Credo Technology Group Holding Ltd. $CRDO Shares Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. increased its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 64.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,697 shares of the company’s stock after purchasing an additional 7,697 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Credo Technology Group were worth $2,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Credo Technology Group by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 16,375,368 shares of the company’s stock valued at $1,516,195,000 after buying an additional 430,445 shares during the period. JPMorgan Chase & Co. grew its holdings in Credo Technology Group by 36.5% during the second 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 period. Geode Capital Management LLC grew its holdings in Credo Technology Group by 4.7% during the second quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock worth $334,740,000 after acquiring an additional 163,305 shares during the period. Alliancebernstein L.P. raised its position 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 acquiring an additional 1,218,504 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after acquiring an additional 589,151 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group News Roundup

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

• Positive Sentiment: Company raised near‑term growth targets and guided materially higher revenue (management now projecting ~200%+ Y/Y growth and multi‑year upside), a key driver of the recent rally. Credo Technology (CRDO) Climbs 9% as Firm Eyes ‘More-Than-Triple’ Revenue Growth in Next 2 Years
• Positive Sentiment: Independent research and sell‑side support picked up — Needham issued a Buy rating, adding institutional validation for the growth story. Needham Buy Rating
• Positive Sentiment: Analysts and media continue to highlight Credo’s strong earnings‑surprise history and the potential to beat upcoming estimates, supporting upside expectations. Zacks: Poised to Beat
• Positive Sentiment: Industry narratives (AI infrastructure demand) favor Credo’s connectivity products — mainstream outlets are naming Credo as an AI‑infrastructure play. Fool: AI Infrastructure Picks
• Neutral Sentiment: Short‑interest data published recently appears unreliable (reports showing 0 shares / NaN changes); no clear short squeeze signal can be inferred from those figures.
• Negative Sentiment: Some analysts warn the current rally may be partly priced in and that optical market dynamics could create headwinds later — a caution that can prompt profit‑taking. Seeking Alpha: Optical Headwinds
• Negative Sentiment: After the recent surge, commentators flag limited immediate upside and the potential for a short‑term pullback as investors lock in gains; valuation remains high (P/E and forward multiples elevated), raising sensitivity to any execution missteps. Zacks: Is Further Upside Left?

Insider Transactions at Credo Technology Group

In other news, Director Pantas Sutardja sold 1,875 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $128.67, for a total value of $241,256.25. Following the completion of the sale, the director owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. This trade represents a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $127.37, for a total transaction of $3,502,675.00. Following the sale, the chief technology officer owned 6,299,870 shares in the company, valued at $802,414,441.90. This represents a 0.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 917,976 shares of company stock worth $136,567,647 in the last quarter. 11.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Susquehanna raised their price objective on shares of Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Barclays reissued an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a research note on Thursday, January 15th. Roth Mkm dropped their price objective on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Rosenblatt Securities started coverage on Credo Technology Group in a report on Wednesday, January 21st. They set a “neutral” rating and a $170.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.69.

Credo Technology Group Trading Down 5.2%

Credo Technology Group stock opened at $121.78 on Friday. The stock has a fifty day moving average price of $140.61 and a 200 day moving average price of $142.68. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80. The firm has a market capitalization of $22.00 billion, a P/E ratio of 106.83 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The company had revenue of $268.03 million for the quarter, compared to analyst estimates of $234.99 million. During the same quarter last year, the business earned $0.07 EPS. Credo Technology Group’s revenue for the quarter was up 272.1% on a year-over-year basis. As a group, equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

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.