Allspring Global Investments Holdings LLC Boosts Holdings in Credo Technology Group Holding Ltd. $CRDO

Allspring Global Investments Holdings LLC lifted its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 155.3% in the first quarter, Holdings Channel reports. The institutional investor owned 561,176 shares of the company’s stock after acquiring an additional 341,356 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Credo Technology Group were worth $53,828,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Independent Financial Group LLC acquired a new position in Credo Technology Group during the first quarter worth $2,213,000. Wealthfront Advisers LLC boosted its holdings in Credo Technology Group by 60.5% during the 1st quarter. Wealthfront Advisers LLC now owns 3,055 shares of the company’s stock valued at $287,000 after acquiring an additional 1,152 shares during the period. D.A. Davidson & CO. purchased a new position in Credo Technology Group during the 1st quarter valued at about $341,000. Bank of New York Mellon Corp grew its position in Credo Technology Group by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 663,212 shares of the company’s stock valued at $62,256,000 after acquiring an additional 1,932 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in Credo Technology Group by 117.1% in the 1st quarter. Sanctuary Advisors LLC now owns 61,155 shares of the company’s stock valued at $5,741,000 after acquiring an additional 32,988 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group News Roundup

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

• Positive Sentiment: Credo’s free cash flow surged to $177.5 million, which strengthens its balance sheet and gives the company more flexibility to fund innovation, pursue acquisitions, and expand its AI-driven connectivity business. That kind of cash generation is typically viewed favorably by investors. Credo’s Free Cash Flow Soars: Can the Momentum Continue?
• Positive Sentiment: The company also drew a mention from an investment manager’s Q2 2026 letter, which can reinforce the view that institutional investors see Credo as a strong growth name in the small-cap tech space. Here’s Why Credo Technology Group Holding Ltd (CRDO) is on the Detector List of the Fund
• Neutral Sentiment: Several articles focused on insider selling, including a planned sale by a Credo executive and other executives, but the transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily signal a negative change in fundamentals. Still, investors may view the sales cautiously after the stock’s sharp move higher. A Credo Executive Sold Nearly $24 Million in Stock Across Two Sales in One Day
• Neutral Sentiment: Another note highlighted that the company remains a market favorite after a major rally, with the discussion centered more on valuation and recent price gains than on a new business catalyst. What This Billionaire Co-Founder’s Credo Sale Signals With Shares Up 139%
• Neutral Sentiment: A separate market commentary piece mentioned Credo among potential buy-the-dip opportunities in a volatile AI-capex environment, but it was broader market analysis rather than company-specific news. Steven Cress’ Top 2 Stocks H2 2026

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CFO Daniel W. Fleming sold 7,580 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $245.88, for a total transaction of $1,863,770.40. Following the transaction, the chief financial officer owned 504,708 shares of the company’s stock, valued at approximately $124,097,603.04. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylvia Acevedo sold 2,208 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $211.00, for a total value of $465,888.00. Following the completion of the sale, the director directly owned 16,337 shares of the company’s stock, valued at approximately $3,447,107. This trade represents a 11.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 329,662 shares of company stock worth $76,068,196 over the last 90 days. 11.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRDO has been the topic of a number of recent research reports. Susquehanna boosted their price target on shares of Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. TD Cowen upped their target price on shares of Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Roth Capital increased their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Needham & Company LLC raised their price target on shares of Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credo Technology Group presently has a consensus rating of “Buy” and a consensus price target of $263.11.

Credo Technology Group Trading Down 2.5%

Credo Technology Group stock opened at $202.68 on Friday. The company has a fifty day simple moving average of $232.10 and a 200-day simple moving average of $167.13. The stock has a market cap of $37.80 billion, a P/E ratio of 81.73, a price-to-earnings-growth ratio of 0.93 and a beta of 3.20. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.14. The business had revenue of $437.00 million during the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The business’s quarterly revenue was up 157.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. As a group, sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

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.