Intech Investment Management LLC Reduces Holdings in Credo Technology Group Holding Ltd. $CRDO

Intech Investment Management LLC lessened its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 34.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,370 shares of the company’s stock after selling 36,512 shares during the quarter. Intech Investment Management LLC’s holdings in Credo Technology Group were worth $9,955,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp purchased a new stake in Credo Technology Group in the third quarter valued at $25,000. First Horizon Corp acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth about $26,000. Smartleaf Asset Management LLC raised its holdings in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after buying an additional 147 shares during the period. Park Place Capital Corp acquired a new position in Credo Technology Group in the third quarter valued at about $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Credo Technology Group during the second quarter worth about $27,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: TensorWave partnership reinforces Credo’s route into hyperscaler/AI-cluster builds by specifying Credo’s ZeroFlap active electrical cables & optics for next‑gen AMD-based AI systems — a near-term commercial validation that can drive revenue adoption in the AI infrastructure cycle. TensorWave Partners with Credo
• Positive Sentiment: Recent quarterly results showed outsized AI‑fueled revenue growth and margin expansion (strong top-line beat and materially higher year‑over‑year revenue), supporting a multi‑quarter growth narrative that underpins investor enthusiasm.
• Neutral Sentiment: Comparisons to Texas Instruments highlight Credo’s faster AI-driven revenue acceleration but also underscore TI’s far larger scale — useful context for investors weighing growth vs. durability. CRDO vs. TXN: Which Semiconductor Stock Is the Better Buy?
• Neutral Sentiment: Sector moves such as Marvell’s Celestial AI acquisition (photonics/AI fabric tech) elevate the competitive bar for ultra‑high‑bandwidth interconnects — a longer‑term factor that could influence product cycles and wins. How MRVL’s Celestial AI Acquisition Fills Its Critical Technology Gap?
• Negative Sentiment: A Seeking Alpha preview flags material risks: customer concentration (large share of revenue tied to a single Customer A), potential margin pressure, and strategic vulnerability if hyperscalers pivot faster to optical solutions — all reasons investors may trim positions. Credo Q3 Preview: Asymmetry Is The Art Of Alpha
• Negative Sentiment: Valuation tension: Credo trades at a high multiple and has a history of volatility, so after the recent run-up some investors appear to be taking profits — a likely contributor to today’s weakness.
• Negative Sentiment: Short‑interest reporting showed an odd spike entry with zero shares reported (data appears inconsistent), which may reflect reporting noise but can increase near‑term volatility if traders react to perceived shorting activity.

Credo Technology Group Stock Down 7.3%

NASDAQ:CRDO opened at $114.48 on Friday. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80. The company has a fifty day simple moving average of $134.54 and a two-hundred day simple moving average of $143.36. The company has a market cap of $20.68 billion, a price-to-earnings ratio of 100.42 and a beta of 2.65.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $268.03 million for the quarter, compared to analysts’ expectations of $234.99 million. During the same period last year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 272.1% compared to the same quarter last year. On average, analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CRDO shares. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price target on shares of Credo Technology Group in a research note on Tuesday, February 10th. KGI Securities raised Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 target price on the stock in a research report on Tuesday, December 2nd. 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. Bank of America lifted their price objective on Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group set a $165.00 target price on Credo Technology Group and gave the stock a “buy” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Credo Technology Group currently has a consensus rating of “Moderate Buy” and an average price target of $209.29.

Insider Activity

In related news, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $174.70, for a total value of $9,608,500.00. Following the completion of the transaction, the chief technology officer owned 6,613,961 shares in the company, valued at $1,155,458,986.70. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the transaction, the chief executive officer owned 1,892,502 shares of the company’s stock, valued at $289,855,606.32. This trade represents a 2.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 917,976 shares of company stock worth $136,567,647. 11.84% of the stock is currently owned by company insiders.

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.