Connors Investor Services Inc. Reduces Stock Position in Credo Technology Group Holding Ltd. $CRDO

Connors Investor Services Inc. trimmed its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 33.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,495 shares of the company’s stock after selling 9,906 shares during the period. Connors Investor Services Inc.’s holdings in Credo Technology Group were worth $2,839,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Credo Technology Group in the third quarter valued at about $25,000. First Horizon Corp purchased a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Credo Technology Group during the 2nd quarter worth approximately $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 stake in Credo Technology Group in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Transactions at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $143.41, for a total transaction of $7,887,550.00. Following the transaction, the chief technology officer directly owned 6,448,961 shares in the company, valued at $924,845,497.01. This represents a 0.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $127.69, for a total transaction of $6,384,500.00. Following the completion of the sale, the chief executive officer directly owned 1,832,502 shares in the company, valued at $233,992,180.38. This represents a 2.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 463,601 shares of company stock valued at $62,835,745. Corporate insiders own 11.84% of the company’s stock.

Credo Technology Group News Roundup

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

• Positive Sentiment: Multiple AI‑focused product launches (800G ZeroFlap optical transceivers, Robin 800G optical DSPs and the low‑power 1.6T Cardinal DSP family) expand Credo’s addressable market for hyperscale AI fabrics and signaling a clear push into optical and DSP solutions for AI data centers. Credo Launches 800G ZeroFlap Optical Transceivers Engineered for AI Networks
• Positive Sentiment: OFC 2026 demonstrations and industry recognition (ZeroFlap, Bluebird DSP) showcase live performance and give Credo credibility with hyperscalers that buy scale‑out/scale‑up interconnects. Credo Showcases ZeroFlap And Bluebird As AI Data Center Catalyst
• Positive Sentiment: Strong recent financials: Q3 revenue and EPS materially beat and management projects large FY2026 growth; macro comments from Oracle and Broadcom implying continued copper demand support Credo’s near‑term growth runway. Credo’s Growth Explosion The Market Is Ignoring
• Neutral Sentiment: Sector tailwinds from Oracle’s data center buildout and Broadcom commentary (slower CPO adoption) help the copper‑centric parts of Credo’s business, but long‑term optics/CPO remain a risk to monitor. Why Credo and Astera Soared After Oracle and Broadcom’s Earnings
• Neutral Sentiment: Heightened retail attention and a large volume spike are driving short‑term volatility; that can amplify moves unrelated to fundamentals. CRDO shares garner retail attention amid new product launches, Nvidia CEO comments on copper use
• Negative Sentiment: Despite the launches, the stock fell intraday — suggesting profit‑taking or rotation after a big run; some investors are locking gains rather than waiting for adoption cycles. Credo Falls Despite New AI Networking Launches
• Negative Sentiment: Analyst/pricing and risk factors: Bank of America lowered its price target (but kept a Buy), and Credo has high customer concentration and a rich valuation — all reasons some holders may be trimming exposure. Credo Technology (CRDO) Fuels Optimism Despite Industry Re-Rating

Analyst Ratings Changes

A number of analysts recently commented on CRDO shares. Roth Mkm decreased their price objective on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 10th. Mizuho cut their target price on shares of 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. KGI Securities upgraded shares of 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. Craig Hallum reaffirmed a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Finally, Barclays reiterated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $206.33.

Credo Technology Group Stock Down 11.0%

Shares of NASDAQ:CRDO opened at $104.06 on Wednesday. The company has a market cap of $19.19 billion, a P/E ratio of 57.81 and a beta of 2.67. The business has a fifty day simple moving average of $125.71 and a 200-day simple moving average of $143.10. 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 earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million for the quarter, compared to the consensus estimate of $385.94 million. During the same period in the prior year, the business posted $0.25 earnings per share. The firm’s revenue for the quarter was up 201.5% compared to the same quarter last year. Sell-side analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal 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.