Credo Technology Group Holding Ltd. $CRDO is Algert Global LLC’s 3rd Largest Position

Algert Global LLC lifted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 52.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,730 shares of the company’s stock after buying an additional 91,968 shares during the period. Credo Technology Group makes up approximately 0.6% of Algert Global LLC’s portfolio, making the stock its 3rd biggest holding. Algert Global LLC owned 0.15% of Credo Technology Group worth $38,693,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CRDO. Savant Capital LLC grew its stake in Credo Technology Group by 0.7% in the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after purchasing an additional 68 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Credo Technology Group by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock worth $2,298,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Credo Technology Group by 18.0% in the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock worth $97,000 after buying an additional 101 shares during the last quarter. GAMMA Investing LLC grew its position in Credo Technology Group by 6.7% during the third quarter. GAMMA Investing LLC now owns 1,891 shares of the company’s stock valued at $275,000 after buying an additional 118 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Credo Technology Group by 28.3% during the third quarter. EverSource Wealth Advisors LLC now owns 643 shares of the company’s stock worth $94,000 after buying an additional 142 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

Credo Technology Group News Summary

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

• Positive Sentiment: Strong quarterly results and growth outlook: Credo reported a record quarter with a sizable EPS and revenue beat, plus high margins and strong year‑over‑year revenue growth — a key reason investors have been bidding the stock up. Credo Technology Soars on Record Earnings and Growth
• Positive Sentiment: Product visibility at OFC 2026: Credo will showcase optical solutions for AI scale‑out fabrics at the OFC conference, highlighting demand exposure to AI/datacenter customers that can support revenue growth. Credo to Showcase Optical Solutions for AI Scale-Out Fabrics at OFC 2026
• Positive Sentiment: Analyst/BRI commentary bullish on long‑term thesis: A recent Seeking Alpha piece highlights growing hyperscaler adoption, ~88% AEC market share, and an R&D/sampling pipeline (next‑gen 1.6Tb AECs and active cables) that could drive material revenue recognition in FY2027 — supporting a constructive investment case. Credo: Meltdown’s A Gift – Growing Hyperscaler Adoption, Robust R&D/Sampling Cadence
• Neutral Sentiment: Short interest reporting appears anomalous: Recent short‑interest entries show 0 shares and NaN changes — likely a reporting/data issue rather than a meaningful change in bearish positioning; this should be treated as neutral until clarified.
• Negative Sentiment: Insider sales by senior executives may create short‑term pressure: CEO William Brennan sold a total of 68,016 shares on March 11 (multiple filings) and CTO Chi Fung Cheng sold 27,500 shares the same day. These disclosures can trigger investor concern about insider liquidity or timing, even though insiders still hold large positions. SEC filings: CEO Form 4 and CTO Form 4

Credo Technology Group Stock Up 5.5%

Shares of NASDAQ:CRDO opened at $117.69 on Friday. The firm has a market capitalization of $21.71 billion, a PE ratio of 65.38 and a beta of 2.67. The company has a 50-day moving average price of $126.75 and a two-hundred day moving average price of $143.20. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results 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. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The company had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 201.5% compared to the same quarter last year. Analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $150.77, for a total transaction of $8,292,350.00. Following the completion of the transaction, the chief technology officer owned 6,503,961 shares of the company’s stock, valued at $980,602,199.97. The trade was a 0.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $127.69, for a total value of $6,384,500.00. Following the sale, the chief executive officer owned 1,832,502 shares in the company, valued at approximately $233,992,180.38. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 518,601 shares of company stock valued at $70,752,445. 11.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CRDO has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. TD Cowen reissued a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Rosenblatt Securities decreased their price target on shares of Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Finally, Susquehanna reduced their price objective on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a report on Tuesday, March 3rd. Two equities research 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 stock. According to MarketBeat, Credo Technology Group has an average rating of “Buy” and a consensus target price of $206.33.

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.