Plato Investment Management Ltd Takes $1.10 Million Position in Credo Technology Group Holding Ltd. $CRDO

Plato Investment Management Ltd bought a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,056 shares of the company’s stock, valued at approximately $1,097,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Credo Technology Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock valued at $2,386,449,000 after buying an additional 59,849 shares during the last quarter. State Street Corp raised its stake in Credo Technology Group by 23.4% during the 4th quarter. State Street Corp now owns 4,486,320 shares of the company’s stock valued at $645,537,000 after acquiring an additional 849,654 shares during the last quarter. Geode Capital Management LLC lifted its position in Credo Technology Group by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after acquiring an additional 184,676 shares during the period. Corient Private Wealth LLC grew its stake in shares of Credo Technology Group by 239,024.5% in the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after purchasing an additional 3,597,318 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Credo Technology Group by 66.0% in the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after purchasing an additional 1,218,504 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Down 13.0%

NASDAQ:CRDO opened at $245.97 on Wednesday. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The stock has a fifty day simple moving average of $242.63 and a 200-day simple moving average of $180.78. The company has a market capitalization of $45.87 billion, a PE ratio of 99.18, a price-to-earnings-growth ratio of 1.19 and a beta of 3.23.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, June 1st. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The firm had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The firm’s revenue was up 157.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Mizuho increased their price target on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Rothschild & Co Redburn began coverage on shares of Credo Technology Group in a research note on Friday, May 1st. They issued a “buy” rating and a $206.00 target price for the company. TD Cowen boosted their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays increased their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Finally, Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $268.39.

Insider Buying and Selling at Credo Technology Group

In related news, CEO William Joseph Brennan sold 54,984 shares of Credo Technology Group stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the completion of the transaction, the chief executive officer directly owned 367,327 shares in the company, valued at $80,286,662.39. The trade was a 13.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel W. Fleming sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $249.48, for a total value of $9,979,200.00. Following the completion of the sale, the chief financial officer directly owned 501,873 shares in the company, valued at approximately $125,207,276.04. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 435,076 shares of company stock valued at $101,043,506. Company insiders own 11.84% of the company’s stock.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: TD Cowen raised its price target to $300 from $260 and maintained a “buy” rating, implying substantial upside from the recently reported trading level. Benzinga
• Positive Sentiment: Analysts continue to expect strong fiscal 2027 growth, with revenue projected to increase more than 80%, supported by Credo’s optical and copper connectivity businesses. The key question is whether margins can remain strong as research and development spending rises. Will Credo Maintain Strong Margins Despite Higher R&D Spending in FY27?
• Positive Sentiment: Credo is being highlighted as a potential beneficiary of the next phase of AI infrastructure investment because its high-speed connectivity products help link data-center equipment. Investors had also been positioning for upcoming earnings, with revenue expected to more than double year over year. Meet the Super Semiconductor Stock Crushing Nvidia in 2026
• Neutral Sentiment: Brokerage price targets remain generally supportive, with the reported consensus target near $266.17, although the stock’s premium valuation leaves it sensitive to changes in growth expectations. Brokerages Set Credo Technology Group Holding Ltd. PT at $266.17
• Negative Sentiment: Credo, Sandisk, Micron and other AI-related stocks experienced a sharp reversal as the major indexes gave back recent gains. The move suggests investors are taking profits and trimming risk across the high-beta chip group. Dow Jones Futures: Sandisk, Micron, Credo Lead AI Rug Pull
• Negative Sentiment: The broader semiconductor rally has quickly encountered renewed selling pressure, affecting chip names including Intel and Marvell. This sector weakness is the primary near-term factor weighing on CRDO despite favorable company-specific growth expectations. Why Intel, Marvell Stocks Are Dropping After Chip Stocks Enter New Bull Market

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.