Credo Technology Group Holding Ltd. $CRDO Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 58.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,500 shares of the company’s stock after selling 169,500 shares during the period. Primecap Management Co. CA’s holdings in Credo Technology Group were worth $17,546,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group during the third quarter valued at $25,000. First Horizon Corp purchased a new position in shares of Credo Technology Group during the 3rd quarter valued at about $26,000. 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 valued at $38,000 after buying an additional 147 shares during the last quarter. Park Place Capital Corp acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at about $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Credo Technology Group in the second quarter worth about $27,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

More Credo Technology Group News

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

• Positive Sentiment: Zacks says Credo’s preliminary Q3 revenues topped prior guidance and analysts expect EPS to surge ~284% YoY, signaling strong demand into the quarter — this underpins near-term revenue/earnings momentum. Credo Technology to Report Q3 Earnings: How to Play the Stock?
• Positive Sentiment: Credo announced a partnership with TensorWave to deploy its ZeroFlap active electrical cables and optics into next‑gen AI clusters — a commercial win that supports adoption in high‑bandwidth AI infrastructure. Credo TensorWave AI Deal Highlights Growth Hopes And Valuation Tension
• Positive Sentiment: Seeking Alpha preview is bullish overall — ties Credo to the AI infrastructure supercycle, assigns a Buy and ~40% 12‑month upside while noting upside asymmetry for investors who time the Q3 read. Credo Q3 Preview: Asymmetry Is The Art Of Alpha
• Neutral Sentiment: Comparative pieces (Yahoo/Zacks) contrast Credo’s rapid AI‑driven revenue growth and aggressive market push with Texas Instruments’ scale — useful context for valuation and competitive positioning but not an immediate catalyst. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Another Zacks compare piece repeats the scale vs. growth framing, reinforcing investor debate over growth premium vs. incumbent stability. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Industry headlines (Marvell, Photronics, Zoom) shared in the feed provide broader semiconductor and data‑center context; they matter to sector sentiment but don’t directly change Credo’s near‑term fundamentals. How MRVL’s Celestial AI Acquisition Fills Its Critical Technology Gap?
• Negative Sentiment: Short‑interest data in the feed shows a large reported increase but the figures are internally inconsistent (zeros/NaN). If accurate, rising short interest could add downward pressure; the data’s unreliability itself is a market risk until clarified. Short Interest Report (data anomaly)

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $112.27 on Friday. The stock has a market capitalization of $20.28 billion, a P/E ratio of 98.48 and a beta of 2.65. The company’s fifty day moving average price is $133.78 and its 200 day moving average price is $143.32. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80.

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

Analyst Ratings Changes

CRDO has been the subject of a number of analyst reports. Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Mizuho increased their price target on shares of Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Credo Technology Group in a research report on Tuesday, February 10th. Finally, KGI Securities upgraded shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective for the company in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $209.29.

Insider Buying and Selling

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $127.37, for a total transaction of $3,502,675.00. Following the completion of the sale, the chief technology officer directly owned 6,299,870 shares in the company, valued at approximately $802,414,441.90. The trade was a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pantas Sutardja sold 1,875 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $128.67, for a total value of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares of the company’s stock, valued at $758,128,014.78. The trade was a 0.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 917,976 shares of company stock worth $136,567,647 in the last quarter. 11.84% of the stock is owned by insiders.

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.