Credo Technology Group Holding Ltd. $CRDO Shares Sold by Andra AP fonden

Andra AP fonden reduced its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 29.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,083 shares of the company’s stock after selling 69,117 shares during the period. Andra AP fonden’s holdings in Credo Technology Group were worth $15,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CRDO. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Credo Technology Group by 9.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock worth $39,004,000 after buying an additional 23,332 shares during the last quarter. FengHe Fund Management Pte. Ltd. increased its holdings in shares of Credo Technology Group by 5.7% in the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock valued at $23,349,000 after acquiring an additional 8,769 shares during the last quarter. M&T Bank Corp raised its position in shares of Credo Technology Group by 428.8% during the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after acquiring an additional 10,888 shares in the last quarter. Nordea Investment Management AB acquired a new stake in shares of Credo Technology Group during the 4th quarter worth about $2,084,000. Finally, Teacher Retirement System of Texas lifted its stake in Credo Technology Group by 486.2% during the fourth quarter. Teacher Retirement System of Texas now owns 239,721 shares of the company’s stock worth $34,493,000 after purchasing an additional 198,826 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $243.06, for a total transaction of $6,684,150.00. Following the sale, the chief technology officer owned 5,882,370 shares in the company, valued at approximately $1,429,768,852.20. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 40,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $249.48, for a total value of $9,979,200.00. Following the completion of the transaction, the chief financial officer directly owned 501,873 shares of the company’s stock, valued at approximately $125,207,276.04. This trade represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 302,162 shares of company stock valued at $70,897,646 in the last ninety days. Corporate insiders own 11.84% of the company’s stock.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Analysts and market commentators continue to highlight Credo’s exposure to AI infrastructure, especially its active electrical cables and SerDes retimers used to connect GPU racks in hyperscale data centers. Price Prediction: Credo Stock Will Trade at This Price in 2027
• Positive Sentiment: Investor letters and commentary point to Credo benefiting from increasing connectivity demand, reinforcing the idea that the company is well positioned in AI networking and optical infrastructure. Credo Technology Gains from Increasing Connectivity Challenge
• Positive Sentiment: Several recent articles frame CRDO as a semiconductor supply-chain stock worth buying on the dip, citing demand for AI chip testing, packaging, and high-speed connectivity as potential support for a recovery. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: One recent write-up noted the stock’s sharp short-term pullback, but also argued that the sell-off may be an opportunity if Credo can sustain its revenue growth and AI networking momentum. Price Prediction: Credo Stock Will Trade at This Price in 2027
• Negative Sentiment: Broader semiconductor coverage suggests that strong AI-related gains across the sector may leave limited upside near term, which could temper enthusiasm if valuation remains rich. Barclays upgrades Lumentum, cuts Allegro, Penguin before chip earnings

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRDO shares. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Needham & Company LLC boosted their price objective on shares of Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. 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 increased their target price on shares of Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Bank of America lifted their price target on shares of Credo Technology Group from $252.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $266.17.

Credo Technology Group Stock Up 5.6%

Shares of Credo Technology Group stock opened at $223.87 on Wednesday. The company’s 50-day simple moving average is $232.65 and its 200-day simple moving average is $168.33. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The firm has a market cap of $41.75 billion, a price-to-earnings ratio of 90.27, a price-to-earnings-growth ratio of 0.97 and a beta of 3.20.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business’s revenue was up 157.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current 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.