SPX Gestao de Recursos Ltda Invests $4.95 Million in Credo Technology Group Holding Ltd. $CRDO

SPX Gestao de Recursos Ltda purchased a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,000 shares of the company’s stock, valued at approximately $4,951,000.

Other institutional investors have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at about $25,000. First Horizon Corp purchased a new position in Credo Technology Group during the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its stake in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after buying an additional 147 shares during the period. Park Place Capital Corp purchased a new stake in Credo Technology Group in the 3rd quarter worth approximately $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Credo Technology Group during the 2nd quarter valued at $27,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRDO. Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a research report on Tuesday. Rosenblatt Securities lowered their price target on Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday. Craig Hallum restated a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday. KGI Securities raised shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a research note on Monday, December 29th. Two research 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. According to MarketBeat, Credo Technology Group currently has an average rating of “Buy” and a consensus price target of $206.33.

More Credo Technology Group News

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

• Positive Sentiment: Big Q3 beat — Credo reported a blowout quarter with revenue up ~201% year-over-year, a solid EPS beat and strong margins, giving a fundamental growth story that supports higher valuations. Earnings/Reaction
• Positive Sentiment: M&A and partnerships broaden AI/data-center exposure — the CoMira acquisition and a TensorWave tie-up expand Credo’s connectivity IP and go-to-market for advanced AI racks, strengthening the company’s growth runway. CoMira Deal
• Positive Sentiment: Industry tailwinds and vendor positioning — Broadcom’s public tilt toward copper-based connectivity helped lift Credo, since its products align with that trend. Broadcom Signal
• Positive Sentiment: Analyst support and rising estimates — JPMorgan maintained an Overweight view and several outlets note upward revisions to earnings estimates and sizable average price-target upside, which can underpin medium-term upside. JPMorgan Note
• Neutral Sentiment: Short-interest reporting looks unreliable — recent short-interest posts show zero shares/NaN changes and a 0.0 days-to-cover metric, which likely reflects a data/reporting issue rather than meaningful short activity. (Internal short-interest entries)
• Negative Sentiment: Analyst downgrades and lowered expectations — multiple firms (including Rosenblatt, Susquehanna, Mizuho and others) have trimmed forecasts or expressed caution; those moves triggered a sharp gap down and a prior one-day ~15% sell-off. Downgrade/Share Drop
• Negative Sentiment: Post-earnings volatility and risk callouts — several pieces highlight that while results were strong, valuation sensitivity and execution risks could keep the stock choppy in the near term. Volatility Discussion

Credo Technology Group Stock Performance

Shares of NASDAQ CRDO opened at $109.83 on Friday. The business’s 50-day simple moving average is $129.70 and its 200-day simple moving average is $142.89. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 61.02 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s revenue was up 201.5% on a year-over-year basis. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Insider Activity at Credo Technology Group

In related news, COO Yat Tung Lam sold 370,000 shares of Credo Technology Group stock in a transaction 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 owned 400,000 shares in the company, valued at $61,276,000. This trade represents a 48.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the transaction, the chief executive officer directly owned 1,892,502 shares of the company’s stock, valued at approximately $289,855,606.32. This represents a 2.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 916,101 shares of company stock worth $136,220,453. 11.84% of the stock is owned by insiders.

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.