Jackson Square Capital LLC Makes New $3.30 Million Investment in Credo Technology Group Holding Ltd. $CRDO

Jackson Square Capital LLC purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,914 shares of the company’s stock, valued at approximately $3,297,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. California Public Employees Retirement System increased its holdings in shares of Credo Technology Group by 17.2% during the 2nd quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock worth $23,848,000 after buying an additional 37,772 shares during the last quarter. Optimize Financial Inc acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $1,431,000. Estate Counselors LLC acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $2,548,000. Global Trust Asset Management LLC acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $2,167,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Credo Technology Group by 106.5% during the 3rd quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock worth $21,279,000 after buying an additional 75,369 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group set a $165.00 price target on shares of Credo Technology Group and gave the stock a “buy” rating in a report on Thursday, February 19th. Barclays restated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Roth Mkm cut their price target on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $125.00 price target on shares of Credo Technology Group in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Credo Technology Group has a consensus rating of “Buy” and an average target price of $206.33.

Credo Technology Group News Summary

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

• Positive Sentiment: Hyperscaler expansion and continued AEC (short‑reach copper) adoption are driving strong AEC revenue growth and support higher near‑term demand from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Positive Sentiment: Major analyst support: >90% of analysts rate CRDO a Buy and the consensus price target (~$200) implies substantial upside versus current levels — that buy‑side coverage is supporting investor demand. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang cleared — Credo settled disputes with TE Connectivity and Molex via confidential license/settlement agreements, and related lawsuits will be dismissed, removing litigation uncertainty that had weighed on valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Neutral Sentiment: Comparative coverage and watchlist mentions (MarketBeat/Bridget’s Buys) highlight CRDO as a volatile, high‑growth data‑center name — useful for context but less likely to move price intra‑day. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Insider selling: multiple Form 4 filings (including the CTO) show clustered sales in early April under 10b5‑1 plans — large dollar amounts though small percentage ownership reductions; this cluster can weigh on near‑term sentiment. CTO Insider Sales
• Negative Sentiment: Customer concentration risk: while hyperscaler deals lift revenue, heavy reliance on a small number of large customers raises execution and pricing risk if spending patterns shift. Credo Technology Expands Hyperscaler Reach: Concern or Strength?

Insider Activity at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $103.19, for a total value of $2,837,725.00. Following the completion of the sale, the chief technology officer owned 6,162,370 shares in the company, valued at approximately $635,894,960.30. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction that occurred on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total transaction of $623,816.05. Following the completion of the sale, the chief executive officer owned 222,311 shares of the company’s stock, valued at $22,553,450.95. This trade represents a 2.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 391,119 shares of company stock worth $46,493,731 over the last quarter. Company insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $110.21 on Thursday. Credo Technology Group Holding Ltd. has a fifty-two week low of $33.04 and a fifty-two week high of $213.80. The firm has a 50 day moving average price of $111.85 and a 200 day moving average price of $137.56. The company has a market capitalization of $20.33 billion, a PE ratio of 61.23 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share 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 during the quarter, compared to the consensus estimate of $385.94 million. During the same quarter last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 201.5% on a year-over-year basis. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current 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.