Entropy Technologies LP Has $7.66 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Entropy Technologies LP increased its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 275.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 53,240 shares of the company’s stock after acquiring an additional 39,066 shares during the period. Entropy Technologies LP’s holdings in Credo Technology Group were worth $7,661,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC increased its holdings in shares of Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group during the 4th quarter valued at about $25,000. Flagship Harbor Advisors LLC acquired a new position in shares of Credo Technology Group during the 4th quarter valued at about $32,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Credo Technology Group during the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC increased its holdings 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 acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Credo completed its acquisition of DustPhotonics, expanding its optical connectivity and silicon photonics portfolio for AI and cloud networking demand. The deal supports higher-speed products and could help drive growth as optical revenue ramps in coming fiscal years. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
• Positive Sentiment: Several articles highlighted Credo as a top-ranked or bullish AI-related stock, citing strong growth prospects, rising estimates, and favorable technical momentum. 3 Top Ranked Stocks Investors Can Buy Right Now
• Positive Sentiment: Analyst commentary remains constructive after earnings, with price target increases and expectations for continued strong revenue and earnings growth tied to AI infrastructure spending. Mizuho Raises PT on Credo Technology (CRDO) After FQ4 2026 Earnings
• Neutral Sentiment: Insider sales by Director Fariba Danesh and CTO Chi Fung Cheng may have added some caution, but the CTO sale was described as part of a pre-arranged plan to cover tax withholding on equity awards, limiting the bearish signal. Credo Technology Group (NASDAQ:CRDO) Director Fariba Danesh Sells 1,100 Shares
• Neutral Sentiment: Some coverage pointed to customer concentration risk, though management is working to diversify revenue beyond a few large hyperscale customers. Credo’s Diversification Push: Can It Cut Customer Concentration Risk?
• Negative Sentiment: A Seeking Alpha downgrade to “Hold” suggests some investors think the stock may already reflect much of the near-term upside, especially after its strong run and rich valuation. Credo: Don’t Chase This Winner Over The Cliff – Downgrade To Hold

Credo Technology Group Stock Down 5.3%

Shares of NASDAQ:CRDO opened at $250.81 on Friday. The business has a 50 day moving average price of $184.46 and a 200 day moving average price of $150.79. Credo Technology Group Holding Ltd. has a twelve month low of $72.03 and a twelve month high of $270.21. The company has a market cap of $46.26 billion, a price-to-earnings ratio of 101.13, a PEG ratio of 1.32 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, June 1st. The company reported $1.16 earnings per share 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 during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the prior year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 157.0% compared to the same quarter last year. Analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Insider Activity

In related news, CEO William Joseph Brennan sold 54,984 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the completion of the sale, the chief executive officer owned 367,327 shares in the company, valued at $80,286,662.39. This represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $259.53, for a total value of $7,137,075.00. Following the sale, the chief technology officer owned 5,992,370 shares of the company’s stock, valued at approximately $1,555,199,786.10. The trade was a 0.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 376,884 shares of company stock worth $59,014,018 over the last 90 days. Company insiders own 11.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRDO shares. Roth Mkm increased their price objective on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Stifel Nicolaus set a $250.00 price objective on Credo Technology Group in a report on Wednesday, May 27th. TD Cowen increased their price objective on Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Rosenblatt Securities increased their target price on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Bank of America increased their target price on Credo Technology Group from $210.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Credo Technology Group 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.