Capital Research Global Investors Has $321.69 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Capital Research Global Investors decreased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209,239 shares of the company’s stock after selling 1,537,071 shares during the quarter. Capital Research Global Investors owned approximately 1.28% of Credo Technology Group worth $321,687,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Atlantic Union Bankshares Corp bought a new position in Credo Technology Group in the 3rd quarter worth approximately $25,000. First Horizon Corp bought a new position in Credo Technology Group during the 3rd quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Credo Technology Group during the second quarter worth $27,000. Smartleaf Asset Management LLC grew 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 period. Finally, Park Place Capital Corp acquired a new stake in shares of Credo Technology Group during the third quarter worth about $41,000. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

CRDO has been the subject of a number of research reports. TD Cowen reissued a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Barclays reiterated an “overweight” rating and issued a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Mizuho dropped their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Craig Hallum reaffirmed a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $206.33.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Huge Q3 beat and hypergrowth — Credo reported ~201.5% YoY revenue growth, an EPS beat and strong profitability metrics that validate rapid data‑center demand and support long‑term upside. Credo Technologies Hits Bottom: Now Is the Time to Buy
• Positive Sentiment: New ZeroFlap optics product could lift future margins and wins — Credo unveiled ZeroFlap optics aimed at much higher reliability and lower power for AI data centers, a product-market fit that could accelerate bookings if hyperscalers ramp. Can Accelerating ZeroFlap Optics Ramp Buoy Credo’s Growth Trajectory?
• Positive Sentiment: Industry momentum / peer catalysts — Broadcom’s Q1 strength has been cited as a tailwind for connectivity suppliers, with Credo named as a beneficiary of stronger hyperscaler capex. The Real Winner from Broadcom’s Q1 Earnings Is This 1 Lesser-Known Stock
• Neutral Sentiment: Institutional positioning and analyst coverage point to conviction but also mixed price targets — institutional accumulation is support, yet targets vary. Credo Technologies Hits Bottom: Now Is the Time to Buy
• Neutral Sentiment: Reported short‑interest data appears inconsistent/garbled (zero shares / NaN increases); the print is unreliable and shouldn’t be taken as a clear bearish signal. (Data entries dated March 9–10.)
• Neutral Sentiment: Reference financials available for deeper due diligence (Barron’s company financial page). Credo Technology Group Holding Ltd. Financials
• Negative Sentiment: Near‑term sentiment headwinds — the post‑earnings period produced a sell‑the‑news reaction; management flagged some gross‑margin compression and client concentration risks (three large hyperscaler customers), which can pressure the stock until further order visibility emerges. Credo Technologies Hits Bottom: Now Is the Time to Buy

Credo Technology Group Trading Down 3.1%

Shares of CRDO stock opened at $112.33 on Wednesday. The firm’s fifty day moving average price is $128.47 and its two-hundred day moving average price is $143.44. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The firm has a market capitalization of $20.72 billion, a P/E ratio of 62.41 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm’s revenue was up 201.5% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Credo Technology Group news, CEO William Joseph Brennan sold 18,016 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $127.69, for a total value of $2,300,463.04. Following the completion of the sale, the chief executive officer owned 252,625 shares of the company’s stock, valued at $32,257,686.25. The trade was a 6.66% 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 on Friday, January 30th. The stock was sold at an average price of $128.67, for a total value of $241,256.25. Following the completion of the transaction, the director owned 5,892,034 shares in the company, valued at $758,128,014.78. The trade was a 0.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 861,101 shares of company stock worth $126,611,953 over the last three months. 11.84% of the stock is currently owned by corporate 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.