ProShare Advisors LLC Has $5.72 Million Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

ProShare Advisors LLC raised its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 30.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,276 shares of the company’s stock after purchasing an additional 9,210 shares during the quarter. ProShare Advisors LLC’s holdings in Credo Technology Group were worth $5,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRDO. Oppenheimer Asset Management Inc. bought a new position in shares of Credo Technology Group in the third quarter valued at $1,625,000. Smartleaf Asset Management LLC lifted its stake in Credo Technology Group by 133.6% in the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after acquiring an additional 147 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Credo Technology Group in the 3rd quarter valued at about $409,000. Prime Capital Investment Advisors LLC grew its position in shares of Credo Technology Group by 6.8% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 5,514 shares of the company’s stock valued at $803,000 after acquiring an additional 351 shares during the period. Finally, MONECO Advisors LLC acquired a new position in shares of Credo Technology Group during the 3rd quarter worth about $388,000. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Trading Down 5.2%

NASDAQ:CRDO opened at $121.78 on Friday. The stock has a 50 day simple moving average of $140.61 and a 200 day simple moving average of $142.68. Credo Technology Group Holding Ltd. has a 1-year low of $29.09 and a 1-year high of $213.80. The stock has a market cap of $22.00 billion, a P/E ratio of 106.83 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.18. The firm had revenue of $268.03 million for the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The company’s quarterly revenue was up 272.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. As a group, sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other Credo Technology Group news, Director Sylvia Acevedo sold 2,200 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $159.18, for a total value of $350,196.00. Following the completion of the sale, the director owned 18,545 shares of the company’s stock, valued at $2,951,993.10. The trade was a 10.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pantas Sutardja sold 1,875 shares of the firm’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $128.67, for a total transaction of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares in the company, valued at $758,128,014.78. This represents a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Mizuho lifted their price target on Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. assumed coverage on Credo Technology Group in a research note on Friday, October 17th. They set an “overweight” rating and a $165.00 target price for the company. New Street Research set a $240.00 target price on Credo Technology Group in a report on Tuesday, December 2nd. TD Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price objective on shares of Credo Technology Group in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.69.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Company raised near‑term growth targets and guided materially higher revenue (management now projecting ~200%+ Y/Y growth and multi‑year upside), a key driver of the recent rally. Credo Technology (CRDO) Climbs 9% as Firm Eyes ‘More-Than-Triple’ Revenue Growth in Next 2 Years
• Positive Sentiment: Independent research and sell‑side support picked up — Needham issued a Buy rating, adding institutional validation for the growth story. Needham Buy Rating
• Positive Sentiment: Analysts and media continue to highlight Credo’s strong earnings‑surprise history and the potential to beat upcoming estimates, supporting upside expectations. Zacks: Poised to Beat
• Positive Sentiment: Industry narratives (AI infrastructure demand) favor Credo’s connectivity products — mainstream outlets are naming Credo as an AI‑infrastructure play. Fool: AI Infrastructure Picks
• Neutral Sentiment: Short‑interest data published recently appears unreliable (reports showing 0 shares / NaN changes); no clear short squeeze signal can be inferred from those figures.
• Negative Sentiment: Some analysts warn the current rally may be partly priced in and that optical market dynamics could create headwinds later — a caution that can prompt profit‑taking. Seeking Alpha: Optical Headwinds
• Negative Sentiment: After the recent surge, commentators flag limited immediate upside and the potential for a short‑term pullback as investors lock in gains; valuation remains high (P/E and forward multiples elevated), raising sensitivity to any execution missteps. Zacks: Is Further Upside Left?

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.