Emerald Mutual Fund Advisers Trust Sells 154,237 Shares of Credo Technology Group Holding Ltd. $CRDO

Emerald Mutual Fund Advisers Trust trimmed its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 30.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 349,619 shares of the company’s stock after selling 154,237 shares during the quarter. Credo Technology Group makes up approximately 2.6% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 3rd largest position. Emerald Mutual Fund Advisers Trust owned about 0.20% of Credo Technology Group worth $50,908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRDO. JPMorgan Chase & Co. grew its holdings in shares of Credo Technology Group by 36.5% during the second quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock worth $602,662,000 after buying an additional 1,739,844 shares in the last quarter. Alliancebernstein L.P. grew its stake in 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 acquiring an additional 1,218,504 shares in the last quarter. 1832 Asset Management L.P. purchased a new stake in Credo Technology Group during the 2nd quarter valued at about $82,479,000. Invesco Ltd. raised its holdings in Credo Technology Group by 160.7% in the 2nd quarter. Invesco Ltd. now owns 1,118,119 shares of the company’s stock valued at $103,527,000 after acquiring an additional 689,202 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. purchased a new position in Credo Technology Group in the 2nd quarter worth approximately $63,013,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Down 2.9%

NASDAQ:CRDO opened at $135.10 on Friday. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80. The stock’s fifty day moving average is $151.81 and its two-hundred day moving average is $140.19. The company has a market capitalization of $24.40 billion, a P/E ratio of 118.51 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results 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 business had revenue of $268.03 million during the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The company’s revenue was up 272.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. Sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRDO has been the subject of a number of analyst reports. Stifel Nicolaus set a $160.00 price target on Credo Technology Group in a research report on Wednesday, October 1st. Needham & Company LLC upped their target price on Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Barclays reissued an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a research report on Thursday, January 15th. Finally, Roth Mkm raised their price objective on shares of Credo Technology Group from $170.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Buy” and a consensus price target of $216.54.

Insider Buying and Selling at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $155.47, for a total value of $4,664,100.00. Following the sale, the chief technology officer directly owned 6,357,370 shares of the company’s stock, valued at approximately $988,380,313.90. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Laufman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider owned 214,905 shares in the company, valued at approximately $32,235,750. This represents a 4.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 995,476 shares of company stock valued at $154,189,463. 11.84% of the stock is currently owned by company insiders.

Key Credo Technology Group News

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

• Positive Sentiment: Strong fundamental print and continued bullish analyst targets: Credo reported a blowout quarter (revenue up ~272% YoY, EPS beat) and several firms have lifted price targets (Bank of America and Wolfe to $240, Needham to $220), supporting a constructive medium‑term view. Article Title
• Positive Sentiment: Headline buy-the-dip narratives: Two recent pieces argue the recent pullback is a clean entry for growth investors given Credo’s data‑center positioning and revenue momentum, which can attract bargain hunters and retail flows. Credo Just Pulled Back—This Might Be the Cleanest Entry Point MSN Copy
• Neutral Sentiment: New coverage from Rosenblatt: Rosenblatt initiated coverage with a Neutral rating and a $170 price target — neither a strong buy signal nor a downgrade, but it provides an independent reference point for investors. Rosenblatt Initiates Coverage
• Neutral Sentiment: Analyst roundup and ETF/connectivity coverage: Industry articles summarize mixed analyst views and discuss Credo’s fit in connectivity/ETF themes — useful context but less immediately catalytic than earnings or insider moves. Where Credo Stands With Analysts Connectivity Trends
• Negative Sentiment: Significant insider selling: Credo’s CTO has sold multiple large blocks across December and January (most recently 30,000 shares), which may spook investors and create short‑term selling pressure despite the executive retaining a large stake. Insider Filing

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.