
• Positive Sentiment: Analysts remain generally bullish, with brokerage consensus still rating CRDO as a “Buy,” reflecting confidence in its growth outlook. Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Receives Consensus Recommendation of “Buy” from Brokerages
• Positive Sentiment: Market commentary continues to frame Credo as an AI infrastructure winner, with its high-speed connectivity products benefiting from rising demand for enterprise AI factories and hyperscale data-center buildouts. Credo Technology (CRDO) Enters a Partnership to Build Enterprise AI Factories
• Neutral Sentiment: Several previews ahead of fiscal Q4 earnings note strong expectations, including consensus for about $1.03 in EPS on roughly $430 million in revenue, which suggests investors are watching closely for another upside surprise. Credo Technology Before Q4 Earnings: Should Investors Buy the Stock?
• Neutral Sentiment: Some recent articles suggest the stock is already stretched after a strong run and is trading near its 52-week high, which could limit upside if earnings or guidance disappoint. Credo Technology Nearing 52-Week High: Buy, Sell or Hold?

Insider Transactions at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $178.99, for a total transaction of $4,922,225.00. Following the sale, the chief technology officer directly owned 6,024,870 shares of the company’s stock, valued at $1,078,391,481.30. This represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 6,149 shares of the business’s stock in a transaction that occurred on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $623,816.05. Following the transaction, the chief executive officer directly owned 222,311 shares in the company, valued at approximately $22,553,450.95. This represents a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 386,608 shares of company stock valued at $50,371,351 over the last 90 days. Insiders own 11.84% of the company’s stock.

Credo Technology Group Company 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.