Clear Street Group Inc. Invests $9.50 Million in Credo Technology Group Holding Ltd. $CRDO

Clear Street Group Inc. acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,209 shares of the company’s stock, valued at approximately $9,495,000.

Several other large investors have also added to or reduced their stakes in CRDO. Savant Capital LLC grew its position in Credo Technology Group by 0.7% in the third quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after purchasing an additional 68 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in Credo Technology Group by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after buying an additional 91 shares during the last quarter. Versant Capital Management Inc lifted its position in Credo Technology Group by 18.0% during the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock worth $97,000 after buying an additional 101 shares in the last quarter. GAMMA Investing LLC lifted its position in Credo Technology Group by 6.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,891 shares of the company’s stock worth $275,000 after buying an additional 118 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Credo Technology Group by 28.3% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 643 shares of the company’s stock worth $94,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRDO. The Goldman Sachs Group set a $165.00 price objective on Credo Technology Group and gave the company a “buy” rating in a report on Thursday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Rosenblatt Securities decreased 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, March 3rd. Craig Hallum reaffirmed a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Finally, KGI Securities upgraded Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research note on Tuesday, December 2nd. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $206.33.

Key Credo Technology Group News

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

Insiders Place Their Bets

In related news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.60, for a total value of $3,234,000.00. Following the sale, the chief technology officer owned 6,272,370 shares in the company, valued at approximately $737,630,712. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sylvia Acevedo sold 2,200 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $159.18, for a total value of $350,196.00. Following the sale, the director directly owned 18,545 shares of the company’s stock, valued at $2,951,993.10. This represents a 10.60% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 518,601 shares of company stock valued at $70,752,445. Corporate insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $117.69 on Friday. The firm’s 50-day moving average is $126.75 and its 200-day moving average is $143.20. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 65.38 and a beta of 2.67. 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 posted its quarterly earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The business had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.Credo Technology Group’s quarterly revenue was up 201.5% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. Sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

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.