Profund Advisors LLC Has $1.49 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Profund Advisors LLC grew its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 292.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,225 shares of the company’s stock after buying an additional 7,622 shares during the period. Profund Advisors LLC’s holdings in Credo Technology Group were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Credo Technology Group by 36.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock worth $602,662,000 after acquiring an additional 1,739,844 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Credo Technology Group by 66.0% in the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after purchasing an additional 1,218,504 shares during the period. 1832 Asset Management L.P. bought a new position in shares of Credo Technology Group during the second quarter worth $82,479,000. Invesco Ltd. boosted its position in shares of Credo Technology Group by 160.7% during the second quarter. Invesco Ltd. now owns 1,118,119 shares of the company’s stock worth $103,527,000 after purchasing an additional 689,202 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings 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 buying an additional 589,151 shares during the period. 80.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. KGI Securities upgraded Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 target price on the stock in a report on Tuesday, December 2nd. Barclays reiterated an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Credo Technology Group in a report on Tuesday. Finally, JPMorgan Chase & Co. started coverage on shares of Credo Technology Group in a report on Friday, October 17th. They issued an “overweight” rating and a $165.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.69.

Credo Technology Group Stock Performance

NASDAQ CRDO opened at $134.72 on Wednesday. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80. The stock’s 50 day moving average price is $143.01 and its two-hundred day moving average price is $142.92. The stock has a market capitalization of $24.33 billion, a price-to-earnings ratio of 118.18 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The company had revenue of $268.03 million for the quarter, compared to the consensus estimate of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm’s revenue was up 272.1% compared to the same quarter last year. During the same period last year, the company earned $0.07 earnings per share. On average, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, Director Sylvia Acevedo sold 2,200 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $159.18, for a total transaction of $350,196.00. Following the sale, the director directly owned 18,545 shares of the company’s stock, valued at $2,951,993.10. The trade was a 10.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel W. Fleming sold 3,902 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $140.15, for a total value of $546,865.30. Following the completion of the transaction, the chief financial officer owned 446,178 shares of the company’s stock, valued at $62,531,846.70. The trade was a 0.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is owned by insiders.

Credo Technology Group News Roundup

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

• Positive Sentiment: Company preliminary Q3 revenue guidance of $404M–$408M significantly beat prior guidance/consensus, and Credo scheduled a Q3 results call — this is the primary catalyst lifting the stock as it signals strong hyperscaler and AI networking demand. Business Wire: Credo Provides Preliminary Q3 Revenue Results
• Positive Sentiment: Analysts and media emphasize the beat: Zacks and Schaeffer highlight that the preliminary results and raised forecast point to surging hyperscaler/AI networking demand — supportive for forward revenue and margin outlook. Zacks: CRDO Up on Preliminary Q3 Revenue Beat
• Positive Sentiment: Schaeffer and other outlets note the stock is trading on the preliminary beat and raised outlook ahead of formal earnings, which can sustain momentum into the official release. Schaeffers: Chip Stock Extends Rebound
• Positive Sentiment: Needham reaffirmed its Buy rating and set a $220 price target (~material upside vs. current levels), providing fresh analyst support for the rally. Benzinga: Needham Reaffirms Buy
• Neutral Sentiment: Coverage previews and analysis (Seeking Alpha) discuss Credo’s transition from a “cable story” to broader AI networking exposure and valuation dynamics; these provide context but are not immediate catalysts. Seeking Alpha: Credo Earnings Preview
• Neutral Sentiment: Market headlines (Benzinga, Investing.com) flagged Credo among premarket movers and broader futures strength; useful for sentiment but secondary to company results. Benzinga: Why Is Credo Soaring?
• Negative Sentiment: Short‑interest data in the feed appears to be a reporting glitch (zeros/NaN); if genuine increases in shorting emerge later, that could add volatility, but current data is inconclusive. (Entry reports short interest total = 0 with NaN changes.)

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.