<div id="readability-page-1"><p>Truist Financial Corp raised its stake in shares of  Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 420.5% in the 3rd quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The fund owned 18,452 shares of the company's stock after acquiring an additional 14,907 shares during the period. Truist Financial Corp's holdings in Credo Technology Group were worth $2,687,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Credo Technology Group</strong> alerts:</span></p></div><ul><li>5 Stocks to Buy in February: Last Year’s Winners Aren’t Done Yet</li></ul><p>Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase &amp; Co. increased its holdings in shares of  Credo Technology Group by 36.5% in the second quarter. JPMorgan Chase &amp; Co. now owns 6,508,934 shares of the company's stock valued at $602,662,000 after purchasing an additional 1,739,844 shares during the period.  Alliancebernstein L.P. grew its position in  Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company's stock valued at $283,778,000 after buying an additional 1,218,504 shares during the last quarter.  1832 Asset Management L.P. purchased a new position in  Credo Technology Group in the 2nd quarter valued at $82,479,000.  Invesco Ltd. increased its stake in  Credo Technology Group by 160.7% in the 2nd quarter. Invesco Ltd. now owns 1,118,119 shares of the company's stock valued at $103,527,000 after buying an additional 689,202 shares during the period.  Finally, Goldman Sachs Group Inc. raised its position in  Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company's stock worth $61,235,000 after buying an additional 589,151 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds. </p><h2>Wall Street Analyst Weigh In</h2><p>Several analysts have recently weighed in on the stock. Rosenblatt Securities assumed coverage on shares of Credo Technology Group in a report on Wednesday, January 21st. They issued a &#34;neutral&#34; rating and a $170.00 target price on the stock. Needham &amp; Company LLC lifted their price objective on Credo Technology Group from $190.00 to $220.00 and gave the company a &#34;buy&#34; rating in a report on Tuesday, December 2nd. TD Cowen  reissued a &#34;buy&#34; rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Susquehanna raised their price target on Credo Technology Group from $165.00 to $175.00 and gave the company a &#34;positive&#34; rating in a report on Wednesday, October 22nd. Finally, Roth Mkm upped their price objective on Credo Technology Group from $170.00 to $250.00 and gave the stock a &#34;buy&#34; rating in a report on Tuesday, December 2nd. One equities research analyst  has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued  a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $216.54.</p><ul><li>Credo Just Pulled Back—This Might Be the Cleanest Entry Point</li></ul><p><b>View Our Latest Research Report on CRDO</b></p><h2>Credo Technology Group Trading Up 13.6%</h2><p>CRDO stock opened at $111.40 on Friday. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 97.72 and a beta of 2.65. The firm has a 50 day moving average of $145.04 and a 200-day moving average of $141.88. Credo Technology Group Holding Ltd. has a 12-month low of $29.09 and a 12-month high of $213.80. </p><ul><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. The firm had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.Credo Technology Group's quarterly revenue was up 272.1% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS.  Sell-side analysts forecast that  Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><p>In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the company's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $127.37, for a total value of $3,502,675.00. Following the sale, the chief technology officer owned 6,299,870 shares of the company's stock, valued at $802,414,441.90. This represents a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, Director Pantas Sutardja sold 1,875 shares of the firm's stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $128.67, for a total transaction of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares of the company's stock, valued at approximately $758,128,014.78. This trade represents a 0.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is owned by company insiders. </p><h2>Credo Technology Group Profile</h2> (Free Report)<p>Credo Technology Group, Inc <span>NASDAQ: CRDO<span></span></span> 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.  </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>The day the gold market broke</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Your Bank Account Is No Longer Safe</li><li>New gold price target</li></ul><p><strong>Want to see what other hedge funds are holding CRDO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report).</p><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 reporting and unbiased coverage. 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 Moderate 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>Truist Financial Corp increased its stake in Credo Technology Group Holding Ltd. by 420.5% in Q3, owning 18,452 shares valued at $2.69 million. Other hedge funds also raised their stakes, with JPMorgan increasing by 36.5%. Analysts have mixed ratings on CRDO, with a consensus price target of $216.54. The stock has seen significant growth, with a 272.1% year-over-year revenue increase. Credo reported $0.67 EPS, surpassing estimates. The stock is currently trading at $111.40, with a market cap of $20.12 billion.</p>

Truist Financial Corp Grows Stock Holdings in Credo Technology Group Holding Ltd. $CRDO