Raiffeisen Bank International AG Buys 10,353 Shares of Credo Technology Group Holding Ltd. $CRDO

Raiffeisen Bank International AG increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 120,702 shares of the company’s stock after purchasing an additional 10,353 shares during the quarter. Raiffeisen Bank International AG owned approximately 0.06% of Credo Technology Group worth $32,825,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its holdings in Credo Technology Group by 428.8% during the fourth quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock valued at $1,932,000 after acquiring an additional 10,888 shares during the period. California State Teachers Retirement System increased its stake in shares of Credo Technology Group by 2.2% in the first quarter. California State Teachers Retirement System now owns 240,886 shares of the company’s stock worth $22,612,000 after purchasing an additional 5,113 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of Credo Technology Group by 5.5% in the fourth quarter. TimesSquare Capital Management LLC now owns 264,181 shares of the company’s stock worth $38,013,000 after purchasing an additional 13,881 shares during the period. Corsair Capital Management L.P. acquired a new position in shares of Credo Technology Group during the 1st quarter worth about $469,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Credo Technology Group by 154.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,468 shares of the company’s stock worth $4,672,000 after purchasing an additional 19,708 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at Credo Technology Group

In other news, CFO Daniel W. Fleming sold 7,580 shares of Credo Technology Group stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $245.88, for a total transaction of $1,863,770.40. Following the sale, the chief financial officer directly owned 504,708 shares in the company, valued at approximately $124,097,603.04. The trade was a 1.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Cheng sold 27,473 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the completion of the sale, the chief technology officer directly owned 5,772,397 shares in the company, valued at approximately $1,209,490,343.41. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 377,884 shares of company stock valued at $88,559,765 in the last 90 days. 9.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CRDO shares. Roth Capital raised their target price on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stifel Nicolaus increased their price objective on Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $250.00 price objective on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group upped their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.39.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Credo reported record quarterly revenue of $479 million, up approximately 115% year over year and above analyst expectations. Adjusted earnings of $1.20 per share also exceeded the $1.17 consensus estimate. Why Credo Technology Stock Plunged 20% Today
• Positive Sentiment: Management guided fiscal second-quarter revenue to $525 million-$535 million, signaling continued momentum from AI data-center demand. Analysts also highlight optical products as a potential growth engine, with fiscal 2027 optical revenue potentially exceeding $600 million. Credo Q1 Earnings Call Highlights Optics as the Next Growth Engine
• Positive Sentiment: Credo’s AEC connectivity products continue benefiting from hyperscaler AI infrastructure spending, while broader Neocloud demand and the transition to 1.6-terabit connectivity could expand its addressable market. Its Toucan Gen6x16 PCIe 6.x retimer also achieved industry compliance for next-generation AI and high-performance-computing systems. Will Credo’s Neocloud Expansion Broaden Its AEC Growth Runway?
• Positive Sentiment: Several analysts remain constructive. Stifel initiated coverage with a Buy rating, while JPMorgan maintained Overweight despite reducing its price target to $310. Bank of America also retained a Buy rating with a $275 target.
• Neutral Sentiment: The stock’s decline followed a substantial year-to-date rally, increasing the likelihood of profit-taking and a reset in investor expectations after earnings.
• Negative Sentiment: Investors are concerned that GAAP gross margins are narrowing as Credo invests in manufacturing capacity, research and development, and expansion. Rising operating costs could limit the conversion of rapid revenue growth into earnings.
• Negative Sentiment: Credo’s premium valuation and high-growth expectations leave little room for execution disappointments. Risks cited by analysts include customer concentration, the timing of optical product adoption, and reliance on sustained AI infrastructure spending.
• Negative Sentiment: The selloff pushed the shares below their 200-day moving average, creating a potentially negative technical signal and adding to short-term selling pressure. Mixed analyst reactions—including target reductions—have reinforced investor caution.

Credo Technology Group Trading Down 0.6%

Shares of NASDAQ:CRDO opened at $164.17 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 has a market capitalization of $30.85 billion, a PE ratio of 58.42, a PEG ratio of 0.75 and a beta of 3.22. The business’s 50 day moving average is $231.67 and its 200-day moving average is $189.13.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a return on equity of 32.91% and a net margin of 33.83%.Credo Technology Group’s quarterly revenue was up 114.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. On average, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 4.89 EPS for the current year.

Credo Technology Group 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.