Pinnbrook Capital Management LP Invests $5.37 Million in Credo Technology Group Holding Ltd. $CRDO

Pinnbrook Capital Management LP purchased a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 3rd quarter, Holdings Channel reports. The fund purchased 36,898 shares of the company’s stock, valued at approximately $5,373,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRDO. NewEdge Advisors LLC raised its holdings in Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after purchasing an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Credo Technology Group by 63.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after purchasing an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Credo Technology Group by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after buying an additional 7,107 shares during the period. Atria Investments Inc acquired a new stake in shares of Credo Technology Group during the 2nd quarter worth approximately $239,000. Finally, Savant Capital LLC bought a new stake in shares of Credo Technology Group during the second quarter worth approximately $912,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group News Summary

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

• Positive Sentiment: Strong quarterly results and growth outlook: Credo reported a record quarter with a sizable EPS and revenue beat, plus high margins and strong year‑over‑year revenue growth — a key reason investors have been bidding the stock up. Credo Technology Soars on Record Earnings and Growth
• Positive Sentiment: Product visibility at OFC 2026: Credo will showcase optical solutions for AI scale‑out fabrics at the OFC conference, highlighting demand exposure to AI/datacenter customers that can support revenue growth. Credo to Showcase Optical Solutions for AI Scale-Out Fabrics at OFC 2026
• Positive Sentiment: Analyst/BRI commentary bullish on long‑term thesis: A recent Seeking Alpha piece highlights growing hyperscaler adoption, ~88% AEC market share, and an R&D/sampling pipeline (next‑gen 1.6Tb AECs and active cables) that could drive material revenue recognition in FY2027 — supporting a constructive investment case. Credo: Meltdown’s A Gift – Growing Hyperscaler Adoption, Robust R&D/Sampling Cadence
• Neutral Sentiment: Short interest reporting appears anomalous: Recent short‑interest entries show 0 shares and NaN changes — likely a reporting/data issue rather than a meaningful change in bearish positioning; this should be treated as neutral until clarified.
• Negative Sentiment: Insider sales by senior executives may create short‑term pressure: CEO William Brennan sold a total of 68,016 shares on March 11 (multiple filings) and CTO Chi Fung Cheng sold 27,500 shares the same day. These disclosures can trigger investor concern about insider liquidity or timing, even though insiders still hold large positions. SEC filings: CEO Form 4 and CTO Form 4

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRDO. Mizuho cut 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. New Street Research set a $240.00 target price on shares of Credo Technology Group in a report on Tuesday, December 2nd. Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Finally, Roth Mkm reduced their price target on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $206.33.

Insiders Place Their Bets

In other news, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $150.77, for a total value of $8,292,350.00. Following the completion of the sale, the chief technology officer owned 6,503,961 shares of the company’s stock, valued at approximately $980,602,199.97. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $127.69, for a total value of $6,384,500.00. Following the completion of the sale, the chief executive officer owned 1,832,502 shares of the company’s stock, valued at approximately $233,992,180.38. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 518,601 shares of company stock valued at $70,752,445. Company insiders own 11.84% of the company’s stock.

Credo Technology Group Trading Up 5.5%

Shares of CRDO stock opened at $117.69 on Friday. The firm’s fifty day moving average price is $126.75 and its two-hundred day moving average price is $143.04. 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 $21.71 billion, a P/E ratio of 65.38 and a beta of 2.67.

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

Credo Technology Group Company 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.