Fox Run Management L.L.C. Sells 9,533 Shares of Credo Technology Group Holding Ltd. $CRDO

Fox Run Management L.L.C. cut its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 86.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,528 shares of the company’s stock after selling 9,533 shares during the quarter. Fox Run Management L.L.C.’s holdings in Credo Technology Group were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp acquired a new stake in Credo Technology Group in the 3rd quarter valued at about $25,000. First Horizon Corp bought a new stake in shares of Credo Technology Group during the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Credo Technology Group by 133.6% in the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after purchasing an additional 147 shares in the last quarter. Park Place Capital Corp bought a new position in Credo Technology Group in the 3rd quarter worth approximately $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Credo Technology Group during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRDO. The Goldman Sachs Group set a $165.00 target price on Credo Technology Group and gave the company a “buy” rating in a research note on Thursday, February 19th. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Susquehanna cut their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a research report on Tuesday. Craig Hallum reaffirmed a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday. Finally, Rosenblatt Securities lowered their price target on shares of Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.33.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $128.67, for a total transaction of $241,256.25. Following the transaction, the director directly owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. The trade was a 0.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sylvia Acevedo sold 2,200 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $159.18, for a total value of $350,196.00. Following the completion of the transaction, the director directly owned 18,545 shares of the company’s stock, valued at approximately $2,951,993.10. The trade was a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 917,976 shares of company stock worth $136,567,647 in the last three months. 11.84% of the stock is owned by insiders.

Credo Technology Group Price Performance

Shares of CRDO stock opened at $97.30 on Wednesday. The stock has a market cap of $17.58 billion, a PE ratio of 54.06 and a beta of 2.67. The stock has a 50-day moving average of $132.06 and a 200-day moving average of $143.44. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 37.17%. The business’s revenue for the quarter was up 201.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. As a group, research analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Strong beat: CRDO reported Q3 revenue of $407M (≈+201% YoY) and $1.07 EPS, materially above estimates — evidence of robust demand and execution. Credo quarterly earnings transcript
• Positive Sentiment: Guidance beat: management gave Q4 revenue guidance (~$425M–$435M) above Street consensus and projected >50% revenue growth for FY2027, supporting the multi-quarter growth narrative. BusinessWire: Q3 results press release
• Positive Sentiment: Product & partnerships: Credo is accelerating ZeroFlap optics ramp and expanding partnerships (TensorWave, CoMira), which lengthens the TAM for optical interconnects in AI datacenters. These are constructive for medium-term revenue growth. Zacks: Credo & TensorWave team-up
• Neutral Sentiment: Mixed analyst views: several firms reiterated buys but some lowered price targets — the consensus view still bullish on long-term upside but with nearer-term model adjustments. Benzinga: analysts revise forecasts
• Neutral Sentiment: Short-interest data currently shows no meaningful days-to-cover signal; not a clear driver of today’s volume spike.
• Negative Sentiment: Trade hangover / profit-taking: CRDO was caught in a sector-wide pullback after a recent surge — heavy selling pressure drove a double-digit drop as traders rotated out of high-flyers. 247WallSt: AI stocks diverge
• Negative Sentiment: Deceleration & margin concerns: despite beat and guidance, commentary and Q4 gross-margin guidance were viewed as conservative — analysts and investors fear AEC growth could slow into FY27, prompting re-rating. Seeking Alpha: Is AI Broken?
• Negative Sentiment: Macro risk-off: broader market volatility (geopolitical headlines, futures weakness) amplified selling in tech/AI names, increasing intraday volume and downside pressure on CRDO. Benzinga: futures plunge, market in focus

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.