26,983 Shares in Credo Technology Group Holding Ltd. $CRDO Acquired by Trilogy Capital Inc.

Trilogy Capital Inc. bought a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,983 shares of the company’s stock, valued at approximately $3,883,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in Credo Technology Group by 17.2% during the second quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock worth $23,848,000 after purchasing an additional 37,772 shares in the last quarter. Optimize Financial Inc acquired a new position in Credo Technology Group in the third quarter worth approximately $1,431,000. Estate Counselors LLC acquired a new position in Credo Technology Group in the third quarter worth approximately $2,548,000. Global Trust Asset Management LLC acquired a new position in Credo Technology Group in the third quarter worth approximately $2,167,000. Finally, New York State Common Retirement Fund grew its position in Credo Technology Group by 106.5% in the third 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 own 80.46% of the company’s stock.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo reported explosive revenue growth (~201% YoY) and recent quarters have beaten estimates, supporting the case that the company is capturing AI/data‑center demand; 24/7 Wall St. models a higher fair value. Credo Technology’s 201.49% Revenue Growth Makes the YTD Dip a Buy Opportunity to $125.16
• Positive Sentiment: Analyst coverage is overwhelmingly bullish (>>90% Buy), with consensus targets well above current levels — this underpins demand and aftermarket support. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang removed: Credo reached confidential settlements with TE Connectivity and Molex and related suits are being dismissed, reducing litigation risk to valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Positive Sentiment: Hyperscaler expansion and accelerating AEC (short‑reach copper) adoption are lifting near‑term revenue from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Neutral Sentiment: Media/watchlist coverage (e.g., MarketBeat/Bridget’s Buys) highlights CRDO as a volatile, high‑growth name — useful context for investors but less likely to move price alone. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Clustered insider selling (CTO sold 27,500 shares on April 6 and multiple recent 10b5‑1 sales) is creating short‑term pressure, even if percentage ownership changes are small. Insider Selling: CTO Sells Shares
• Negative Sentiment: Customer concentration and a high PE leave the stock vulnerable to demand shifts or multiple compression; some coverage questions whether recent gains fully price in the growth story. Is It Too Late To Consider Credo Technology Group Holding (CRDO) After Its Strong Share Price Run

Insider Buying and Selling

In related news, CTO Chi Fung Cheng sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $136.33, for a total value of $4,089,900.00. Following the completion of the transaction, the chief technology officer owned 6,327,370 shares of the company’s stock, valued at approximately $862,610,352.10. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction that occurred 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 $209,764,835.36. This represents a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 391,119 shares of company stock valued at $46,493,731 in the last ninety days. Company insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $107.93 on Friday. The company has a 50 day moving average price of $111.42 and a 200 day moving average price of $137.35. Credo Technology Group Holding Ltd. has a 52 week low of $33.04 and a 52 week high of $213.80. The firm has a market capitalization of $19.91 billion, a price-to-earnings ratio of 59.96 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $385.94 million. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue was up 201.5% on a year-over-year basis. Equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays restated an “overweight” rating and issued a $260.00 price target on shares of Credo Technology Group in a research report on Thursday, January 15th. 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 research report on Thursday, February 19th. Roth Mkm decreased their price target on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $206.33.

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.