Credo Technology Group Holding Ltd. $CRDO Shares Sold by Stephens Inc. AR

Posted by Lauren Steadman on May 23rd, 2026

Stephens Inc. AR cut its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 62.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,802 shares of the company’s stock after selling 4,569 shares during the period. Stephens Inc. AR’s holdings in Credo Technology Group were worth $403,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after buying an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after buying an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Credo Technology Group by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after buying an additional 7,107 shares during the last quarter. CW Advisors LLC acquired a new stake in shares of Credo Technology Group during the 2nd quarter worth $288,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Credo Technology Group by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $46,000 after buying an additional 333 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Trading Up 12.9%

Shares of Credo Technology Group stock opened at $218.41 on Friday. The company has a fifty day moving average price of $146.81 and a 200 day moving average price of $143.06. Credo Technology Group Holding Ltd. has a twelve month low of $59.00 and a twelve month high of $218.95. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 121.34 and a beta of 3.17.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced 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. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same period in the prior year, the company earned $0.25 EPS. The firm’s revenue was up 201.5% on a year-over-year basis. Analysts forecast that Credo Technology Group Holding Ltd. will post 2.36 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: Credo was highlighted as an AI infrastructure winner alongside Nvidia, Innodata and Qualcomm, keeping investor focus on its exposure to edge computing and data growth. Zacks Investment Ideas feature highlights: Nvidia, Innodata, Credo Technology and Qualcomm
Positive Sentiment: Zacks framed CRDO as one of the better alternative AI stocks to Nvidia, suggesting more upside as investors look beyond the mega-cap leader. Has Nvidia Become Too Big? 3 Alternative AI Stocks
Positive Sentiment: Credo jumped after announcing an AI Factory partnership with Rebellions to integrate ZeroFlap cables into RebelPOD, which could strengthen its position in scalable AI data center builds. AI Factory Partnership With Rebellions Sends Credo’s Shares Up 8%
Positive Sentiment: Several outlets described Credo as a “Bull of the Day” and a top semiconductor stock with high upside potential, adding to the upbeat sentiment around the shares. Bull of the Day: Credo Technology Group (CRDO)
Neutral Sentiment: One article compared CRDO with Coherent as an AI connectivity stock, but the piece was more of an industry comparison than a fresh catalyst. CRDO vs. COHR: Which AI Connectivity Stock Is the Better Buy?
Negative Sentiment: Broader market coverage noted Nvidia weakness and mixed trading in AI names, which could have tempered enthusiasm even as Credo outperformed. Stock Market Today: Dow Up, Nvidia Sinks 2% While Intuit Craters; These AI Companies Thrive (Live Coverage)

Analysts Set New Price Targets

A number of research firms have recently commented on CRDO. Weiss Ratings downgraded Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. The Goldman Sachs Group upped their price objective 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 dropped their price objective 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. Susquehanna dropped their price objective on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a report on Tuesday, March 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of Credo Technology Group in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Credo Technology Group has an average rating of “Buy” and an average price target of $207.71.

Read Our Latest Stock Report on Credo Technology Group

Insider Buying and Selling at Credo Technology Group

In related news, CFO Daniel W. Fleming sold 7,580 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $152.63, for a total transaction of $1,156,935.40. Following the completion of the sale, the chief financial officer directly owned 433,678 shares of the company’s stock, valued at approximately $66,192,273.14. This represents a 1.72% decrease in their position. The sale was disclosed in a document filed 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, CEO William Joseph Brennan sold 6,149 shares of the company’s stock in a transaction on 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 directly owned 222,311 shares of the company’s stock, valued at approximately $22,553,450.95. This trade represents a 2.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 386,608 shares of company stock valued at $50,371,351 in the last quarter. Company insiders own 11.84% of the company’s stock.

Credo Technology Group Profile

(Free Report)

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.