Credo Technology Group Holding Ltd. $CRDO Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 956,211 shares of the company’s stock after selling 62,755 shares during the quarter. Dimensional Fund Advisors LP owned about 0.55% of Credo Technology Group worth $139,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group in the third quarter valued at $25,000. First Horizon Corp acquired a new stake in Credo Technology Group during the third quarter worth about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Credo Technology Group during the second quarter worth about $27,000. Smartleaf Asset Management LLC raised its holdings in shares of Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after purchasing an additional 147 shares during the period. Finally, Park Place Capital Corp acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at about $41,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRDO. Roth Mkm cut their price target on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Craig Hallum reiterated a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the stock a “buy” rating in a research report on Thursday, February 19th. KGI Securities upgraded shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 target price on the stock in a report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Credo Technology Group presently has a consensus rating of “Buy” and an average price target of $206.33.

Credo Technology Group News Summary

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

• Positive Sentiment: Huge Q3 beat and hypergrowth — Credo reported ~201.5% YoY revenue growth, an EPS beat and strong profitability metrics that validate rapid data‑center demand and support long‑term upside. Credo Technologies Hits Bottom: Now Is the Time to Buy
• Positive Sentiment: New ZeroFlap optics product could lift future margins and wins — Credo unveiled ZeroFlap optics aimed at much higher reliability and lower power for AI data centers, a product-market fit that could accelerate bookings if hyperscalers ramp. Can Accelerating ZeroFlap Optics Ramp Buoy Credo’s Growth Trajectory?
• Positive Sentiment: Industry momentum / peer catalysts — Broadcom’s Q1 strength has been cited as a tailwind for connectivity suppliers, with Credo named as a beneficiary of stronger hyperscaler capex. The Real Winner from Broadcom’s Q1 Earnings Is This 1 Lesser-Known Stock
• Neutral Sentiment: Institutional positioning and analyst coverage point to conviction but also mixed price targets — institutional accumulation is support, yet targets vary. Credo Technologies Hits Bottom: Now Is the Time to Buy
• Neutral Sentiment: Reported short‑interest data appears inconsistent/garbled (zero shares / NaN increases); the print is unreliable and shouldn’t be taken as a clear bearish signal. (Data entries dated March 9–10.)
• Neutral Sentiment: Reference financials available for deeper due diligence (Barron’s company financial page). Credo Technology Group Holding Ltd. Financials
• Negative Sentiment: Near‑term sentiment headwinds — the post‑earnings period produced a sell‑the‑news reaction; management flagged some gross‑margin compression and client concentration risks (three large hyperscaler customers), which can pressure the stock until further order visibility emerges. Credo Technologies Hits Bottom: Now Is the Time to Buy

Credo Technology Group Stock Down 3.1%

Shares of NASDAQ:CRDO opened at $112.33 on Wednesday. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80. The company has a 50 day moving average of $128.47 and a two-hundred day moving average of $143.44. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 62.41 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The business 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%. The business’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Insider Buying and Selling at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $143.41, for a total transaction of $7,887,550.00. Following the completion of the transaction, the chief technology officer directly owned 6,448,961 shares in the company, valued at approximately $924,845,497.01. This represents a 0.85% decrease in their position. The transaction was disclosed in a filing 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, December 11th. The stock was sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the completion of the sale, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at approximately $289,855,606.32. This trade represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 861,101 shares of company stock valued at $126,611,953 in the last ninety days. 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.