CI Investments Inc. Grows Position in Credo Technology Group Holding Ltd. $CRDO

CI Investments Inc. grew its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 5,340.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,631 shares of the company’s stock after purchasing an additional 22,215 shares during the period. CI Investments Inc.’s holdings in Credo Technology Group were worth $3,295,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Credo Technology Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 16,525,380 shares of the company’s stock valued at $2,406,261,000 after buying an additional 150,012 shares during the period. JPMorgan Chase & Co. increased its position in shares of Credo Technology Group by 18.3% in the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock worth $1,121,118,000 after acquiring an additional 1,190,522 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Credo Technology Group by 4.7% in the second quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock worth $334,740,000 after acquiring an additional 163,305 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after acquiring an additional 1,218,504 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after acquiring an additional 589,151 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Up 5.4%

Shares of CRDO opened at $102.54 on Thursday. The firm has a market cap of $18.52 billion, a price-to-earnings ratio of 56.97 and a beta of 2.67. The business’s 50 day moving average is $131.11 and its two-hundred day moving average is $143.15. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The business had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 37.17%. The business’s quarterly revenue was up 201.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Q3 earnings beat and raised revenue outlook: Credo reported record Q3 revenue (~$407M) and topped EPS/revenue estimates; management gave Q4 revenue guidance above Street consensus, supporting continued high growth expectations. CRDO Q3 Earnings Highlights
• Positive Sentiment: Product ramps and strategic deals: Credo highlighted accelerating ZeroFlap optics ramp, a TensorWave partnership and the CoMira acquisition — moves that expand its AI interconnect addressable market. These operational catalysts underpin bullish long‑term growth narratives. Credo & TensorWave Team Up
• Positive Sentiment: Analyst buy reiterations: Several firms (e.g., Needham, William Blair, BofA) reiterated Buy ratings or remained constructive, providing support for upside expectations despite some PT cuts. Wall Street Bullish on Credo
• Neutral Sentiment: Mixed price-target moves: Several firms adjusted targets — some trimming numbers (Susquehanna, Mizuho, Rosenblatt, Stifel) even while keeping positive/outperform stances. That yields divergent analyst views and wider modeled outcomes. Analysts Slash Forecasts
• Neutral Sentiment: Short-interest data appears noisy: recent feeds show zero or malformed short‑interest figures (likely a reporting/data issue) — not meaningful evidence of a short squeeze or new short pressure. (No reliable link available)
• Neutral Sentiment: Investor commentary split: multiple independent pieces frame the post‑earnings pullback as either a buying opportunity or a warning sign — reinforcing two‑sided sentiment that will amplify intraday moves. Pullback May Be The Opportunity
• Negative Sentiment: Post‑earnings sell‑off and margin/growth concerns: Despite the beat, shares fell sharply in post‑earnings trade as investors focused on guidance that implies lower gross margins and potential deceleration in AEC demand beyond FY26 — prompting fear that growth could slow into FY27. Beat, Raise, Drop 10%
• Negative Sentiment: Analysts trimming forecasts: several firms lowered targets/forecasts after the print, reflecting higher model uncertainty and pressuring near‑term sentiment. Analysts Slash Forecasts
• Negative Sentiment: Macro/sector volatility amplified the reaction: broader tech/A.I. swings (including geopolitical headlines and Nvidia‑led moves) increased risk‑off flows, magnifying Credo’s intraday volatility independent of fundamentals. Dow Jones Futures Fall
• Negative Sentiment: Customer concentration risk: commentary and transcripts note a high percentage of revenue from a few hyperscalers, which increases sensitivity to customer ordering patterns and can exacerbate perceived growth risk. Credo Expects >50% Revenue Growth

Insider Buying and Selling

In other Credo Technology Group news, Director Sylvia Acevedo sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $159.18, for a total transaction of $350,196.00. Following the sale, the director owned 18,545 shares in the company, valued at $2,951,993.10. This represents a 10.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $127.37, for a total value of $3,502,675.00. Following the completion of the transaction, the chief technology officer owned 6,299,870 shares of the company’s stock, valued at approximately $802,414,441.90. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. TD Cowen reissued 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 target price on the stock in a report on Tuesday, December 2nd. Roth Mkm reduced their price target on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Credo Technology Group in a research report on Tuesday. Finally, Zacks Research cut shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Credo Technology Group has an average rating of “Moderate Buy” and an average target price of $206.33.

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.