14,384 Shares in Credo Technology Group Holding Ltd. $CRDO Bought by Nordea Investment Management AB

Nordea Investment Management AB acquired a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,384 shares of the company’s stock, valued at approximately $2,084,000.

Several other large investors have also bought and sold shares of the stock. California Public Employees Retirement System boosted its position in Credo Technology Group by 17.2% during the second quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after acquiring an additional 37,772 shares during the last quarter. Optimize Financial Inc bought a new position in shares of Credo Technology Group in the 3rd quarter worth about $1,431,000. Estate Counselors LLC bought a new position in shares of Credo Technology Group in the 3rd quarter worth about $2,548,000. Global Trust Asset Management LLC acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at about $2,167,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Credo Technology Group by 106.5% in the 3rd quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock valued at $21,279,000 after purchasing an additional 75,369 shares during the period. 80.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRDO. New Street Research set a $240.00 target price on Credo Technology Group in a research note on Tuesday, December 2nd. Rosenblatt Securities reissued a “neutral” rating and issued a $125.00 price target on shares of Credo Technology Group in a research note on Monday, March 23rd. Barclays restated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. TD Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Finally, Craig Hallum reiterated a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Credo Technology Group has an average rating of “Buy” and a consensus target price of $206.33.

Credo Technology Group Stock Performance

CRDO stock opened at $95.24 on Friday. The stock’s 50 day simple moving average is $117.83 and its 200 day simple moving average is $141.19. The company has a market cap of $17.57 billion, a P/E ratio of 52.91 and a beta of 2.67. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was up 201.5% compared to the same quarter last year. Equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, Director Pantas Sutardja sold 1,875 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $128.67, for a total transaction of $241,256.25. Following the completion of the sale, the director owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. The trade was a 0.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $100.67, for a total transaction of $2,768,425.00. Following the transaction, the chief technology officer owned 6,217,370 shares in the company, valued at approximately $625,902,637.90. The trade was a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 453,601 shares of company stock valued at $58,779,070. 11.84% of the stock is owned by company insiders.

Credo Technology Group News Summary

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

• Positive Sentiment: New high‑end products deepen AI interconnect position — Credo rolled out its 1.6T Cardinal DSP push and expanded optical DSP lineup, reinforcing its roadmap for high‑bandwidth, power‑efficient AI links that can drive large data‑center design wins. Credo Expands AI Interconnect Play
• Positive Sentiment: Strong AI‑data‑center demand narrative — coverage highlights accelerating hyperscaler adoption, retimers/optical DSP scale and surging AEC (assembled‑electronics components) demand that support Credo’s revenue ramp. What Is Driving Credo’s Growth
• Positive Sentiment: Legal overhangs cleared — recent settlements with Molex and TE Connectivity resolve patent/active‑cable disputes, removing potential litigation uncertainty that could aid investor sentiment. Credo and Molex Settlement Credo and TE Connectivity Settlement
• Neutral Sentiment: Momentum‑stock recognition — Zacks includes CRDO in a short list of momentum anomaly picks, which can attract trend traders but adds volatility. 3 Momentum Anomaly Stocks to Buy
• Neutral Sentiment: Third‑party commentary points to potential catalyst from hyperscaler moves — some analysts/bloggers flag possible large partnerships (e.g., commentary on an Alphabet-related shift), but impacts are speculative until confirmed by customers. Seeking Alpha: Alphabet Game Changer
• Negative Sentiment: Execution and concentration risks remain — analyst deep dives caution that customer concentration, margin variability and the complexity of shifting to optical DSPs create execution risk that could amplify swings in results. Deep Dive: Catalysts, Risks & Valuation
• Negative Sentiment: High valuation and recent pullback — CRDO trades at a premium (elevated P/E and high beta) after large YTD gains; that premium makes it sensitive to short‑term profit‑taking and execution headlines.

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.