American Century Companies Inc. Has $142.33 Million Stock Position in Credo Technology Group Holding Ltd. $CRDO

American Century Companies Inc. lessened its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 7.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 977,439 shares of the company’s stock after selling 76,849 shares during the period. American Century Companies Inc. owned 0.56% of Credo Technology Group worth $142,325,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Credo Technology Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 16,525,380 shares of the company’s stock valued at $2,406,261,000 after buying an additional 150,012 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Credo Technology Group by 18.3% in the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after buying an additional 1,190,522 shares during the period. Geode Capital Management LLC increased its holdings in shares of Credo Technology Group by 4.7% in the second quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock valued at $334,740,000 after purchasing an additional 163,305 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Credo Technology Group by 66.0% during the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after acquiring an additional 1,218,504 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after buying an additional 589,151 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRDO has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Wolfe Research set a $240.00 target price on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Needham & Company LLC reissued a “buy” rating and set a $220.00 target price on shares of Credo Technology Group in a research report on Tuesday, February 10th. Finally, New Street Research set a $240.00 price objective on shares of Credo Technology Group in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Credo Technology Group presently has an average rating of “Moderate Buy” and an average target price of $209.29.

Credo Technology Group Trading Down 1.9%

CRDO stock opened at $112.27 on Monday. The firm has a market capitalization of $20.28 billion, a P/E ratio of 98.48 and a beta of 2.67. The firm has a 50 day moving average of $133.78 and a 200-day moving average of $143.60. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The company had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. During the same period in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 272.1% compared to the same quarter last year. Sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Zacks says Credo’s preliminary Q3 revenues topped prior guidance and analysts expect EPS to surge ~284% YoY, signaling strong demand into the quarter — this underpins near-term revenue/earnings momentum. Credo Technology to Report Q3 Earnings: How to Play the Stock?
• Positive Sentiment: Credo announced a partnership with TensorWave to deploy its ZeroFlap active electrical cables and optics into next‑gen AI clusters — a commercial win that supports adoption in high‑bandwidth AI infrastructure. Credo TensorWave AI Deal Highlights Growth Hopes And Valuation Tension
• Positive Sentiment: Seeking Alpha preview is bullish overall — ties Credo to the AI infrastructure supercycle, assigns a Buy and ~40% 12‑month upside while noting upside asymmetry for investors who time the Q3 read. Credo Q3 Preview: Asymmetry Is The Art Of Alpha
• Neutral Sentiment: Comparative pieces (Yahoo/Zacks) contrast Credo’s rapid AI‑driven revenue growth and aggressive market push with Texas Instruments’ scale — useful context for valuation and competitive positioning but not an immediate catalyst. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Another Zacks compare piece repeats the scale vs. growth framing, reinforcing investor debate over growth premium vs. incumbent stability. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Industry headlines (Marvell, Photronics, Zoom) shared in the feed provide broader semiconductor and data‑center context; they matter to sector sentiment but don’t directly change Credo’s near‑term fundamentals. How MRVL’s Celestial AI Acquisition Fills Its Critical Technology Gap?
• Negative Sentiment: Short‑interest data in the feed shows a large reported increase but the figures are internally inconsistent (zeros/NaN). If accurate, rising short interest could add downward pressure; the data’s unreliability itself is a market risk until clarified. Short Interest Report (data anomaly)

Insider Activity at Credo Technology Group

In other Credo Technology Group news, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $153.19, for a total transaction of $56,680,300.00. Following the completion of the transaction, the chief operating officer owned 400,000 shares of the company’s stock, valued at approximately $61,276,000. This trade represents a 48.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $153.16, for a total value of $7,658,000.00. Following the transaction, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at $289,855,606.32. The trade was a 2.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 917,976 shares of company stock valued at $136,567,647 in the last three months. Company insiders own 11.84% of the company’s stock.

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.