Credo Technology Group Holding Ltd. $CRDO Shares Acquired by KBC Group NV

KBC Group NV grew its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 304.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,674 shares of the company’s stock after purchasing an additional 13,309 shares during the period. KBC Group NV’s holdings in Credo Technology Group were worth $2,543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Capelight Capital Asset Management LP acquired a new position in shares of Credo Technology Group in the 4th quarter valued at about $1,583,000. Farther Finance Advisors LLC lifted its holdings in shares of Credo Technology Group by 31.1% in the 4th quarter. Farther Finance Advisors LLC now owns 5,986 shares of the company’s stock valued at $861,000 after buying an additional 1,419 shares during the period. Assetmark Inc. lifted its holdings in shares of Credo Technology Group by 34.4% in the 4th quarter. Assetmark Inc. now owns 2,654 shares of the company’s stock valued at $382,000 after buying an additional 680 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Credo Technology Group in the 4th quarter valued at about $307,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of Credo Technology Group in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 80.46% 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: Traders flagged a Power Inflow alert — a momentum/order-flow signal that often precedes continued buying pressure and likely helped push the stock up. Read More.
• Positive Sentiment: Fundamentals and M&A narrative: Seeking Alpha highlights Credo’s hypergrowth profile, strong gross margins (~68.8%), >200% YoY revenue growth, and the DustPhotonics acquisition that increases vertical integration and management’s revenue targets (>$500M by FY2027). These factors support upside expectations. Read More.
• Positive Sentiment: Strategic optics investment: Coverage (247WallStreet) frames Credo’s ~$750M optics push as timely given surging AI data‑center buildouts and copper supply pressures, which could accelerate demand for optical interconnects versus copper. This narrative supports long-term TAM expansion. Read More.
• Neutral Sentiment: Peer comparison: Multiple pieces (Yahoo/Zacks) compare CRDO to rivals like ALAB, weighing Credo’s M&A/AEC growth against competitors’ AI-driven demand — useful for relative valuation and positioning but not a definitive catalyst. Read More. | Read More.
• Neutral Sentiment: Insider selling disclosed: CTO Chi Fung Cheng sold 27,500 shares under a pre-arranged Rule 10b5‑1 plan (small ~0.45% trimming). Markets often note insider sales, but the planned nature and size limit the negative signal. Read More. | Read More.
• Negative Sentiment: Valuation concerns: Analysts and articles are flagging rapid recent gains and high multiples (very strong 1‑year return) — some pieces question whether the stock is overvalued after the surge, which could temper further upside or invite pullbacks. Read More.

Insider Transactions at Credo Technology Group

In related news, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $5,884,000.00. Following the completion of the transaction, the chief executive officer owned 1,782,502 shares of the company’s stock, valued at approximately $209,764,835.36. This represents a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Chi Fung Cheng sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $136.33, for a total value of $4,089,900.00. Following the completion of the transaction, the chief technology officer directly owned 6,327,370 shares of the company’s stock, valued at $862,610,352.10. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 431,499 shares of company stock valued at $51,865,795 in the last ninety days. 11.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CRDO has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of Credo Technology Group in a report on Wednesday, April 15th. Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Finally, Jefferies Financial Group assumed coverage on Credo Technology Group in a report on Monday, April 13th. They issued a “buy” rating and a $175.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Credo Technology Group currently has an average rating of “Moderate Buy” and an average price target of $207.81.

Credo Technology Group Trading Up 8.6%

NASDAQ CRDO opened at $174.53 on Tuesday. The stock has a market capitalization of $32.19 billion, a price-to-earnings ratio of 96.96 and a beta of 2.72. Credo Technology Group Holding Ltd. has a twelve month low of $33.04 and a twelve month high of $213.80. The stock has a 50-day moving average of $117.21 and a 200 day moving average of $137.36.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.Credo Technology Group’s quarterly revenue was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. Equities analysts predict that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current fiscal 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.