Global X Japan Co. Ltd. Takes $1.38 Million Position in Credo Technology Group Holding Ltd. $CRDO

Global X Japan Co. Ltd. bought a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 4th quarter, Holdings Channel reports. The firm bought 9,554 shares of the company’s stock, valued at approximately $1,375,000.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC grew its stake in shares of Credo Technology Group by 82.2% in the fourth quarter. CoreCap Advisors LLC now owns 4,208 shares of the company’s stock worth $605,000 after acquiring an additional 1,898 shares during the period. Syquant Capital Sas purchased a new stake in Credo Technology Group in the fourth quarter worth approximately $49,210,000. Avanza Fonder AB bought a new stake in Credo Technology Group in the 4th quarter worth approximately $669,000. SG Americas Securities LLC raised its stake in Credo Technology Group by 960.8% during the 4th quarter. SG Americas Securities LLC now owns 252,855 shares of the company’s stock valued at $36,383,000 after buying an additional 229,018 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Credo Technology Group during the 4th quarter valued at $564,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRDO. Susquehanna reduced their price objective on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research report on Tuesday, March 3rd. New Street Research set a $240.00 price objective on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Rosenblatt Securities reissued a “neutral” rating and issued a $125.00 price objective on shares of Credo Technology Group in a report on Monday. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Mizuho decreased their price target on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Credo Technology Group currently has an average rating of “Buy” and a consensus target price of $206.33.

Credo Technology Group Stock Down 7.2%

CRDO stock opened at $96.44 on Friday. The business’s 50-day moving average price is $118.94 and its 200-day moving average price is $141.61. The stock has a market cap of $17.79 billion, a P/E ratio of 53.58 and a beta of 2.67. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million for 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 EPS. On average, equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $127.69, for a total transaction of $6,384,500.00. Following the sale, the chief executive officer directly owned 1,832,502 shares of the company’s stock, valued at $233,992,180.38. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $143.41, for a total value of $7,887,550.00. Following the completion of the transaction, the chief technology officer owned 6,448,961 shares in the company, valued at $924,845,497.01. The trade was a 0.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 426,101 shares of company stock valued at $56,010,645 in the last ninety days. 11.84% of the stock is currently owned by insiders.

More Credo Technology Group News

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

• Positive Sentiment: Zacks highlights Credo as an AI data‑center beneficiary, noting surging demand and that recent pullbacks may offer entry points for investors. Zacks Investment Ideas feature highlights: Credo Technology and Vertiv
• Positive Sentiment: Another Zacks piece and repeat media coverage name CRDO among top AI data‑center stocks to buy, reinforcing positive analyst narrative and interest from income/tech screens. Time to Buy These Top AI Data Center Stocks: CRDO, VRT
• Positive Sentiment: Credo launched Robin and Cardinal optical DSP families and made 800G ZeroFlap transceivers generally available, positioning the company as a tightly integrated, telemetry‑rich connectivity supplier for high‑bandwidth AI datacenters — a clear product catalyst for revenue and margin upside. Is Credo (CRDO) Quietly Reframing Its AI Datacenter Story With New Optical DSP Launches?
• Positive Sentiment: Several Seeking Alpha pieces argue the recent selloff created a buying opportunity and highlight a potential upside swing (including a thesis that Alphabet’s announcement could be a major tailwind for Credo). These narrative pieces can amplify buying interest from retail and value‑oriented investors. Why Credo’s Selloff Is A Massive Gift
• Positive Sentiment: Seeking Alpha argues an Alphabet announcement is a potential game changer for Credo’s TAM and demand outlook, which could materially re‑rate expectations if partnerships or design wins follow. Credo: Alphabet Just Announced A Game Changer
• Positive Sentiment: Credo and Molex reached a settlement in active electrical cable patent disputes — removing litigation risk and potential future legal costs/uncertainty. Credo and Molex Reach Settlement in Active Electrical Cable Patent Infringement Disputes
• Neutral Sentiment: Analysts and commentary debate whether Credo is still a one‑product story or evolving into a broader platform — an important long‑term question that adds valuation uncertainty until platform traction is proven. Credo’s Big Question: One‑Product Story Or Emerging Platform?
• Neutral Sentiment: General pieces on stock‑screening tools reference CRDO in screens but are informational rather than company‑specific catalysts. Stock Screening Made Simple: Use This Tool

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.