Carnegie Investment Counsel Decreases Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

Carnegie Investment Counsel trimmed its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,314 shares of the company’s stock after selling 11,153 shares during the quarter. Carnegie Investment Counsel owned 0.13% of Credo Technology Group worth $34,867,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA purchased a new stake in Credo Technology Group in the fourth quarter worth $1,824,000. Apollon Wealth Management LLC increased its position in Credo Technology Group by 4.7% in the fourth quarter. Apollon Wealth Management LLC now owns 7,078 shares of the company’s stock worth $1,018,000 after buying an additional 316 shares during the last quarter. Spirepoint Private Client LLC increased its position in Credo Technology Group by 6.6% in the fourth quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company’s stock worth $243,000 after buying an additional 105 shares during the last quarter. Trilogy Capital Inc. purchased a new stake in Credo Technology Group in the fourth quarter worth $3,883,000. Finally, Yarger Wealth Strategies LLC increased its position in Credo Technology Group by 18.2% in the fourth quarter. Yarger Wealth Strategies LLC now owns 2,280 shares of the company’s stock worth $328,000 after buying an additional 351 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CRDO has been the subject of a number of recent research reports. Mizuho decreased their target price on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, March 3rd. Barclays reissued an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a research report on Thursday, January 15th. Craig Hallum reissued a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Susquehanna decreased their target price on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Credo Technology Group currently has an average rating of “Buy” and a consensus price target of $206.33.

Insiders Place Their Bets

In other news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $5,884,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,782,502 shares of the company’s stock, valued at $209,764,835.36. This trade represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Chi Fung Cheng sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $136.33, for a total value of $4,089,900.00. Following the completion of the transaction, the chief technology officer directly owned 6,327,370 shares of the company’s stock, valued at $862,610,352.10. The trade was a 0.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 391,119 shares of company stock valued at $46,493,731 over the last ninety days. Corporate insiders own 11.84% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Very strong reported growth — Credo’s revenue is up ~200% year‑over‑year, and deepening hyperscaler adoption is cited as driving near‑term AEC (short‑reach copper) demand that supports AI data‑center growth. Credo Technology’s 201.49% Revenue Growth Makes the YTD Dip a Buy Opportunity to $125.16
• Positive Sentiment: Analyst backing and price targets remain bullish — the consensus Buy rating and average targets (around $200+) are providing demand support and give investors an explicit upside case. Credo Technology Group Receives Average Rating of “Buy” from Analysts
• Positive Sentiment: Legal overhang reduced — reported settlements with TE Connectivity and Molex remove prior litigation uncertainty that had pressured valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Neutral Sentiment: Media/watchlist coverage highlights CRDO as a volatile, high‑growth data‑center name — useful context for investors but less likely to move price by itself. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Clustered insider selling — multiple Form 4s (including the CTO) show sizable dollar sales in early April under 10b5‑1 plans; while ownership changes are small in percent terms, the volume can pressure near‑term sentiment. Insider Selling: Credo CTO Sells 27,500 Shares
• Negative Sentiment: Valuation and concentration risks — commentary warns CRDO may be priced for perfection after its big run and that heavy revenue dependence on a few hyperscalers could create execution/pricing risk. Is It Too Late to Buy Credo Technology Stock (CRDO)?

Credo Technology Group Price Performance

Credo Technology Group stock opened at $119.79 on Friday. Credo Technology Group Holding Ltd. has a one year low of $33.04 and a one year high of $213.80. The business has a fifty day moving average price of $111.31 and a 200-day moving average price of $137.04. The firm has a market capitalization of $22.09 billion, a P/E ratio of 66.55 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly 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. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million during the quarter, compared to analyst estimates of $385.94 million. During the same period last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 201.5% on a year-over-year basis. Sell-side analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Credo Technology Group 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.