National Pension Service Sells 10,939 Shares of Credo Technology Group Holding Ltd. $CRDO

National Pension Service lessened its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 2.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 427,471 shares of the company’s stock after selling 10,939 shares during the quarter. National Pension Service’s holdings in Credo Technology Group were worth $116,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Reflection Asset Management bought a new position in Credo Technology Group in the 4th quarter worth $25,000. Acumen Wealth Advisors LLC bought a new stake in Credo Technology Group during the fourth quarter valued at about $25,000. Orion Capital Management LLC purchased a new stake in Credo Technology Group in the second quarter worth about $27,000. AlphaCentric Advisors LLC purchased a new stake in Credo Technology Group in the first quarter worth about $33,000. Finally, Van ECK Associates Corp purchased a new position in shares of Credo Technology Group during the 4th quarter valued at about $37,000. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Price Performance

Credo Technology Group stock opened at $160.31 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The firm’s 50 day moving average price is $223.25 and its 200-day moving average price is $190.60. The stock has a market cap of $30.13 billion, a P/E ratio of 57.05, a PEG ratio of 0.67 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $479.00 million during the quarter, compared to analyst estimates of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. Credo Technology Group’s revenue for the quarter was up 114.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. As a group, equities analysts expect that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Roth Capital increased their price objective on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their target price on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 2nd. Rosenblatt Securities upped their target price on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. Finally, Wall Street Zen cut Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $267.39.

Insider Buying and Selling at Credo Technology Group

In other news, CFO Daniel Fleming sold 7,580 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $245.88, for a total transaction of $1,863,770.40. Following the completion of the transaction, the chief financial officer owned 504,708 shares in the company, valued at $124,097,603.04. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 55,441 shares of Credo Technology Group stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $213.02, for a total value of $11,810,041.82. Following the completion of the sale, the chief operating officer directly owned 2,529,169 shares in the company, valued at $538,763,580.38. This trade represents a 2.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 313,074 shares of company stock valued at $71,827,816 in the last 90 days. Insiders own 9.06% of the company’s stock.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: AI infrastructure demand remains a major growth driver. Analysts highlight strong demand for active electrical cables, Retimers and optical products, with management expecting approximately 85% fiscal 2027 revenue growth and more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
• Positive Sentiment: Recent financial results continued to exceed expectations. Credo reported $479 million in quarterly revenue, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The results marked another consecutive earnings beat and a continuation of triple-digit growth. Credo Q1 2027 Earnings Call Transcript
• Positive Sentiment: Several analysts view the pullback as a buying opportunity. Bullish coverage points to Credo’s expanding connectivity portfolio, including optical DSPs, ZeroFlap Optics and silicon photonics, while some published price targets remain above $300. The Credo Selloff Could Be a Huge Buying Opportunity
• Neutral Sentiment: Management’s investor presentation provided additional visibility but no specific new catalyst was reported. Credo also presented at the Goldman Sachs Communacopia + Technology Conference. Short-interest data showed no meaningful change, with reported short interest remaining at zero. Credo Goldman Sachs Conference Transcript
• Negative Sentiment: Gross-margin compression is the key near-term concern. Investors are questioning whether Credo can scale its AI connectivity business without additional GAAP margin pressure. Working-capital expansion and the stock’s elevated valuation increase sensitivity to any disappointing outlook. Credo Reports 115% Revenue Growth but Lower GAAP Gross Margin
• Negative Sentiment: CTO Chi Fung Cheng sold 3,790 shares for approximately $644,300. The sale reduced his direct holdings by about 2.7%, although he retained 136,568 shares. The transaction may add pressure to sentiment, particularly following earlier sales. Chi Fung Cheng Sells Credo Shares

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.