Credo Technology Group Holding Ltd. $CRDO is Oxbow Capital Management HK Ltd’s 2nd Largest Position

Oxbow Capital Management HK Ltd boosted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 31.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 687,500 shares of the company’s stock after purchasing an additional 162,500 shares during the quarter. Credo Technology Group makes up 17.5% of Oxbow Capital Management HK Ltd’s portfolio, making the stock its 2nd biggest holding. Oxbow Capital Management HK Ltd’s holdings in Credo Technology Group were worth $100,107,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CRDO. Vanguard Group Inc. boosted its stake in Credo Technology Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,525,380 shares of the company’s stock worth $2,406,261,000 after buying an additional 150,012 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Credo Technology Group by 18.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after acquiring an additional 1,190,522 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Credo Technology Group by 4.7% during the 2nd quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock valued at $334,740,000 after acquiring an additional 163,305 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Credo Technology Group by 66.0% during the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after acquiring an additional 1,218,504 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after acquiring an additional 589,151 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $150.77, for a total value of $8,292,350.00. Following the transaction, the chief technology officer owned 6,503,961 shares of the company’s stock, valued at approximately $980,602,199.97. This trade represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $127.69, for a total transaction of $6,384,500.00. Following the transaction, the chief executive officer owned 1,832,502 shares in the company, valued at $233,992,180.38. The trade was a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 518,601 shares of company stock worth $70,752,445. Insiders own 11.84% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Strong quarterly results and growth outlook: Credo reported a record quarter with a sizable EPS and revenue beat, plus high margins and strong year‑over‑year revenue growth — a key reason investors have been bidding the stock up. Credo Technology Soars on Record Earnings and Growth
• Positive Sentiment: Product visibility at OFC 2026: Credo will showcase optical solutions for AI scale‑out fabrics at the OFC conference, highlighting demand exposure to AI/datacenter customers that can support revenue growth. Credo to Showcase Optical Solutions for AI Scale-Out Fabrics at OFC 2026
• Positive Sentiment: Analyst/BRI commentary bullish on long‑term thesis: A recent Seeking Alpha piece highlights growing hyperscaler adoption, ~88% AEC market share, and an R&D/sampling pipeline (next‑gen 1.6Tb AECs and active cables) that could drive material revenue recognition in FY2027 — supporting a constructive investment case. Credo: Meltdown’s A Gift – Growing Hyperscaler Adoption, Robust R&D/Sampling Cadence
• Neutral Sentiment: Short interest reporting appears anomalous: Recent short‑interest entries show 0 shares and NaN changes — likely a reporting/data issue rather than a meaningful change in bearish positioning; this should be treated as neutral until clarified.
• Negative Sentiment: Insider sales by senior executives may create short‑term pressure: CEO William Brennan sold a total of 68,016 shares on March 11 (multiple filings) and CTO Chi Fung Cheng sold 27,500 shares the same day. These disclosures can trigger investor concern about insider liquidity or timing, even though insiders still hold large positions. SEC filings: CEO Form 4 and CTO Form 4

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $117.69 on Friday. The stock has a 50-day simple moving average of $126.75 and a 200-day simple moving average of $143.04. The stock has a market capitalization of $21.71 billion, a P/E ratio of 65.38 and a beta of 2.67. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $385.94 million. During the same quarter last year, the firm posted $0.25 earnings per share. Credo Technology Group’s revenue for the quarter was up 201.5% compared to the same quarter last year. Analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRDO has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. TD Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Susquehanna decreased their price target on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday, March 3rd. Roth Mkm lowered their price objective on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Rosenblatt Securities dropped their price objective on Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $206.33.

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.