CTC Alternative Strategies Ltd. Takes $776,000 Position in Credo Technology Group Holding Ltd. $CRDO

CTC Alternative Strategies Ltd. bought a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,330 shares of the company’s stock, valued at approximately $776,000. Credo Technology Group comprises approximately 0.9% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of CRDO. California Public Employees Retirement System lifted its stake in Credo Technology Group by 17.2% in the second quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock worth $23,848,000 after purchasing an additional 37,772 shares during the last quarter. Optimize Financial Inc bought a new position in shares of Credo Technology Group during the third quarter valued at about $1,431,000. Estate Counselors LLC bought a new position in shares of Credo Technology Group during the third quarter valued at about $2,548,000. Global Trust Asset Management LLC purchased a new position in shares of Credo Technology Group in the third quarter worth about $2,167,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Credo Technology Group by 106.5% in the third quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock worth $21,279,000 after buying an additional 75,369 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In related news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $127.69, for a total value of $6,384,500.00. Following the completion of the sale, the chief executive officer owned 1,832,502 shares of the company’s stock, valued at $233,992,180.38. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction on Monday, December 29th. The shares were sold at an average price of $143.41, for a total transaction of $7,887,550.00. Following the completion of the sale, the chief technology officer owned 6,448,961 shares in the company, valued at approximately $924,845,497.01. This trade represents a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 463,601 shares of company stock valued at $62,835,745. 11.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Susquehanna dropped their target price on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a report on Tuesday, March 3rd. New Street Research set a $240.00 price objective on Credo Technology Group in a research report on Tuesday, December 2nd. Stifel Nicolaus set a $200.00 price objective on Credo Technology Group in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Finally, The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the stock a “buy” rating in a research note on Thursday, February 19th. Two research 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, the company has an average rating of “Buy” and an average price target of $206.33.

Credo Technology Group News Summary

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

• Positive Sentiment: Company rolled out multiple AI-focused products (800G ZeroFlap transceivers and new DSP families) aimed at faster, more observable AI fabrics — a direct revenue opportunity as hyperscalers refresh networks. Credo Technology Expands AI Footprint With New Product Launches
• Positive Sentiment: Credo’s prior quarter showed strong top-line growth and profitability, giving credibility to its ability to monetize new AI interconnect products; that fundamental strength supports longer-term upside. Credo Technology Group Trading Down 2.2%
• Positive Sentiment: Press releases formally announce the 800G ZeroFlap transceivers and DSP families (Robin, Cardinal), which should help Credo compete for next-gen AI fabric designs. Product announcements increase visibility with hyperscalers and OEMs. Credo Launches 800G ZeroFlap Optical Transceivers Engineered for AI Networks
• Neutral Sentiment: Analysts and outlets are reassessing Credo’s valuation after the launches; coverage stresses both growth potential and how much of that is already priced in following recent gains. This keeps near-term sentiment mixed. Assessing Credo Technology Group (CRDO) Valuation After New AI Data Center Connectivity Launches
• Neutral Sentiment: Retail traders have shown heightened interest around the launches and related chip/optics headlines, which can amplify intraday swings but is not a clear directional signal for fundamentals. CRDO shares garner retail attention amid new product launches, Nvidia CEO comments on copper use
• Negative Sentiment: Market commentary flagged a fiber‑optics demand/technology concern as a near-term headwind, which traders cited when trimming positions into the news flow. That worry is being priced into intraday weakness. Semiconductor Stock Signal Has Never Been Wrong
• Negative Sentiment: Some coverage noted the stock fell despite the launches, signaling profit-taking and technical selling after a recent run; that mechanical selling pressure can outweigh positive product news in the short term. Credo Falls Despite New AI Networking Launches

Credo Technology Group Price Performance

NASDAQ CRDO opened at $101.72 on Thursday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The stock has a market capitalization of $18.76 billion, a PE ratio of 56.51 and a beta of 2.67. The business’s 50-day moving average is $124.92 and its 200 day moving average is $142.81.

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