Oasis Management Co Ltd. Makes New Investment in Credo Technology Group Holding Ltd. $CRDO

Oasis Management Co Ltd. acquired a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,800 shares of the company’s stock, valued at approximately $699,000.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Credo Technology Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 16,525,380 shares of the company’s stock valued at $2,406,261,000 after acquiring an additional 150,012 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Credo Technology Group by 18.3% during the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after purchasing an additional 1,190,522 shares during the last quarter. Geode Capital Management LLC boosted its position in Credo Technology Group by 4.7% during the second quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock valued at $334,740,000 after purchasing an additional 163,305 shares during the last quarter. Alliancebernstein L.P. grew its stake in 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its position 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 purchasing an additional 589,151 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $150.77, for a total value of $8,292,350.00. Following the transaction, the chief technology officer directly owned 6,503,961 shares of the company’s stock, valued at $980,602,199.97. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 1,832,502 shares of the company’s stock, valued at approximately $233,992,180.38. This represents a 2.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 518,601 shares of company stock worth $70,752,445. Corporate insiders own 11.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CRDO has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $220.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. New Street Research set a $240.00 target price on shares of Credo Technology Group in a research note on Tuesday, December 2nd. TD Cowen restated a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. Mizuho dropped their price target on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Finally, Susquehanna cut their price target on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $206.33.

Credo Technology Group News Summary

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

• Positive Sentiment: Strong quarterly results and growth outlook: Credo reported a record quarter with a sizable EPS and revenue beat, plus high margins and strong year‑over‑year revenue growth — a key reason investors have been bidding the stock up. Credo Technology Soars on Record Earnings and Growth
• Positive Sentiment: Product visibility at OFC 2026: Credo will showcase optical solutions for AI scale‑out fabrics at the OFC conference, highlighting demand exposure to AI/datacenter customers that can support revenue growth. Credo to Showcase Optical Solutions for AI Scale-Out Fabrics at OFC 2026
• Positive Sentiment: Analyst/BRI commentary bullish on long‑term thesis: A recent Seeking Alpha piece highlights growing hyperscaler adoption, ~88% AEC market share, and an R&D/sampling pipeline (next‑gen 1.6Tb AECs and active cables) that could drive material revenue recognition in FY2027 — supporting a constructive investment case. Credo: Meltdown’s A Gift – Growing Hyperscaler Adoption, Robust R&D/Sampling Cadence
• Neutral Sentiment: Short interest reporting appears anomalous: Recent short‑interest entries show 0 shares and NaN changes — likely a reporting/data issue rather than a meaningful change in bearish positioning; this should be treated as neutral until clarified.
• Negative Sentiment: Insider sales by senior executives may create short‑term pressure: CEO William Brennan sold a total of 68,016 shares on March 11 (multiple filings) and CTO Chi Fung Cheng sold 27,500 shares the same day. These disclosures can trigger investor concern about insider liquidity or timing, even though insiders still hold large positions. SEC filings: CEO Form 4 and CTO Form 4

Credo Technology Group Trading Up 5.5%

Shares of NASDAQ CRDO opened at $117.69 on Friday. The company has a market capitalization of $21.71 billion, a P/E ratio of 65.38 and a beta of 2.67. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80. The stock has a 50 day moving average of $126.75 and a 200-day moving average of $143.04.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, beating 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 business had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter in the prior year, the business earned $0.25 EPS. The firm’s revenue for the quarter was up 201.5% on a year-over-year basis. Analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Credo Technology Group Company 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.