<div id="readability-page-1"><p>Princeton Global Asset Management LLC bought a new position in  Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor  bought 27,458 shares of the company's stock, valued at approximately $2,542,000.</p><div><p><span></span><span>Get <strong>Credo Technology Group</strong> alerts:</span></p></div><ul><li>3 Under-the-Radar Stocks Set to Benefit From Oracle’s Boom</li></ul><p>A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB boosted its stake in  Credo Technology Group by 29.5% in the 1st quarter. Swedbank AB now owns 3,219,125 shares of the company's stock worth $129,280,000 after purchasing an additional 733,811 shares during the period.  Alliancebernstein L.P. boosted its stake in  Credo Technology Group by 6.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,846,387 shares of the company's stock worth $74,151,000 after purchasing an additional 105,405 shares during the period.  Goldman Sachs Group Inc. boosted its stake in  Credo Technology Group by 63.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company's stock worth $61,235,000 after purchasing an additional 589,151 shares during the period.  Nuveen LLC acquired a new position in  Credo Technology Group in the 1st quarter worth $52,636,000.  Finally, The Manufacturers Life Insurance Company boosted its stake in  Credo Technology Group by 74.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,098,369 shares of the company's stock worth $44,110,000 after purchasing an additional 468,145 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds. </p><h2>Insider Buying and Selling</h2><p>In other news, CEO William Joseph Brennan sold 9,476 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $140.06, for a total value of $1,327,208.56. Following the sale, the chief executive officer directly owned 347,399 shares of the company's stock, valued at approximately $48,656,703.94. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, Director Pantas Sutardja sold 4,408 shares of the company's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $147.41, for a total transaction of $649,783.28. Following the completion of the sale, the director directly owned 5,894,244 shares in the company, valued at approximately $868,870,508.04. The trade was a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 951,589 shares of company stock worth $129,883,163 in the last 90 days. 11.84% of the stock is owned by corporate insiders. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>A New All-Time High Is Coming Soon for Credo Technology Group</li></ul><p>CRDO has been the subject of a number of research analyst reports. Roth Capital  reaffirmed a &#34;buy&#34; rating and issued a $170.00 target price on shares of Credo Technology Group in a research note on Tuesday, September 30th. Needham &amp; Company LLC boosted their price target on shares of Credo Technology Group from $85.00 to $150.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, September 4th. Stifel Nicolaus  set a $160.00 price target on shares of Credo Technology Group in a research report on Wednesday, October 1st. William Blair assumed coverage on shares of Credo Technology Group in a research report on Thursday, September 18th. They set an &#34;outperform&#34; rating on the stock. Finally, Cowen  reissued a &#34;buy&#34; rating on shares of Credo Technology Group in a research report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued  a Buy rating and one  has issued  a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of &#34;Buy&#34; and a consensus target price of $131.58.</p><p><b>View Our Latest Report on CRDO</b></p><h2>Credo Technology Group Stock Performance</h2><ul><li>Credo Technology Stock is Rebounding </li></ul><p>Shares of CRDO stock opened at $143.61 on Monday. The firm's 50-day moving average is $138.80 and its 200-day moving average is $95.51. The stock has a market cap of $24.84 billion, a price-to-earnings ratio of 214.34 and a beta of 2.60. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $176.70. </p><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued its earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The firm had revenue of $223.07 million during the quarter, compared to the consensus estimate of $190.63 million. Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. The firm's revenue for the quarter was up 273.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 earnings per share.  Credo Technology Group has set its Q2 2026 guidance at  EPS. Sell-side analysts predict that  Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year. </p><h2>Credo Technology Group Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?</li><li>What Are the FAANG Stocks and Are They Good Investments?</li><li>Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon</li><li>What is Put Option Volume?</li><li>As Global Renewables Surpass Coal, This ETF Offers Smart Exposure</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JETw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JETw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Credo Technology Group Right Now?</h2><p>Before you consider Credo Technology Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credo Technology Group wasn't on the list.</p><p>While Credo Technology Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CRDO

<p>Princeton Global Asset Management LLC has acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO), purchasing 27,458 shares valued at approximately $2.54 million. This investment comes amid increased activity from other institutional investors, with notable stakes raised by Swedbank AB, Alliancebernstein L.P., and Goldman Sachs Group Inc. Additionally, recent insider trading includes sales by CEO William Joseph Brennan and Director Pantas Sutardja. Analysts maintain a positive outlook on CRDO, with multiple buy ratings and a consensus target price of $131.58.</p>

Princeton Global Asset Management LLC Takes $2.54 Million Position in Credo Technology Group Holding Ltd. $CRDO