Nisa Investment Advisors LLC Purchases 8,520 Shares of Credo Technology Group Holding Ltd. $CRDO

Nisa Investment Advisors LLC grew its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 231.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,204 shares of the company’s stock after acquiring an additional 8,520 shares during the period. Nisa Investment Advisors LLC’s holdings in Credo Technology Group were worth $1,777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRDO. Park Place Capital Corp bought a new stake in Credo Technology Group in the 3rd quarter valued at $41,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Credo Technology Group in the second quarter valued at $27,000. Wolff Wiese Magana LLC raised its position in shares of Credo Technology Group by 200.0% in the second quarter. Wolff Wiese Magana LLC now owns 450 shares of the company’s stock valued at $42,000 after purchasing an additional 300 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Credo Technology Group by 278.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 473 shares of the company’s stock worth $44,000 after buying an additional 348 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Credo Technology Group by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $46,000 after buying an additional 333 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Credo reported a blowout quarter (large revenue beat and big year-over-year growth), which is the core fundamental reason institutional and retail momentum buyers are focused on CRDO. Read More.
• Positive Sentiment: Retail and financial press are flagging CRDO as a top momentum pick (Yahoo Finance and Zacks pieces) — these write-ups raise visibility and can attract short-term buyers. Read More. Read More.
• Positive Sentiment: Analyst coverage remains broadly positive with multiple buy/overweight ratings and raised targets (average target ~$217), supporting further investor confidence.
• Neutral Sentiment: Macro/legal commentary (video discussion of potential Supreme Court tariff ruling) flags possible market volatility that could affect tech names including CRDO; commentary favors tech but warns of swings. Read More.
• Neutral Sentiment: Reported short-interest data shows effectively zero short interest (likely a data/reporting anomaly), so short-squeeze dynamics are not a reliable driver right now. (No primary link available.)
• Negative Sentiment: Significant insider selling this month: CTO Chi Fung Cheng sold 30,000 shares (~$4.2M). Large, repeated insider sales (despite continued large holdings) can weigh on sentiment and raise questions about near-term insider liquidity needs. Read More.
• Negative Sentiment: Additional recent insider sales include multiple CEO and CFO transactions totaling several million dollars — cumulative selling may cap upside despite strong fundamentals. Read More. Read More.

Wall Street Analysts Forecast Growth

CRDO has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Credo Technology Group in a report on Friday, October 17th. They issued an “overweight” rating and a $165.00 price target on the stock. New Street Research set a $240.00 price target on Credo Technology Group in a report on Tuesday, December 2nd. Wolfe Research set a $240.00 price objective on Credo Technology Group in a report on Tuesday, December 2nd. William Blair initiated coverage on Credo Technology Group in a report on Thursday, September 18th. They set an “outperform” rating for the company. Finally, Needham & Company LLC boosted their target price on shares of Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $217.08.

Insider Activity

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $171.23, for a total value of $8,561,500.00. Following the transaction, the chief executive officer owned 1,942,502 shares in the company, valued at $332,614,617.46. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Yat Tung Lam sold 370,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the transaction, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at approximately $61,276,000. The trade was a 48.05% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,088,276 shares of company stock worth $167,068,167. Insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Up 3.4%

CRDO opened at $161.38 on Wednesday. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80. The stock has a market capitalization of $29.15 billion, a price-to-earnings ratio of 141.56 and a beta of 2.66. The company has a 50-day simple moving average of $153.73 and a 200 day simple moving average of $138.09.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.49 by $0.18. The company had revenue of $268.03 million during the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The business’s revenue for the quarter was up 272.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 EPS. Sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS 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.