American Century Companies Inc. Trims Stake in Credo Technology Group Holding Ltd. $CRDO

American Century Companies Inc. lowered its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 7.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 977,439 shares of the company’s stock after selling 76,849 shares during the quarter. American Century Companies Inc.’s holdings in Credo Technology Group were worth $142,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CRDO. Savant Capital LLC grew its holdings in Credo Technology Group by 0.7% during the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after buying an additional 68 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Credo Technology Group by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock worth $2,298,000 after purchasing an additional 91 shares during the last quarter. Versant Capital Management Inc grew its position in Credo Technology Group by 18.0% in the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock valued at $97,000 after acquiring an additional 101 shares during the last quarter. GAMMA Investing LLC increased its stake in Credo Technology Group by 6.7% in the third quarter. GAMMA Investing LLC now owns 1,891 shares of the company’s stock worth $275,000 after purchasing an additional 118 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Credo Technology Group by 3.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,684 shares of the company’s stock worth $341,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

CRDO has been the topic of several recent research reports. The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the stock a “buy” rating in a report on Thursday, February 19th. New Street Research set a $240.00 target price on Credo Technology Group in a research report on Tuesday, December 2nd. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. KGI Securities upgraded Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price target for the company in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Credo Technology Group has an average rating of “Moderate Buy” and an average target price of $209.29.

Credo Technology Group Price Performance

Credo Technology Group stock opened at $112.27 on Monday. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 98.48 and a beta of 2.67. Credo Technology Group Holding Ltd. has a 1-year low of $29.09 and a 1-year high of $213.80. The firm has a 50 day simple moving average of $133.78 and a 200-day simple moving average of $143.60.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data 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 the consensus estimate of $234.99 million. During the same period last year, the company earned $0.07 EPS. The company’s quarterly revenue was up 272.1% on a year-over-year basis. Equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Credo Technology Group

In related news, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the sale, the chief executive officer directly owned 1,892,502 shares in the company, valued at approximately $289,855,606.32. This represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.70, for a total transaction of $9,608,500.00. Following the transaction, the chief technology officer owned 6,613,961 shares of the company’s stock, valued at approximately $1,155,458,986.70. The trade was a 0.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 917,976 shares of company stock worth $136,567,647. Corporate insiders own 11.84% of the company’s stock.

Credo Technology Group News Roundup

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

• Positive Sentiment: Zacks says Credo’s preliminary Q3 revenues topped prior guidance and analysts expect EPS to surge ~284% YoY, signaling strong demand into the quarter — this underpins near-term revenue/earnings momentum. Credo Technology to Report Q3 Earnings: How to Play the Stock?
• Positive Sentiment: Credo announced a partnership with TensorWave to deploy its ZeroFlap active electrical cables and optics into next‑gen AI clusters — a commercial win that supports adoption in high‑bandwidth AI infrastructure. Credo TensorWave AI Deal Highlights Growth Hopes And Valuation Tension
• Positive Sentiment: Seeking Alpha preview is bullish overall — ties Credo to the AI infrastructure supercycle, assigns a Buy and ~40% 12‑month upside while noting upside asymmetry for investors who time the Q3 read. Credo Q3 Preview: Asymmetry Is The Art Of Alpha
• Neutral Sentiment: Comparative pieces (Yahoo/Zacks) contrast Credo’s rapid AI‑driven revenue growth and aggressive market push with Texas Instruments’ scale — useful context for valuation and competitive positioning but not an immediate catalyst. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Another Zacks compare piece repeats the scale vs. growth framing, reinforcing investor debate over growth premium vs. incumbent stability. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Industry headlines (Marvell, Photronics, Zoom) shared in the feed provide broader semiconductor and data‑center context; they matter to sector sentiment but don’t directly change Credo’s near‑term fundamentals. How MRVL’s Celestial AI Acquisition Fills Its Critical Technology Gap?
• Negative Sentiment: Short‑interest data in the feed shows a large reported increase but the figures are internally inconsistent (zeros/NaN). If accurate, rising short interest could add downward pressure; the data’s unreliability itself is a market risk until clarified. Short Interest Report (data anomaly)

About Credo Technology Group

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.