Forsta AP Fonden Acquires Shares of 48,900 Credo Technology Group Holding Ltd. $CRDO

Forsta AP Fonden acquired a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 4th quarter, Holdings Channel.com reports. The fund acquired 48,900 shares of the company’s stock, valued at approximately $7,036,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRDO. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Credo Technology Group by 9.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock worth $39,004,000 after purchasing an additional 23,332 shares during the period. Optimize Financial Inc acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $1,431,000. M&T Bank Corp raised its position in shares of Credo Technology Group by 428.8% during the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after purchasing an additional 10,888 shares during the period. FengHe Fund Management Pte. Ltd. raised its position in shares of Credo Technology Group by 5.7% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after purchasing an additional 8,769 shares during the period. Finally, TD Asset Management Inc acquired a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $17,454,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo reported fiscal Q4 earnings of $1.16 per share, topping the $1.03 consensus estimate, on revenue of $437.0 million, which also beat expectations. Revenue jumped 157% year over year, highlighting continued momentum in AI/data center connectivity demand. Article Title
• Positive Sentiment: The company’s revenue guidance for Q1 fiscal 2027 of $465 million to $475 million came in above the Street’s $462.9 million estimate, reinforcing expectations for continued growth. Article Title
• Positive Sentiment: Mizuho raised its price target on Credo Technology Group (CRDO) from $220 to $260 and reiterated an outperform rating, signaling analyst confidence in the stock’s longer-term upside. Article Title
• Neutral Sentiment: Credo continues to be mentioned as an AI infrastructure and data center beneficiary, which supports the growth story but is not a new fundamental catalyst on its own. Article Title
• Negative Sentiment: Despite the earnings beat, the stock fell sharply after hours as investors seemed disappointed by the market’s reaction and may be worried about sustainability of margins and expectations after a big run-up. Article Title

Credo Technology Group Price Performance

Shares of CRDO stock opened at $226.10 on Tuesday. The business has a 50 day simple moving average of $160.55 and a 200 day simple moving average of $145.28. The firm has a market capitalization of $41.70 billion, a price-to-earnings ratio of 125.61 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 12-month low of $59.88 and a 12-month high of $243.21.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The firm had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm’s quarterly revenue was up 157.0% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. On average, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

CRDO has been the topic of a number of research reports. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a research report on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock. The Goldman Sachs Group increased 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 reissued a “buy” rating and issued a $300.00 price objective on shares of Credo Technology Group in a report on Tuesday. Needham & Company LLC reissued a “buy” rating on shares of Credo Technology Group in a report on Monday. Finally, Rosenblatt Securities increased their price objective on Credo Technology Group from $125.00 to $175.00 and gave the stock a “neutral” rating 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $225.65.

Insiders Place Their Bets

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,782,502 shares of the company’s stock, valued at approximately $209,764,835.36. This trade represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total value of $3,234,000.00. Following the transaction, the chief technology officer directly owned 6,272,370 shares of the company’s stock, valued at approximately $737,630,712. The trade was a 0.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 386,608 shares of company stock valued at $50,371,351. 11.84% of the stock is currently owned by corporate insiders.

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.