Credo Technology Group Holding Ltd. $CRDO Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. reduced its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 33.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,495 shares of the company’s stock after selling 9,906 shares during the period. Connors Investor Services Inc.’s holdings in Credo Technology Group were worth $2,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its position in Credo Technology Group by 14.8% during the third quarter. CIBC Private Wealth Group LLC now owns 861 shares of the company’s stock valued at $125,000 after acquiring an additional 111 shares during the period. CIBC Bancorp USA Inc. purchased a new position in shares of Credo Technology Group in the 3rd quarter worth about $2,301,000. WBI Investments LLC purchased a new position in shares of Credo Technology Group in the 3rd quarter worth about $451,000. Coldstream Capital Management Inc. acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at about $303,000. Finally, Danske Bank A S purchased a new stake in shares of Credo Technology Group during the 3rd quarter worth about $4,328,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insiders Place Their Bets

In related news, 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 sale, the chief executive officer owned 1,832,502 shares of the company’s stock, valued at $233,992,180.38. The trade was a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $143.41, for a total transaction of $7,887,550.00. Following the completion of the transaction, the chief technology officer owned 6,448,961 shares in the company, valued at $924,845,497.01. This represents a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 463,601 shares of company stock worth $62,835,745. Corporate insiders own 11.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CRDO shares. New Street Research set a $240.00 target price on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Susquehanna reduced 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 research report on Tuesday, March 3rd. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Bank of America increased their price objective on shares of Credo Technology Group from $165.00 to $240.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $206.33.

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $104.06 on Wednesday. The business’s 50-day simple moving average is $125.71 and its 200 day simple moving average is $143.10. The company has a market cap of $19.19 billion, a P/E ratio of 57.81 and a beta of 2.67. 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 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. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter in the prior year, the business earned $0.25 EPS. Credo Technology Group’s quarterly revenue 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.

Key Credo Technology Group News

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

• Positive Sentiment: Multiple AI‑focused product launches (800G ZeroFlap optical transceivers, Robin 800G optical DSPs and the low‑power 1.6T Cardinal DSP family) expand Credo’s addressable market for hyperscale AI fabrics and signaling a clear push into optical and DSP solutions for AI data centers. Credo Launches 800G ZeroFlap Optical Transceivers Engineered for AI Networks
• Positive Sentiment: OFC 2026 demonstrations and industry recognition (ZeroFlap, Bluebird DSP) showcase live performance and give Credo credibility with hyperscalers that buy scale‑out/scale‑up interconnects. Credo Showcases ZeroFlap And Bluebird As AI Data Center Catalyst
• Positive Sentiment: Strong recent financials: Q3 revenue and EPS materially beat and management projects large FY2026 growth; macro comments from Oracle and Broadcom implying continued copper demand support Credo’s near‑term growth runway. Credo’s Growth Explosion The Market Is Ignoring
• Neutral Sentiment: Sector tailwinds from Oracle’s data center buildout and Broadcom commentary (slower CPO adoption) help the copper‑centric parts of Credo’s business, but long‑term optics/CPO remain a risk to monitor. Why Credo and Astera Soared After Oracle and Broadcom’s Earnings
• Neutral Sentiment: Heightened retail attention and a large volume spike are driving short‑term volatility; that can amplify moves unrelated to fundamentals. CRDO shares garner retail attention amid new product launches, Nvidia CEO comments on copper use
• Negative Sentiment: Despite the launches, the stock fell intraday — suggesting profit‑taking or rotation after a big run; some investors are locking gains rather than waiting for adoption cycles. Credo Falls Despite New AI Networking Launches
• Negative Sentiment: Analyst/pricing and risk factors: Bank of America lowered its price target (but kept a Buy), and Credo has high customer concentration and a rich valuation — all reasons some holders may be trimming exposure. Credo Technology (CRDO) Fuels Optimism Despite Industry Re-Rating

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.