Financial review: ASE Technology (NYSE: ASX) and Credo Technology Group (NASDAQ: CRDO)

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Credo Technology Group (NASDAQ: CRDOGet a rating) and ASE technology (NYSE: ASXGet a rating) are both business services companies, but which is the better action? We’ll compare the two companies based on the strength of their profitability, earnings, analyst recommendations, dividends, risk, institutional ownership and valuation.

Institutional and insider ownership

0.4% of Credo Technology Group shares are held by institutional investors. By comparison, 6.5% of ASE Technology’s shares are held by institutional investors. 22.9% of ASE Technology shares are held by insiders. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of the current price recommendations and targets for Credo Technology Group and ASE Technology, as provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Credo Technology Group 0 0 8 0 3.00
ASE Technology 0 4 0 0 2.00

Credo Technology Group currently has a consensus price target of $20.75, suggesting a potential upside of 93.74%. ASE Technology has a consensus price target of $8.10, suggesting a potential upside of 24.42%. Given Credo Technology Group’s stronger consensus rating and higher likely upside, equity research analysts clearly believe that Credo Technology Group is more favorable than ASE Technology.

Profitability

This table compares the net margins, return on equity and return on assets of Credo Technology Group and ASE Technology.

Net margins Return on equity return on assets
Credo Technology Group N / A N / A N / A
ASE Technology 11.49% 26.31% 10.37%

Benefits and evaluation

This table compares the gross revenue, earnings per share and valuation of Credo Technology Group and ASE Technology.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Credo Technology Group N / A N / A N / A N / A N / A
ASE technology $20.41 billion 0.70 $2.17 billion $1.10 5.92

ASE Technology has higher revenue and profit than Credo Technology Group.

Summary

ASE Technology beats Credo Technology Group on 6 out of 9 factors compared between the two stocks.

About Credo Technology Group (Get a rating)

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Malaysia, Hong Kong and globally. Its products include integrated circuits, active power cables and SerDes chips based on its serializer/deserializer and digital signal processor technologies. The company’s IP solutions consist of IP SerDes licenses. The company was founded in 2008 and is based in San Jose, California.

About ASE Technology (Get a rating)

ASE Technology Holding Co., Ltd. provides a range of semiconductor and electronic manufacturing packaging and testing services in the United States, Taiwan, the rest of Asia, Europe and internationally. It offers packaging services, including flip chip ball grid array (BGA) and chip-scale package (CSP), advanced chip-scale packages, quad flat packages , low-profile and slimline quad flat packages, bump chip carrier and lead-free quad flat package (QFN) packages, advanced QFN packages, plastic BGAs and 3D chip packages; stacked matrix solutions in various packages; and copper and silver wire bonding solutions. The company also offers advanced packages, such as flip chip BGA; FCBGA heat sink; flip chip CSP; Hybrid FCCSP; flip chip packaging in-pack and package-on-pack (POP); advanced single-sided substrate; Broadband POP; packaging at fan-out edge level; SESUB; and 2.5D silicon midsole. Additionally, it offers IC wire connection packages; System-in-Package (SiP) products and modules; and interconnect materials, as well as assemble automotive electronics. In addition, the company provides a range of semiconductor test services, including front-end engineering testing, wafer probing, logic/mixed/RF modules and SiP/MEMS/discrete end-testing, and d ‘other testing-related services, as well as drop testing shipping services. In addition, it develops, builds, sells, leases and manages real estate; produces substrates; offers information software, equipment rental, investment consulting and warehouse management services; deals with and sells computer and communication peripherals, electronic components, telecommunications equipment and motherboards; and imports and exports goods and technology. The company was incorporated in 1984 and is based in Kaohsiung, Taiwan.



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