Credo Technology Group Holding Ltd. $CRDO Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lessened its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 26.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,900 shares of the company’s stock after selling 9,800 shares during the quarter. Credo Technology Group makes up 0.9% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 16th largest position. Catalyst Funds Management Pty Ltd’s holdings in Credo Technology Group were worth $3,871,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp purchased a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $25,000. Crewe Advisors LLC lifted its stake in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Credo Technology Group in the 4th quarter valued at approximately $32,000. Smallwood Wealth Investment Management LLC purchased a new stake in Credo Technology Group in the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its stake in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Up 12.9%

Shares of NASDAQ CRDO opened at $218.41 on Friday. Credo Technology Group Holding Ltd. has a 52-week low of $59.00 and a 52-week high of $218.95. The stock has a market capitalization of $40.29 billion, a P/E ratio of 121.34 and a beta of 3.17. The firm’s 50-day moving average price is $146.81 and its two-hundred day moving average price is $143.06.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating 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 return on equity of 29.63% and a net margin of 31.81%.The business’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 earnings per share. As a group, equities research analysts expect that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRDO shares. Rosenblatt Securities increased their price target on Credo Technology Group from $125.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target for the company. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Mizuho lowered their target price on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Finally, Craig Hallum restated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $207.71.

Insiders Place Their Bets

In related news, CEO William Joseph Brennan sold 6,149 shares of the firm’s stock in a transaction that occurred on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total transaction of $623,816.05. Following the transaction, the chief executive officer owned 222,311 shares in the company, valued at $22,553,450.95. This trade represents a 2.69% 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, CFO Daniel W. Fleming sold 7,580 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $152.63, for a total transaction of $1,156,935.40. Following the transaction, the chief financial officer owned 433,678 shares in the company, valued at $66,192,273.14. This represents a 1.72% decrease in their position. 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. In the last three months, insiders sold 386,608 shares of company stock worth $50,371,351. 11.84% of the stock is currently owned by corporate insiders.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo was highlighted as an AI infrastructure winner alongside Nvidia, Innodata and Qualcomm, keeping investor focus on its exposure to edge computing and data growth. Zacks Investment Ideas feature highlights: Nvidia, Innodata, Credo Technology and Qualcomm
• Positive Sentiment: Zacks framed CRDO as one of the better alternative AI stocks to Nvidia, suggesting more upside as investors look beyond the mega-cap leader. Has Nvidia Become Too Big? 3 Alternative AI Stocks
• Positive Sentiment: Credo jumped after announcing an AI Factory partnership with Rebellions to integrate ZeroFlap cables into RebelPOD, which could strengthen its position in scalable AI data center builds. AI Factory Partnership With Rebellions Sends Credo’s Shares Up 8%
• Positive Sentiment: Several outlets described Credo as a “Bull of the Day” and a top semiconductor stock with high upside potential, adding to the upbeat sentiment around the shares. Bull of the Day: Credo Technology Group (CRDO)
• Neutral Sentiment: One article compared CRDO with Coherent as an AI connectivity stock, but the piece was more of an industry comparison than a fresh catalyst. CRDO vs. COHR: Which AI Connectivity Stock Is the Better Buy?
• Negative Sentiment: Broader market coverage noted Nvidia weakness and mixed trading in AI names, which could have tempered enthusiasm even as Credo outperformed. Stock Market Today: Dow Up, Nvidia Sinks 2% While Intuit Craters; These AI Companies Thrive (Live Coverage)

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.