Fox Run Management L.L.C. Has $222,000 Stake in Credo Technology Group Holding Ltd. $CRDO

Fox Run Management L.L.C. reduced its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 86.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,528 shares of the company’s stock after selling 9,533 shares during the quarter. Fox Run Management L.L.C.’s holdings in Credo Technology Group were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CRDO. JPMorgan Chase & Co. lifted its holdings in shares of Credo Technology Group by 36.5% in the second quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock valued at $602,662,000 after purchasing an additional 1,739,844 shares in the last quarter. Alliancebernstein L.P. raised its position in Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after buying an additional 1,218,504 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in Credo Technology Group in the 2nd quarter valued at approximately $82,479,000. Invesco Ltd. boosted its position in Credo Technology Group by 160.7% during the 2nd quarter. Invesco Ltd. now owns 1,118,119 shares of the company’s stock worth $103,527,000 after acquiring an additional 689,202 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after acquiring an additional 589,151 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at Credo Technology Group

In other news, 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 transaction of $546,865.30. Following the completion of the sale, the chief financial officer owned 446,178 shares in the company, valued at approximately $62,531,846.70. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sylvia Acevedo sold 2,200 shares of Credo Technology Group stock in a transaction dated Tuesday, January 13th. The stock was 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. TD Cowen reissued a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Bank of America lifted their target price on Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Craig Hallum reiterated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a report on Tuesday. Finally, Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $206.33.

Credo Technology Group News Summary

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

• Positive Sentiment: Strong beat: CRDO reported Q3 revenue of $407M (≈+201% YoY) and $1.07 EPS, materially above estimates — evidence of robust demand and execution. Credo quarterly earnings transcript
• Positive Sentiment: Guidance beat: management gave Q4 revenue guidance (~$425M–$435M) above Street consensus and projected >50% revenue growth for FY2027, supporting the multi-quarter growth narrative. BusinessWire: Q3 results press release
• Positive Sentiment: Product & partnerships: Credo is accelerating ZeroFlap optics ramp and expanding partnerships (TensorWave, CoMira), which lengthens the TAM for optical interconnects in AI datacenters. These are constructive for medium-term revenue growth. Zacks: Credo & TensorWave team-up
• Neutral Sentiment: Mixed analyst views: several firms reiterated buys but some lowered price targets — the consensus view still bullish on long-term upside but with nearer-term model adjustments. Benzinga: analysts revise forecasts
• Neutral Sentiment: Short-interest data currently shows no meaningful days-to-cover signal; not a clear driver of today’s volume spike.
• Negative Sentiment: Trade hangover / profit-taking: CRDO was caught in a sector-wide pullback after a recent surge — heavy selling pressure drove a double-digit drop as traders rotated out of high-flyers. 247WallSt: AI stocks diverge
• Negative Sentiment: Deceleration & margin concerns: despite beat and guidance, commentary and Q4 gross-margin guidance were viewed as conservative — analysts and investors fear AEC growth could slow into FY27, prompting re-rating. Seeking Alpha: Is AI Broken?
• Negative Sentiment: Macro risk-off: broader market volatility (geopolitical headlines, futures weakness) amplified selling in tech/AI names, increasing intraday volume and downside pressure on CRDO. Benzinga: futures plunge, market in focus

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $97.30 on Wednesday. The stock has a 50-day simple moving average of $132.06 and a 200 day simple moving average of $143.44. The stock has a market capitalization of $17.58 billion, a P/E ratio of 54.06 and a beta of 2.67. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a return on equity of 37.17% and a net margin of 31.81%.The company had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same period last year, the firm posted $0.25 earnings per share. The business’s revenue was up 201.5% on a year-over-year basis. Research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

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.