Barclays PLC Boosts Stake in Credo Technology Group Holding Ltd. $CRDO

Barclays PLC increased its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 181.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,082,081 shares of the company’s stock after acquiring an additional 696,983 shares during the period. Barclays PLC’s holdings in Credo Technology Group were worth $157,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Orion Porfolio Solutions LLC lifted its holdings in Credo Technology Group by 75.9% in the third quarter. Orion Porfolio Solutions LLC now owns 12,587 shares of the company’s stock valued at $1,833,000 after acquiring an additional 5,430 shares during the period. GW&K Investment Management LLC acquired a new position in shares of Credo Technology Group during the 3rd quarter worth $29,295,000. CI Investments Inc. increased its holdings in shares of Credo Technology Group by 5,340.1% in the 3rd quarter. CI Investments Inc. now owns 22,631 shares of the company’s stock valued at $3,295,000 after purchasing an additional 22,215 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in shares of Credo Technology Group in the 3rd quarter valued at about $252,000. Finally, Bedell Frazier Investment Counselling LLC acquired a new stake in shares of Credo Technology Group in the third quarter valued at about $203,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CRDO. Susquehanna decreased their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday, March 3rd. Roth Mkm dropped their target price on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Barclays reiterated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a research report on Thursday, January 15th. Wolfe Research set a $240.00 price target on Credo Technology Group in a report on Tuesday, December 2nd. Finally, Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $206.33.

Credo Technology Group News Summary

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

• Positive Sentiment: Big Q3 beat — Credo reported a blowout quarter with revenue up ~201% year-over-year, a solid EPS beat and strong margins, giving a fundamental growth story that supports higher valuations. Earnings/Reaction
• Positive Sentiment: M&A and partnerships broaden AI/data-center exposure — the CoMira acquisition and a TensorWave tie-up expand Credo’s connectivity IP and go-to-market for advanced AI racks, strengthening the company’s growth runway. CoMira Deal
• Positive Sentiment: Industry tailwinds and vendor positioning — Broadcom’s public tilt toward copper-based connectivity helped lift Credo, since its products align with that trend. Broadcom Signal
• Positive Sentiment: Analyst support and rising estimates — JPMorgan maintained an Overweight view and several outlets note upward revisions to earnings estimates and sizable average price-target upside, which can underpin medium-term upside. JPMorgan Note
• Neutral Sentiment: Short-interest reporting looks unreliable — recent short-interest posts show zero shares/NaN changes and a 0.0 days-to-cover metric, which likely reflects a data/reporting issue rather than meaningful short activity. (Internal short-interest entries)
• Negative Sentiment: Analyst downgrades and lowered expectations — multiple firms (including Rosenblatt, Susquehanna, Mizuho and others) have trimmed forecasts or expressed caution; those moves triggered a sharp gap down and a prior one-day ~15% sell-off. Downgrade/Share Drop
• Negative Sentiment: Post-earnings volatility and risk callouts — several pieces highlight that while results were strong, valuation sensitivity and execution risks could keep the stock choppy in the near term. Volatility Discussion

Insider Buying and Selling

In other Credo Technology Group news, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total transaction of $56,680,300.00. Following the completion of the transaction, the chief operating officer owned 400,000 shares of the company’s stock, valued at approximately $61,276,000. This trade represents a 48.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $9,608,500.00. Following the completion of the transaction, the chief technology officer directly owned 6,613,961 shares of the company’s stock, valued at approximately $1,155,458,986.70. This trade represents a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 916,101 shares of company stock worth $136,220,453 in the last ninety days. Insiders own 11.84% of the company’s stock.

Credo Technology Group Trading Down 4.3%

NASDAQ:CRDO opened at $109.83 on Friday. The firm has a 50-day moving average price of $129.70 and a two-hundred day moving average price of $143.15. 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 $20.26 billion, a P/E ratio of 61.02 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.29. The company had revenue of $407.01 million for 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 29.63%. The company’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 earnings per share. On average, equities research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Credo Technology Group Company 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.