Quantbot Technologies LP Lowers Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

Quantbot Technologies LP lowered its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 95.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,058 shares of the company’s stock after selling 40,932 shares during the period. Quantbot Technologies LP’s holdings in Credo Technology Group were worth $300,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRDO. California Public Employees Retirement System boosted its holdings in Credo Technology Group by 17.2% in the 2nd quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after purchasing an additional 37,772 shares in the last quarter. Optimize Financial Inc purchased a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $1,431,000. Estate Counselors LLC purchased a new position in shares of Credo Technology Group during the 3rd quarter worth approximately $2,548,000. Global Trust Asset Management LLC acquired a new stake in shares of Credo Technology Group in the 3rd quarter valued at approximately $2,167,000. Finally, New York State Common Retirement Fund boosted its stake 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 valued at $21,279,000 after buying an additional 75,369 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other news, CFO Daniel W. Fleming sold 3,902 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $140.15, for a total transaction of $546,865.30. Following the completion of the transaction, the chief financial officer directly owned 446,178 shares of the company’s stock, valued at $62,531,846.70. This trade represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $128.67, for a total value of $241,256.25. Following the transaction, the director owned 5,892,034 shares of the company’s stock, valued at $758,128,014.78. This represents a 0.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 861,101 shares of company stock valued at $126,611,953. 11.84% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on CRDO shares. New Street Research set a $240.00 price objective on Credo Technology Group in a report on Tuesday, December 2nd. Craig Hallum restated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Barclays reaffirmed an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a research note on Thursday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Finally, Susquehanna reduced their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $206.33.

Key Credo Technology Group News

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

• Positive Sentiment: Huge Q3 beat and hypergrowth — Credo reported ~201.5% YoY revenue growth, an EPS beat and strong profitability metrics that validate rapid data‑center demand and support long‑term upside. Credo Technologies Hits Bottom: Now Is the Time to Buy
• Positive Sentiment: New ZeroFlap optics product could lift future margins and wins — Credo unveiled ZeroFlap optics aimed at much higher reliability and lower power for AI data centers, a product-market fit that could accelerate bookings if hyperscalers ramp. Can Accelerating ZeroFlap Optics Ramp Buoy Credo’s Growth Trajectory?
• Positive Sentiment: Industry momentum / peer catalysts — Broadcom’s Q1 strength has been cited as a tailwind for connectivity suppliers, with Credo named as a beneficiary of stronger hyperscaler capex. The Real Winner from Broadcom’s Q1 Earnings Is This 1 Lesser-Known Stock
• Neutral Sentiment: Institutional positioning and analyst coverage point to conviction but also mixed price targets — institutional accumulation is support, yet targets vary. Credo Technologies Hits Bottom: Now Is the Time to Buy
• Neutral Sentiment: Reported short‑interest data appears inconsistent/garbled (zero shares / NaN increases); the print is unreliable and shouldn’t be taken as a clear bearish signal. (Data entries dated March 9–10.)
• Neutral Sentiment: Reference financials available for deeper due diligence (Barron’s company financial page). Credo Technology Group Holding Ltd. Financials
• Negative Sentiment: Near‑term sentiment headwinds — the post‑earnings period produced a sell‑the‑news reaction; management flagged some gross‑margin compression and client concentration risks (three large hyperscaler customers), which can pressure the stock until further order visibility emerges. Credo Technologies Hits Bottom: Now Is the Time to Buy

Credo Technology Group Stock Down 3.1%

Shares of CRDO stock opened at $112.33 on Wednesday. The stock has a market cap of $20.72 billion, a P/E ratio of 62.41 and a beta of 2.67. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $213.80. The business has a fifty day simple moving average of $128.47 and a 200-day simple moving average of $143.44.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS. On average, sell-side 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.