Diversified Trust Co Sells 6,936 Shares of Credo Technology Group Holding Ltd. $CRDO

Diversified Trust Co lowered its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 28.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,856 shares of the company’s stock after selling 6,936 shares during the quarter. Diversified Trust Co’s holdings in Credo Technology Group were worth $2,600,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRDO. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Credo Technology Group during the 2nd quarter worth approximately $27,000. Wolff Wiese Magana LLC lifted its holdings 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 worth $42,000 after purchasing an additional 300 shares during the period. Cullen Frost Bankers Inc. grew its stake 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. EverSource Wealth Advisors LLC grew its stake 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. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Credo Technology Group in the first quarter valued at $25,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider James Laufman sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $150.00, for a total value of $1,500,000.00. Following the transaction, the insider owned 214,905 shares of the company’s stock, valued at approximately $32,235,750. This trade represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $143.41, for a total value of $7,887,550.00. Following the sale, the chief technology officer directly owned 6,448,961 shares of the company’s stock, valued at $924,845,497.01. This represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,241,246 shares of company stock worth $189,271,083 over the last ninety days. Insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Up 0.2%

Shares of NASDAQ:CRDO opened at $144.92 on Wednesday. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80. The stock’s 50 day moving average is $157.27 and its 200-day moving average is $133.99. The firm has a market capitalization of $26.18 billion, a price-to-earnings ratio of 127.12 and a beta of 2.63.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The business had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. During the same quarter in the previous year, the business posted $0.07 EPS. Credo Technology Group’s quarterly revenue was up 272.1% on a year-over-year basis. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. KGI Securities upgraded Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price target on the stock in a research report on Tuesday, December 2nd. Wall Street Zen upgraded Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Wolfe Research set a $240.00 target price on shares of Credo Technology Group in a research report on Tuesday, December 2nd. New Street Research set a $240.00 price target on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Finally, TD Cowen upped their price objective on shares of Credo Technology Group from $190.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $206.85.

Key Headlines Impacting Credo Technology Group

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Brokerages and analysts remain bullish — multiple firms raised price targets and the consensus rating is “Buy,” supporting upside expectations. Analyst Coverage
• Positive Sentiment: Zacks included CRDO among “4 Stocks to Buy for 2026,” highlighting investor interest and potential retail/institutional buying from thematic coverage. Zacks: 4 Stocks to Buy
• Positive Sentiment: Investors continue to point to Credo’s strong fundamentals: the company reported a blowout quarter in early December (large revenue and EPS beats), which underpins higher analyst targets and valuation expansion. Quarterly Results Analysis
• Neutral Sentiment: Credo published its 2025 ESG report — positive for longer‑term institutional demand and reputational risk management, though near‑term market impact is typically limited. ESG Report
• Neutral Sentiment: Analyst comparison pieces (CRDO vs. Marvell) are drawing attention to valuation and strategy differences in AI/data‑center connectivity — useful for investors deciding between peers but not an immediate catalyst. CRDO vs MRVL
• Neutral Sentiment: Institutional ownership remains high and some hedge funds increased positions; this supports liquidity and could amplify moves, but is not an immediate directional catalyst. Institutional Holdings
• Negative Sentiment: CTO Chi Fung Cheng sold 55,000 shares at about $143.41 (transaction disclosed via SEC filing), removing a small percentage of his stake — insider sales can weigh on sentiment even though the CTO retains a large position. CTO Sale
• Negative Sentiment: Another insider, James Laufman, sold 10,000 shares at $150, also reducing insider ownership modestly — additional insider selling may temper short‑term enthusiasm. Officer Sale

Credo Technology Group Profile

Credo Technology Group, Inc (NASDAQ: CRDO) 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.

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.