Barclays PLC Boosts Stake in Credo Technology Group Holding Ltd. $CRDO

Barclays PLC lifted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 181.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,082,081 shares of the company’s stock after purchasing an additional 696,983 shares during the quarter. Barclays PLC owned approximately 0.63% of Credo Technology Group worth $157,562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group during the third quarter worth approximately $25,000. First Horizon Corp acquired a new stake in shares of Credo Technology Group in the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its position in shares of Credo Technology Group by 133.6% during the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after acquiring an additional 147 shares during the last quarter. Park Place Capital Corp purchased a new position in shares of Credo Technology Group during the third quarter worth approximately $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Credo Technology Group in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO opened at $109.83 on Friday. The stock has a fifty day moving average price of $129.70 and a 200 day moving average price of $143.15. 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 cap of $20.26 billion, a PE ratio of 61.02 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.29. The company had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. Credo Technology Group’s revenue was up 201.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS. Analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Big Q3 beat — Credo reported a blowout quarter with revenue up ~201% year-over-year, a solid EPS beat and strong margins, giving a fundamental growth story that supports higher valuations. Earnings/Reaction
• Positive Sentiment: M&A and partnerships broaden AI/data-center exposure — the CoMira acquisition and a TensorWave tie-up expand Credo’s connectivity IP and go-to-market for advanced AI racks, strengthening the company’s growth runway. CoMira Deal
• Positive Sentiment: Industry tailwinds and vendor positioning — Broadcom’s public tilt toward copper-based connectivity helped lift Credo, since its products align with that trend. Broadcom Signal
• Positive Sentiment: Analyst support and rising estimates — JPMorgan maintained an Overweight view and several outlets note upward revisions to earnings estimates and sizable average price-target upside, which can underpin medium-term upside. JPMorgan Note
• Neutral Sentiment: Short-interest reporting looks unreliable — recent short-interest posts show zero shares/NaN changes and a 0.0 days-to-cover metric, which likely reflects a data/reporting issue rather than meaningful short activity. (Internal short-interest entries)
• Negative Sentiment: Analyst downgrades and lowered expectations — multiple firms (including Rosenblatt, Susquehanna, Mizuho and others) have trimmed forecasts or expressed caution; those moves triggered a sharp gap down and a prior one-day ~15% sell-off. Downgrade/Share Drop
• Negative Sentiment: Post-earnings volatility and risk callouts — several pieces highlight that while results were strong, valuation sensitivity and execution risks could keep the stock choppy in the near term. Volatility Discussion

Wall Street Analysts Forecast Growth

Several analysts recently commented on CRDO shares. New Street Research set a $240.00 price target on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Bank of America lifted their price objective on shares of Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Barclays reaffirmed an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. Roth Mkm decreased their target price on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Craig Hallum reissued a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $206.33.

Insiders Place Their Bets

In other news, CEO William Joseph Brennan sold 18,016 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $127.69, for a total transaction of $2,300,463.04. Following the transaction, the chief executive officer directly owned 252,625 shares in the company, valued at $32,257,686.25. The trade was a 6.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel W. Fleming sold 3,902 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $140.15, for a total transaction of $546,865.30. Following the transaction, the chief financial officer directly owned 446,178 shares of the company’s stock, valued at $62,531,846.70. This represents a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 916,101 shares of company stock valued at $136,220,453. Corporate 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.