Raiffeisen Bank International AG Has $32.83 Million Position in Credo Technology Group Holding Ltd. $CRDO

Raiffeisen Bank International AG raised its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 9.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,702 shares of the company’s stock after acquiring an additional 10,353 shares during the quarter. Raiffeisen Bank International AG’s holdings in Credo Technology Group were worth $32,825,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CRDO. City Center Advisors LLC grew its holdings in shares of Credo Technology Group by 2.1% in the 2nd quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock worth $706,000 after purchasing an additional 53 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Credo Technology Group by 8.0% during the 2nd quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock valued at $205,000 after purchasing an additional 56 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Credo Technology Group by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $80,000 after purchasing an additional 77 shares during the last quarter. QRG Capital Management Inc. boosted its position in Credo Technology Group by 1.7% in the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after buying an additional 91 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in Credo Technology Group by 1.6% in the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $164.17 on Friday. The firm has a 50 day simple moving average of $231.67 and a 200 day simple moving average of $189.13. Credo Technology Group Holding Ltd. has a fifty-two week low of $86.49 and a fifty-two week high of $308.67. The firm has a market cap of $30.85 billion, a P/E ratio of 58.42, a P/E/G ratio of 0.75 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $479.00 million for the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a return on equity of 32.91% and a net margin of 33.83%.The business’s revenue for the quarter was up 114.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. On average, sell-side analysts expect that Credo Technology Group Holding Ltd. will post 4.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CRDO shares. Jefferies Financial Group raised their price objective on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Stifel Nicolaus boosted their target price on Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. TD Cowen raised their price target on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Needham & Company LLC lifted their price objective on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Evercore set a $292.00 price objective on Credo Technology Group in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.39.

Credo Technology Group News Roundup

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

• Positive Sentiment: Credo reported record quarterly revenue of $479 million, up approximately 115% year over year and above analyst expectations. Adjusted earnings of $1.20 per share also exceeded the $1.17 consensus estimate. Why Credo Technology Stock Plunged 20% Today
• Positive Sentiment: Management guided fiscal second-quarter revenue to $525 million-$535 million, signaling continued momentum from AI data-center demand. Analysts also highlight optical products as a potential growth engine, with fiscal 2027 optical revenue potentially exceeding $600 million. Credo Q1 Earnings Call Highlights Optics as the Next Growth Engine
• Positive Sentiment: Credo’s AEC connectivity products continue benefiting from hyperscaler AI infrastructure spending, while broader Neocloud demand and the transition to 1.6-terabit connectivity could expand its addressable market. Its Toucan Gen6x16 PCIe 6.x retimer also achieved industry compliance for next-generation AI and high-performance-computing systems. Will Credo’s Neocloud Expansion Broaden Its AEC Growth Runway?
• Positive Sentiment: Several analysts remain constructive. Stifel initiated coverage with a Buy rating, while JPMorgan maintained Overweight despite reducing its price target to $310. Bank of America also retained a Buy rating with a $275 target.
• Neutral Sentiment: The stock’s decline followed a substantial year-to-date rally, increasing the likelihood of profit-taking and a reset in investor expectations after earnings.
• Negative Sentiment: Investors are concerned that GAAP gross margins are narrowing as Credo invests in manufacturing capacity, research and development, and expansion. Rising operating costs could limit the conversion of rapid revenue growth into earnings.
• Negative Sentiment: Credo’s premium valuation and high-growth expectations leave little room for execution disappointments. Risks cited by analysts include customer concentration, the timing of optical product adoption, and reliance on sustained AI infrastructure spending.
• Negative Sentiment: The selloff pushed the shares below their 200-day moving average, creating a potentially negative technical signal and adding to short-term selling pressure. Mixed analyst reactions—including target reductions—have reinforced investor caution.

Insider Transactions at Credo Technology Group

In other news, COO Yat Lam sold 55,441 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the transaction, the chief operating officer owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Cheng sold 27,473 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.53, for a total value of $5,756,417.69. Following the completion of the transaction, the chief technology officer owned 5,772,397 shares in the company, valued at approximately $1,209,490,343.41. This represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 377,884 shares of company stock worth $88,559,765 over the last 90 days. 9.06% of the stock is owned by insiders.

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.