<div id="readability-page-1"><p>Harbor Capital Advisors Inc. trimmed its holdings in shares of  Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 9,251 shares of the company's stock after selling 26,203 shares during the period. Harbor Capital Advisors Inc.'s holdings in Credo Technology Group were worth $1,347,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Credo Technology Group</strong> alerts:</span></p></div><ul><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p>Several other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in  Credo Technology Group during the 1st quarter valued at about $25,000.  Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in  Credo Technology Group in the second quarter valued at approximately $27,000.  Wolff Wiese Magana LLC boosted its stake in shares of  Credo Technology Group by 200.0% during the second quarter. Wolff Wiese Magana LLC now owns 450 shares of the company's stock valued at $42,000 after purchasing an additional 300 shares during the period.  Cullen Frost Bankers Inc. grew its holdings in shares of  Credo Technology Group by 278.4% in the second quarter. Cullen Frost Bankers Inc. now owns 473 shares of the company's stock worth $44,000 after purchasing an additional 348 shares during the last quarter.  Finally, EverSource Wealth Advisors LLC grew its holdings in shares of  Credo Technology Group by 198.2% in the second quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company's stock worth $46,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own  80.46% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In related news, CFO Daniel W. Fleming sold 112,580 shares of Credo Technology Group stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $138.20, for a total transaction of $15,558,556.00. Following the completion of the transaction, the chief financial officer directly owned 458,678 shares of the company's stock, valued at $63,389,299.60. This trade represents a 19.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Chi Fung Cheng sold 55,000 shares of the company's stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $156.32, for a total transaction of $8,597,600.00. Following the completion of the sale, the chief technology officer owned 6,668,961 shares in the company, valued at approximately $1,042,491,983.52. This trade represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,311,246 shares of company stock worth $199,553,783 in the last three months. 11.84% of the stock is owned by corporate insiders. </p><h2>Credo Technology Group Stock Performance</h2><ul><li>Credo Technologies Posted a Blowout Quarter—Here's What's Next</li></ul><p>Shares of NASDAQ:CRDO opened at $144.83 on Friday. The firm has a market capitalization of $26.16 billion, a P/E ratio of 127.04 and a beta of 2.63. The stock has a 50 day moving average price of $157.40 and a 200-day moving average price of $132.12. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80. </p><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.18. The company had revenue of $268.03 million for the quarter, compared to analysts' expectations of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm's revenue for the quarter was up 272.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share.  On average, equities analysts forecast that  Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year. </p><h2>Analysts Set New Price Targets</h2><ul><li>3 Under-the-Radar Stocks Set to Benefit From Oracle’s Boom</li></ul><p>CRDO has been the subject of several analyst reports. William Blair started coverage on shares of Credo Technology Group in a research report on Thursday, September 18th. They set an &#34;outperform&#34; rating for the company. New Street Research  set a $240.00 price objective on shares of Credo Technology Group in a research note on Tuesday, December 2nd. JPMorgan Chase &amp; Co. began coverage on Credo Technology Group in a research note on Friday, October 17th. They issued an &#34;overweight&#34; rating and a $165.00 target price on the stock. Zacks Research raised Credo Technology Group from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research report on Thursday, December 4th. Finally, Wall Street Zen upgraded Credo Technology Group from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a report on Sunday, September 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned  a Buy rating and one  has assigned  a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of &#34;Buy&#34; and an average target price of $206.85.</p><p><b>Get Our Latest Stock Report on CRDO</b></p><h2>About Credo Technology Group</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>Recommended Stories</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Do you know what Amazon is planning for January 1?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</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 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 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>Harbor Capital Advisors Inc. reduced its stake in Credo Technology Group by 73.9% in Q3, selling 26,203 shares. The firm now holds 9,251 shares valued at $1,347,000. Insiders sold 1,311,246 shares worth $199,553,783 recently. Credo's stock opened at $144.83, with a market cap of $26.16 billion. The company reported strong quarterly earnings, surpassing estimates with $0.67 EPS and $268.03 million revenue, up 272.1% year-over-year.</p>

Harbor Capital Advisors Inc. Sells 26,203 Shares of Credo Technology Group Holding Ltd. $CRDO