Credo Technology Group Holding Ltd. $CRDO Shares Sold by FengHe Fund Management Pte. Ltd.

FengHe Fund Management Pte. Ltd. decreased its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 77.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,500 shares of the company’s stock after selling 527,055 shares during the quarter. Credo Technology Group comprises about 2.0% of FengHe Fund Management Pte. Ltd.’s portfolio, making the stock its 21st biggest holding. FengHe Fund Management Pte. Ltd. owned approximately 0.09% of Credo Technology Group worth $22,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Credo Technology Group by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 16,375,368 shares of the company’s stock valued at $1,516,195,000 after acquiring an additional 430,445 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Credo Technology Group by 36.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock worth $602,662,000 after purchasing an additional 1,739,844 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Credo Technology Group by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock worth $334,740,000 after purchasing an additional 163,305 shares during the last quarter. Swedbank AB grew its position in shares of Credo Technology Group by 29.5% in the first quarter. Swedbank AB now owns 3,219,125 shares of the company’s stock valued at $129,280,000 after purchasing an additional 733,811 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Credo Technology Group by 66.0% in the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after purchasing an additional 1,218,504 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRDO. Roth Capital boosted their price objective on Credo Technology Group from $170.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Barclays boosted their price target on shares of Credo Technology Group from $165.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. New Street Research set a $240.00 price objective on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Wall Street Zen raised shares of Credo Technology Group from a “hold” rating to a “buy” rating in a research note on Sunday, September 28th. Finally, KGI Securities raised shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price target for the company in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credo Technology Group currently has an average rating of “Buy” and an average target price of $217.08.

Insiders Place Their Bets

In other Credo Technology Group news, CFO Daniel W. Fleming sold 3,902 shares of Credo Technology Group stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $140.15, for a total value of $546,865.30. Following the completion of the transaction, the chief financial officer directly owned 446,178 shares of the company’s stock, valued at $62,531,846.70. The trade was a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Joseph Brennan sold 9,476 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $139.54, for a total transaction of $1,322,281.04. Following the sale, the chief executive officer owned 270,641 shares in the company, valued at $37,765,245.14. This trade represents a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,122,684 shares of company stock valued at $172,412,801. Insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $150.42 on Friday. The company’s 50 day simple moving average is $154.28 and its 200-day simple moving average is $136.55. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The company has a market capitalization of $27.17 billion, a price-to-earnings ratio of 131.95 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $268.03 million during the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm’s quarterly revenue was up 272.1% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. Equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Key Credo Technology Group News

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

• Positive Sentiment: Needham named Credo a 2026 “top pick,” calling it an attractive way to play the AI/data‑center connectivity ramp — a high‑profile analyst endorsement likely lifted investor sentiment and buying. Credo Stock Jumps After Analyst Makes the AI Play a ‘Top Pick’ for 2026
• Positive Sentiment: Unusually large volume in call options indicates bullish speculative positioning and demand for upside exposure, supporting near‑term price strength. Investors Buy High Volume of Call Options on Credo Technology Group (NASDAQ:CRDO)
• Positive Sentiment: Coverage pieces highlighting Credo as a “must‑buy” AI/semiconductor name and stories explaining the 7.3% move draw attention to the company’s strong AEC (Active Electrical Cable) adoption and AI tailwinds. Those narratives are attracting momentum traders. Why Credo Technology Group Holding Ltd’s (CRDO) Stock Is Up 7.30%
• Positive Sentiment: Analyst/sector pieces that group Credo with other top-ranked semiconductor/AI beneficiaries (NVDA, MU) reinforce the view that rising semiconductor and data‑center spend should sustain revenue momentum. 4 Top‑Ranked Tech Stocks to Buy as Semiconductor Rally Continues
• Neutral Sentiment: Wall‑Street commentary continues to treat Credo as an up‑and‑coming name; Bank of America lowered its price target from $240 to $200 but kept a Buy — mixed signal (lower target but maintained conviction). Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?
• Negative Sentiment: Material insider selling from top executives: CEO William Brennan and CFO Daniel Fleming sold multiple blocks of shares (early Jan filings), reducing their holdings by several percent — a development that can weigh on sentiment despite company fundamentals. SEC filings available. CEO Form 4 CFO Form 4
• Negative Sentiment: Additional reported insider selling (CTO) and media notes that the stock briefly traded down after insider sales highlight that insiders are taking chips off the table, which could cap gains if selling continues. Insider Selling: CTO Sells $4.3M in Stock Trading Down After Insider Selling

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.