SPX Gestao de Recursos Ltda Invests $4.95 Million in Credo Technology Group Holding Ltd. $CRDO

SPX Gestao de Recursos Ltda acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 34,000 shares of the company’s stock, valued at approximately $4,951,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Systematic Alpha Investments LLC acquired a new position in Credo Technology Group during the 3rd quarter worth $291,000. Aptus Capital Advisors LLC bought a new stake in shares of Credo Technology Group during the third quarter valued at about $4,294,000. Barclays PLC lifted its holdings in Credo Technology Group by 181.0% in the third quarter. Barclays PLC now owns 1,082,081 shares of the company’s stock worth $157,562,000 after purchasing an additional 696,983 shares during the period. Orion Porfolio Solutions LLC grew its position in Credo Technology Group by 75.9% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 12,587 shares of the company’s stock valued at $1,833,000 after buying an additional 5,430 shares in the last quarter. Finally, GW&K Investment Management LLC acquired a new position in Credo Technology Group during the 3rd quarter valued at about $29,295,000. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $153.16, for a total transaction of $7,658,000.00. Following the sale, the chief executive officer owned 1,892,502 shares in the company, valued at approximately $289,855,606.32. The trade was a 2.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $153.19, for a total transaction of $56,680,300.00. Following the completion of the transaction, the chief operating officer owned 400,000 shares of the company’s stock, valued at approximately $61,276,000. The trade was a 48.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 916,101 shares of company stock valued at $136,220,453. 11.84% of the stock is owned by corporate insiders.

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $109.83 on Friday. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 61.02 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. The firm’s 50 day moving average price is $129.70 and its two-hundred day moving average price is $142.89.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million during the quarter, compared to analyst estimates of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The company’s revenue was up 201.5% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS. As a group, equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Craig Hallum reiterated a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday. The Goldman Sachs Group set a $165.00 target price on Credo Technology Group and gave the stock a “buy” rating in a research report on Thursday, February 19th. Mizuho lowered their price target on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday. Rosenblatt Securities dropped their price objective on Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barclays reaffirmed an “overweight” rating and set a $260.00 target price on shares of Credo Technology Group in a research note on Thursday, January 15th. Two 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 data from MarketBeat.com, the company presently 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: Big Q3 beat — Credo reported a blowout quarter with revenue up ~201% year-over-year, a solid EPS beat and strong margins, giving a fundamental growth story that supports higher valuations. Earnings/Reaction
• Positive Sentiment: M&A and partnerships broaden AI/data-center exposure — the CoMira acquisition and a TensorWave tie-up expand Credo’s connectivity IP and go-to-market for advanced AI racks, strengthening the company’s growth runway. CoMira Deal
• Positive Sentiment: Industry tailwinds and vendor positioning — Broadcom’s public tilt toward copper-based connectivity helped lift Credo, since its products align with that trend. Broadcom Signal
• Positive Sentiment: Analyst support and rising estimates — JPMorgan maintained an Overweight view and several outlets note upward revisions to earnings estimates and sizable average price-target upside, which can underpin medium-term upside. JPMorgan Note
• Neutral Sentiment: Short-interest reporting looks unreliable — recent short-interest posts show zero shares/NaN changes and a 0.0 days-to-cover metric, which likely reflects a data/reporting issue rather than meaningful short activity. (Internal short-interest entries)
• Negative Sentiment: Analyst downgrades and lowered expectations — multiple firms (including Rosenblatt, Susquehanna, Mizuho and others) have trimmed forecasts or expressed caution; those moves triggered a sharp gap down and a prior one-day ~15% sell-off. Downgrade/Share Drop
• Negative Sentiment: Post-earnings volatility and risk callouts — several pieces highlight that while results were strong, valuation sensitivity and execution risks could keep the stock choppy in the near term. Volatility Discussion

About Credo Technology Group

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.