Nomura Asset Management Co. Ltd. Invests $7.03 Million in Credo Technology Group Holding Ltd. $CRDO

Nomura Asset Management Co. Ltd. purchased a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,840 shares of the company’s stock, valued at approximately $7,028,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mitchell Capital Management Co. boosted its holdings in Credo Technology Group by 126.0% in the fourth quarter. Mitchell Capital Management Co. now owns 17,385 shares of the company’s stock valued at $2,502,000 after purchasing an additional 9,691 shares during the last quarter. Gulf International Bank UK Ltd purchased a new position in Credo Technology Group in the fourth quarter valued at about $1,195,000. Forsta AP Fonden purchased a new position in Credo Technology Group in the fourth quarter valued at about $7,036,000. Norges Bank purchased a new position in Credo Technology Group in the fourth quarter valued at about $54,488,000. Finally, Cornerstone Select Advisors LLC purchased a new position in Credo Technology Group in the fourth quarter valued at about $628,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Down 6.3%

Shares of NASDAQ CRDO opened at $214.60 on Thursday. The stock’s 50 day moving average price is $165.25 and its two-hundred day moving average price is $146.27. Credo Technology Group Holding Ltd. has a 52-week low of $66.75 and a 52-week high of $245.95. The stock has a market capitalization of $39.58 billion, a P/E ratio of 86.53 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The firm had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Credo Technology Group’s revenue for the quarter was up 157.0% compared to the same quarter last year. On average, analysts anticipate that Credo Technology Group Holding Ltd. will post 3.78 EPS for the current year.

More Credo Technology Group News

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

• Positive Sentiment: Multiple firms raised price targets on Credo after its earnings report, including TD Cowen, JPMorgan, and Bank of America, reflecting confidence in the company’s growth outlook and AI infrastructure exposure.
• Positive Sentiment: Articles highlighted that Credo’s fiscal 2026 revenue surged to about $1.3 billion to $1.34 billion, with revenue growth above 200% and non-GAAP net income climbing sharply, underscoring strong operating momentum.
• Positive Sentiment: Investors are focusing on management’s guidance for 80%+ revenue growth in FY2027 and an expected optical revenue ramp of $600 million+, which could expand the company beyond its core copper cable business.
• Positive Sentiment: Coverage suggests Credo is becoming a bigger beneficiary of the AI data-center buildout as hyperscalers increase spending on high-speed networking, improving long-term demand visibility.
• Neutral Sentiment: Some commentary notes that as optics becomes a larger part of the mix, margins could face pressure because the optical business may be lower margin than existing products.
• Negative Sentiment: Despite the strong results, one theme in the coverage is that the stock is already up sharply over the past year, so some investors appear to be questioning whether the valuation has become stretched after the run.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRDO. Jefferies Financial Group increased their price target on Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a report on Tuesday. Mizuho increased their price target on Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday. Rosenblatt Securities increased their price target on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Credo Technology Group currently has an average rating of “Moderate Buy” and an average target price of $248.41.

Insider Transactions at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $178.99, for a total transaction of $4,922,225.00. Following the sale, the chief technology officer directly owned 6,024,870 shares in the company, valued at approximately $1,078,391,481.30. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 7,580 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $152.63, for a total value of $1,156,935.40. Following the sale, the chief financial officer owned 433,678 shares in the company, valued at $66,192,273.14. The trade was a 1.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 386,608 shares of company stock worth $50,371,351. 11.84% of the stock is owned by corporate insiders.

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.