Teacher Retirement System of Texas Has $34.49 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Teacher Retirement System of Texas raised its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 486.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 239,721 shares of the company’s stock after buying an additional 198,826 shares during the period. Teacher Retirement System of Texas’ holdings in Credo Technology Group were worth $34,493,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group in the third quarter valued at about $25,000. Crewe Advisors LLC lifted its stake in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after buying an additional 106 shares during the period. First Horizon Corp acquired a new position in Credo Technology Group in the third quarter valued at about $26,000. Flagship Harbor Advisors LLC bought a new stake in shares of Credo Technology Group in the fourth quarter worth about $32,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Credo Technology Group in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Buying and Selling at Credo Technology Group

In related news, CEO William Joseph Brennan sold 6,149 shares of the company’s stock in a transaction dated Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the sale, the chief executive officer owned 222,311 shares in the company, valued at approximately $22,553,450.95. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $157.58, for a total value of $4,333,450.00. Following the sale, the chief technology officer owned 6,107,370 shares in the company, valued at $962,399,364.60. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 401,499 shares of company stock valued at $47,775,895 in the last ninety days. Insiders own 11.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRDO shares. The Goldman Sachs Group increased their price target on Credo Technology Group from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Roth Mkm lowered their price target on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Barclays restated an “overweight” rating and issued a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Rosenblatt Securities increased their price target on Credo Technology Group from $125.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Finally, Jefferies Financial Group started coverage on Credo Technology Group in a report on Monday, April 13th. They issued a “buy” rating and a $175.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Credo Technology Group presently has an average rating of “Moderate Buy” and an average target price of $207.81.

Credo Technology Group Price Performance

CRDO stock opened at $185.54 on Friday. The stock has a market capitalization of $34.22 billion, a P/E ratio of 103.08 and a beta of 2.72. The business has a 50-day moving average of $120.68 and a 200-day moving average of $138.33. Credo Technology Group Holding Ltd. has a fifty-two week low of $40.17 and a fifty-two week high of $213.80.

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

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Proposed DustPhotonics acquisition and OmniConnect platform push — Credo unveiled its OmniConnect “Weaver” solution and 224G PAM4 SerDes IP at TSMC and advanced a proposed ~$750M purchase of silicon‑photonics specialist DustPhotonics, signaling a move toward a vertically integrated AI connectivity stack; the report credits this combo for a sharp intraday jump. Credo (CRDO) Is Up 12.6% After DustPhotonics Deal And New AI Connectivity Platform Push
• Positive Sentiment: Bullish analysis: “AI comeback” thesis — A Seeking Alpha piece argues the DustPhotonics deal and optics exposure remove the main bear case, calling Credo a full‑stack connectivity play with runway if AEC and optics markets accelerate. Credo’s AI Comeback Is Just Getting Started
• Positive Sentiment: TSMC symposium visibility — Credo is presenting next‑gen connectivity for AI infrastructure at TSMC’s 2026 Technology Symposium (North America and other events), increasing visibility with foundry/hyperscaler ecosystems. Credo to Highlight Next-Generation Connectivity Solutions for AI Infrastructure at TSMC 2026 Technology Symposium
• Positive Sentiment: Company media coverage of TSMC symposium — Additional reporting highlights Credo’s product showcases at TSMC, reinforcing the messaging around SerDes, optical integration and customer outreach. Credo to Highlight Next-Generation Connectivity Solutions for AI Infrastructure at TSMC 2026 Technology Symposium
• Positive Sentiment: Strong recent momentum — Zacks notes CRDO rose ~34% in one week, signaling heavy momentum interest that can amplify moves on catalyst news. Credo Technology Group Holding Ltd. (CRDO) Is Up 34.37% in One Week: What You Should Know
• Positive Sentiment: Analyst/sector recognition — Zacks also lists CRDO among top-ranked AI‑infrastructure names, which can attract institutional flows if AI data‑center spend stays strong. 5 Top-Ranked AI Infrastructure Bigwigs for Sparkling Returns in 2026
• Neutral Sentiment: Market commentary (Cramer) — A CNBC/Benzinga piece references “stocks that got away” in a broader segment; it’s not specific to Credo and is unlikely to be a direct price driver. Cramer Names ‘The Stocks That Got Away’ — SanDisk Is Number 1
• Neutral Sentiment: Competitive signals — Coverage of Astera Labs’ strong demand highlights broader AI‑connectivity competition; useful context but not direct Credo news. ALAB Rides on Strong Aries and Taurus Demand: A Sign for More Upside?

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.