Credo Technology Group Holding Ltd. $CRDO Shares Bought by CI Investments Inc.

CI Investments Inc. raised its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 5,340.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,631 shares of the company’s stock after buying an additional 22,215 shares during the period. CI Investments Inc.’s holdings in Credo Technology Group were worth $3,295,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new position in Credo Technology Group in the 3rd quarter valued at approximately $25,000. First Horizon Corp acquired a new stake in Credo Technology Group in the third quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Credo Technology Group in the second quarter valued at $27,000. Smartleaf Asset Management LLC raised its stake in shares of Credo Technology Group by 133.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after buying an additional 147 shares during the last quarter. Finally, Park Place Capital Corp purchased a new stake in shares of Credo Technology Group in the 3rd quarter worth about $41,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other news, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $127.69, for a total transaction of $6,384,500.00. Following the transaction, the chief executive officer directly owned 1,832,502 shares in the company, valued at $233,992,180.38. This represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel W. Fleming sold 3,902 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $140.15, for a total transaction of $546,865.30. Following the completion of the sale, the chief financial officer owned 446,178 shares of the company’s stock, valued at approximately $62,531,846.70. The trade was a 0.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 917,976 shares of company stock worth $136,567,647 over the last ninety days. Insiders own 11.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CRDO shares. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reissued 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 Credo Technology Group in a research note on Tuesday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Credo Technology Group in a report on Tuesday. Finally, Mizuho cut their price target on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $206.33.

Credo Technology Group Stock Performance

CRDO stock opened at $102.54 on Thursday. The company has a 50 day moving average price of $131.11 and a two-hundred day moving average price of $143.15. The stock has a market capitalization of $18.52 billion, a P/E ratio of 56.97 and a beta of 2.67. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 37.17% and a net margin of 31.81%.The business’s revenue was up 201.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share. Research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Q3 earnings beat and raised revenue outlook: Credo reported record Q3 revenue (~$407M) and topped EPS/revenue estimates; management gave Q4 revenue guidance above Street consensus, supporting continued high growth expectations. CRDO Q3 Earnings Highlights
• Positive Sentiment: Product ramps and strategic deals: Credo highlighted accelerating ZeroFlap optics ramp, a TensorWave partnership and the CoMira acquisition — moves that expand its AI interconnect addressable market. These operational catalysts underpin bullish long‑term growth narratives. Credo & TensorWave Team Up
• Positive Sentiment: Analyst buy reiterations: Several firms (e.g., Needham, William Blair, BofA) reiterated Buy ratings or remained constructive, providing support for upside expectations despite some PT cuts. Wall Street Bullish on Credo
• Neutral Sentiment: Mixed price-target moves: Several firms adjusted targets — some trimming numbers (Susquehanna, Mizuho, Rosenblatt, Stifel) even while keeping positive/outperform stances. That yields divergent analyst views and wider modeled outcomes. Analysts Slash Forecasts
• Neutral Sentiment: Short-interest data appears noisy: recent feeds show zero or malformed short‑interest figures (likely a reporting/data issue) — not meaningful evidence of a short squeeze or new short pressure. (No reliable link available)
• Neutral Sentiment: Investor commentary split: multiple independent pieces frame the post‑earnings pullback as either a buying opportunity or a warning sign — reinforcing two‑sided sentiment that will amplify intraday moves. Pullback May Be The Opportunity
• Negative Sentiment: Post‑earnings sell‑off and margin/growth concerns: Despite the beat, shares fell sharply in post‑earnings trade as investors focused on guidance that implies lower gross margins and potential deceleration in AEC demand beyond FY26 — prompting fear that growth could slow into FY27. Beat, Raise, Drop 10%
• Negative Sentiment: Analysts trimming forecasts: several firms lowered targets/forecasts after the print, reflecting higher model uncertainty and pressuring near‑term sentiment. Analysts Slash Forecasts
• Negative Sentiment: Macro/sector volatility amplified the reaction: broader tech/A.I. swings (including geopolitical headlines and Nvidia‑led moves) increased risk‑off flows, magnifying Credo’s intraday volatility independent of fundamentals. Dow Jones Futures Fall
• Negative Sentiment: Customer concentration risk: commentary and transcripts note a high percentage of revenue from a few hyperscalers, which increases sensitivity to customer ordering patterns and can exacerbate perceived growth risk. Credo Expects >50% Revenue Growth

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.