Credo Technology Group Holding Ltd. $CRDO Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,127 shares of the company’s stock after selling 16,954 shares during the quarter. HighTower Advisors LLC’s holdings in Credo Technology Group were worth $3,513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group during the third quarter worth $25,000. First Horizon Corp purchased a new stake in shares of Credo Technology Group during the third quarter worth about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Credo Technology Group during the second quarter worth about $27,000. Smartleaf Asset Management LLC raised its position 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 worth $38,000 after purchasing an additional 147 shares during the last quarter. Finally, Park Place Capital Corp purchased a new position in Credo Technology Group in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO opened at $123.46 on Thursday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The company has a market capitalization of $22.30 billion, a P/E ratio of 108.30 and a beta of 2.65. The company has a 50 day simple moving average of $135.02 and a 200-day simple moving average of $143.56.

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

Analyst Ratings Changes

CRDO has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. The Goldman Sachs Group set a $165.00 price target on Credo Technology Group and gave the stock a “buy” rating in a research report on Thursday, February 19th. KGI Securities raised Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective for the company in a research note on Tuesday, December 2nd. Mizuho lifted their target price on shares of Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Barclays reaffirmed an “overweight” rating and set a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $209.29.

Insider Buying and Selling at Credo Technology Group

In other news, COO Yat Tung Lam sold 370,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $153.19, for a total value of $56,680,300.00. Following the transaction, the chief operating officer directly owned 400,000 shares in the company, valued at approximately $61,276,000. This represents a 48.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the completion of the sale, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at $289,855,606.32. This trade represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 917,976 shares of company stock valued at $136,567,647 over the last 90 days. 11.84% of the stock is owned by insiders.

Key Credo Technology Group News

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

• Positive Sentiment: TensorWave partnership — TensorWave selected Credo to power next‑generation AMD‑based AI clusters, a design‑win that can expand Credo’s addressable market in AI server interconnects and create near‑term revenue opportunities. TensorWave Partners with Credo
• Positive Sentiment: PCI‑SIG compliance for Toucan PCIe 6.0 retimer — Credo’s Toucan retimer achieved PCI‑SIG compliance at 32.0 GT/s, confirming interoperability and lowering integration risk for hyperscale and AI customers; this strengthens Credo’s product credibility and supports future design wins tied to PCIe 6.0/7.0 migration. PCI‑SIG Compliance for Toucan
• Neutral Sentiment: Short‑interest data appears inconsistent — a February report shows short interest listed as 0 shares and NaN change from prior reading, implying a reporting error or stale data; this is ambiguous and unlikely to explain the stock move on its own.
• Neutral Sentiment: Broader industry headlines — earnings and sector stories (Broadcom, Millicom, CoStar, Warner Bros. Discovery, AvePoint) are circulating but are not direct catalysts for Credo; they may, however, influence semiconductor and AI hardware sentiment generally. Broadcom Preview Millicom Preview

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.