<div id="readability-page-1"><p>Global Trust Asset Management LLC bought a new stake in shares of  Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,883 shares of the company's stock, valued at approximately $2,167,000. Credo Technology Group makes up   1.0% of Global Trust Asset Management LLC's portfolio, making the stock its 24th biggest position.</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>Other hedge funds have also made changes to their positions in the company. JPMorgan Chase &amp; Co. grew its position in  Credo Technology Group by 36.5% during 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 in the last quarter.  Alliancebernstein L.P. lifted 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 worth $283,778,000 after buying an additional 1,218,504 shares in the last quarter.  1832 Asset Management L.P. acquired a new stake in shares of  Credo Technology Group during the 2nd quarter valued at $82,479,000.  Invesco Ltd. grew its holdings in shares of  Credo Technology Group by 160.7% during the 2nd quarter. Invesco Ltd. now owns 1,118,119 shares of the company's stock valued at $103,527,000 after acquiring an additional 689,202 shares in the last quarter.  Finally, FengHe Fund Management Pte. Ltd. acquired a new position in shares of  Credo Technology Group in the second quarter worth $63,013,000. 80.46% of the stock is owned by hedge funds and other institutional investors. </p><h2>Insider Activity at Credo Technology Group</h2><p>In related news, COO Yat Tung Lam sold 370,000 shares of Credo Technology Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $153.19, for a total value of $56,680,300.00. Following the transaction, the chief operating officer owned 400,000 shares in the company, valued at $61,276,000. This trade represents a 48.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the company's stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $171.23, for a total transaction of $8,561,500.00. Following the sale, the chief executive officer owned 1,942,502 shares of the company's stock, valued at $332,614,617.46. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,090,476 shares of company stock worth $167,418,363. 11.84% of the stock is owned by insiders. </p><h2>Analyst Ratings Changes</h2><ul><li>Credo Technologies Posted a Blowout Quarter—Here's What's Next</li></ul><p>A number of research firms recently issued reports on CRDO. Roth Capital lifted their price objective on Credo Technology Group from $170.00 to $250.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, December 2nd. KGI Securities upgraded Credo Technology Group from a &#34;hold&#34; rating to an &#34;outperform&#34; rating and set a $230.00 price target for the company in a report on Tuesday, December 2nd. Zacks Research raised Credo Technology Group from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Thursday, December 4th. TD Cowen raised their price objective on shares of Credo Technology Group from $190.00 to $240.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, December 2nd. Finally, Mizuho lifted their target price on shares of Credo Technology Group from $165.00 to $225.00 and gave the company an &#34;outperform&#34; rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one  has given a Hold rating to the company's stock. According to MarketBeat, Credo Technology Group  has a consensus rating of &#34;Buy&#34; and a consensus target price of $220.42.</p><p><b>Get Our Latest Stock Analysis on CRDO</b></p><h2>Credo Technology Group Stock Performance</h2><ul><li>3 Under-the-Radar Stocks Set to Benefit From Oracle’s Boom</li></ul><p>Shares of CRDO stock opened at $149.12 on Friday. The stock's 50 day simple moving average is $153.14 and its 200 day simple moving average is $138.29. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80. The company has a market capitalization of $26.94 billion, a price-to-earnings ratio of 130.81 and a beta of 2.66. </p><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm had revenue of $268.03 million during the quarter, compared to analysts' expectations of $234.99 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. The company's revenue was up 272.1% on a year-over-year basis.  On average, analysts forecast that  Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year. </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>Read More</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>I’ve seen this pattern only twice in my 46-year career…</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>Trump just signed it</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>Virtually Unknown AI Company Solving Trillion-Dollar Problem</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 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>Global Trust Asset Management LLC has acquired a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO), purchasing 14,883 shares valued at approximately $2.17 million during Q3. This investment represents 1.0% of their portfolio. Other hedge funds have also increased their positions in CRDO. Insider sales included COO Yat Tung Lam selling 370,000 shares and CEO William Joseph Brennan selling 50,000 shares. Analysts have raised price targets for CRDO, with a consensus rating of "Buy" and a target price of $220.42. The stock opened at $149.12, with a market cap of $26.94 billion.</p>

Global Trust Asset Management LLC Makes New Investment in Credo Technology Group Holding Ltd. $CRDO