Granahan Investment Management LLC Has $12.22 Million Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

Granahan Investment Management LLC boosted its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 93.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,925 shares of the company’s stock after buying an additional 40,573 shares during the quarter. Granahan Investment Management LLC’s holdings in Credo Technology Group were worth $12,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CRDO. NewEdge Advisors LLC increased its stake in shares of Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after purchasing an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Credo Technology Group by 2.3% in the first 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 purchasing an additional 7,107 shares in the last quarter. AE Wealth Management LLC acquired a new position in Credo Technology Group in the 2nd quarter worth about $343,000. Finally, Profund Advisors LLC acquired a new position in Credo Technology Group in the 2nd quarter worth about $241,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Stock Up 5.5%

NASDAQ:CRDO opened at $117.69 on Monday. The company’s 50 day moving average is $126.75 and its 200-day moving average is $143.34. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80. The firm 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 (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. During the same period in the prior year, the firm earned $0.25 EPS. Credo Technology Group’s quarterly revenue was up 201.5% compared to the same quarter last year. Research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Trending Headlines about Credo Technology Group

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

Analyst Upgrades and Downgrades

CRDO has been the subject of several research reports. Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Bank of America increased their price objective on Credo Technology Group from $165.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Craig Hallum reaffirmed a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Roth Mkm reduced their target price on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Credo Technology Group currently has a consensus rating of “Buy” and a consensus target price of $206.33.

Insider Activity

In other Credo Technology Group news, CEO William Joseph Brennan sold 18,016 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total transaction of $2,120,122.88. Following the completion of the sale, the chief executive officer directly owned 234,609 shares in the company, valued at $27,608,787.12. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total value of $3,234,000.00. Following the completion of the sale, the chief technology officer directly owned 6,272,370 shares in the company, valued at approximately $737,630,712. This represents a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 463,601 shares of company stock valued at $62,835,745 over the last three months. 11.84% of the stock is currently 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.