WCM Investment Management LLC Sells 52,061 Shares of Credo Technology Group Holding Ltd. $CRDO

WCM Investment Management LLC trimmed its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 31.7% during the third quarter, Holdings Channel reports. The firm owned 111,998 shares of the company’s stock after selling 52,061 shares during the quarter. WCM Investment Management LLC’s holdings in Credo Technology Group were worth $16,353,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CRDO. NewEdge Advisors LLC lifted its stake in Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock valued at $284,000 after buying an additional 3,972 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Credo Technology Group by 63.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after acquiring an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Credo Technology Group by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock valued at $12,480,000 after acquiring an additional 7,107 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Credo Technology Group by 144.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 16,413 shares of the company’s stock valued at $1,520,000 after acquiring an additional 9,692 shares during the period. Finally, Truist Financial Corp bought a new position in Credo Technology Group during the second quarter worth $328,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Stock Performance

Shares of CRDO opened at $111.31 on Wednesday. The firm has a market capitalization of $20.11 billion, a P/E ratio of 97.64 and a beta of 2.65. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80. The stock has a 50 day moving average price of $149.03 and a two-hundred day moving average price of $142.40.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The company had revenue of $268.03 million for the quarter, compared to analyst estimates of $234.99 million. During the same quarter last year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 272.1% on a year-over-year basis. On average, equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRDO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Mizuho upped their price target on Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Needham & Company LLC raised their price objective on Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Credo Technology Group in a research report on Friday, October 17th. They set an “overweight” rating and a $165.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $216.54.

Key Credo Technology Group News

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

• Positive Sentiment: Product/partnership wins deepen AI networking exposure: Credo’s Blue Heron 224G retimer (3nm) is sampling ahead of expected Q3‑2026 production and the company announced deals tying the product into AI/cloud interconnect stacks — a revenue and margin growth catalyst if adoption scales. Read More. · Read More.
• Positive Sentiment: Wall Street / strategic view: Bank of America and other sell‑side notes see Credo as a long‑term beneficiary of AI‑driven cloud connectivity, supporting multi‑quarter upside vs. peers if product traction continues. Read More.
• Neutral Sentiment: Independent bull case writeups reiterate growth narrative and long‑term opportunity, but these are thematic pieces rather than new company disclosures. Read More.
• Neutral Sentiment: Reported short‑interest data in the feeds is effectively zero/rounded and appears anomalous (no meaningful short‑pressure signal). This makes short covering an unlikely driver of today’s move.
• Negative Sentiment: Multiple insider sales: CEO William Brennan sold large blocks (SEC filings), CTO Chi Fung Cheng sold 27,500 shares, and director Pantas Sutardja sold 1,875 shares — sizable insider exits in late January have pressured sentiment. SEC filings available for review. Read More. · Read More. · Read More.
• Negative Sentiment: Analyst downgrade: Zacks Research lowered CRDO from “strong‑buy” to “hold,” adding near‑term pressure amid recent insider sales and high valuation. Read More.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, Director Sylvia Acevedo sold 2,200 shares of Credo Technology Group stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $159.18, for a total transaction of $350,196.00. Following the transaction, the director owned 18,545 shares of the company’s stock, valued at $2,951,993.10. This trade represents a 10.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pantas Sutardja sold 1,875 shares of the stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $128.67, for a total value of $241,256.25. Following the sale, the director directly owned 5,892,034 shares of the company’s stock, valued at $758,128,014.78. The trade was a 0.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is owned by insiders.

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.