Emerald Advisers LLC Trims Stock Position in Credo Technology Group Holding Ltd. $CRDO

Emerald Advisers LLC trimmed its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 34.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 597,134 shares of the company’s stock after selling 314,380 shares during the quarter. Credo Technology Group makes up approximately 2.8% of Emerald Advisers LLC’s holdings, making the stock its 2nd largest position. Emerald Advisers LLC owned 0.35% of Credo Technology Group worth $86,949,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CRDO. Vanguard Group Inc. boosted its holdings in Credo Technology Group by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,375,368 shares of the company’s stock worth $1,516,195,000 after purchasing an additional 430,445 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Credo Technology Group by 36.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock valued at $602,662,000 after buying an additional 1,739,844 shares during the period. Geode Capital Management LLC grew its position 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 valued at $334,740,000 after buying an additional 163,305 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Credo Technology Group by 66.0% during the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after buying an additional 1,218,504 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after acquiring an additional 589,151 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $139.16 on Thursday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The firm has a market capitalization of $25.14 billion, a PE ratio of 122.07 and a beta of 2.66. The stock has a fifty day moving average of $151.97 and a two-hundred day moving average of $140.23.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $268.03 million for 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 company’s revenue was up 272.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 earnings per share. Equities research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Record quarter and raised guidance: Credo reported a blowout Q2 FY26 (revenue $268M, +272% YoY) and management raised next-quarter revenue guidance, which underpins the company’s rapid AI/data‑center revenue expansion. Read More.
• Positive Sentiment: Strong analyst bullishness and higher price targets: Multiple firms (Bank of America, Wolfe, Needham, others) have raised targets (consensus avg ~$220), signaling continued upside expectations based on rapid growth and AEC/AI demand. Read More.
• Positive Sentiment: Investor narratives favor long-term entry after pullback: Several retail/analyst pieces frame the recent pullback as a buying opportunity given Credo’s product roadmap (ZeroFlap, Hyperlume) and high-margin positioning in AI networking. Read More.
• Neutral Sentiment: New coverage with cautious tone: Rosenblatt initiated coverage with a “neutral” rating and $170 target (about mid‑single‑digit to low‑double upside from recent levels), which could temper immediate upside despite other bullish targets. Read More.
• Neutral Sentiment: ETF/connectivity trend discussion: Coverage highlighting Credo’s role in data‑center connectivity and Nasdaq‑100/ETF trends may support passive demand over time but is not an immediate catalyst. Read More.
• Neutral Sentiment: Heavy institutional ownership and elevated volume: ~80% institutional ownership and today’s above‑average trading volume increase volatility — can amplify moves in either direction. Read More.
• Negative Sentiment: Insider selling by CTO: Credo’s CTO, Chi Fung Cheng, has sold multiple blocks recently (most recently 30,000 shares at ~$155.47), a sequence of sales that may spook some investors despite remaining a large holder. SEC filing available. Read More.

Insider Activity

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $143.94, for a total transaction of $7,916,700.00. Following the completion of the transaction, the chief technology officer directly owned 6,558,961 shares of the company’s stock, valued at approximately $944,096,846.34. This trade represents a 0.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $171.23, for a total value of $8,561,500.00. Following the transaction, the chief executive officer owned 1,942,502 shares in the company, valued at approximately $332,614,617.46. This trade represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 995,476 shares of company stock worth $154,189,463 over the last three months. Corporate insiders own 11.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wolfe Research set a $240.00 target price on Credo Technology Group in a research note on Tuesday, December 2nd. Rosenblatt Securities began coverage on Credo Technology Group in a research report on Wednesday. They set a “neutral” rating and a $170.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. Needham & Company LLC raised their target price on Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of Credo Technology Group in a research report on Friday, October 17th. They set an “overweight” rating and a $165.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Credo Technology Group presently has an average rating of “Buy” and a consensus price target of $216.54.

About Credo Technology Group

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.