WINTON GROUP Ltd Trims Stock Position in Credo Technology Group Holding Ltd. $CRDO

WINTON GROUP Ltd lessened its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 59.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,953 shares of the company’s stock after selling 37,049 shares during the quarter. WINTON GROUP Ltd’s holdings in Credo Technology Group were worth $6,786,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in Credo Technology Group by 68.5% in the second quarter. Integrated Wealth Concepts LLC now owns 15,962 shares of the company’s stock valued at $4,341,000 after acquiring an additional 6,489 shares during the period. NewEdge Advisors LLC grew its stake in shares of Credo Technology Group by 56.0% during the 2nd quarter. NewEdge Advisors LLC now owns 9,176 shares of the company’s stock worth $2,495,000 after purchasing an additional 3,293 shares during the period. GFG Capital LLC purchased a new position in shares of Credo Technology Group during the 2nd quarter valued at approximately $214,000. Baird Financial Group Inc. purchased a new position in shares of Credo Technology Group during the 2nd quarter valued at approximately $781,000. Finally, Sterling Investment Advisors Ltd. purchased a new position in shares of Credo Technology Group during the 2nd quarter valued at approximately $381,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Transactions at Credo Technology Group

In related news, CTO Chi Cheng sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $243.06, for a total transaction of $6,684,150.00. Following the completion of the sale, the chief technology officer directly owned 5,882,370 shares of the company’s stock, valued at approximately $1,429,768,852.20. This trade represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 55,441 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the completion of the sale, the chief operating officer owned 2,529,169 shares in the company, valued at approximately $538,763,580.38. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 313,074 shares of company stock worth $71,827,816. 9.06% of the stock is currently owned by company insiders.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO opened at $167.92 on Thursday. The company has a market capitalization of $31.56 billion, a P/E ratio of 59.76, a P/E/G ratio of 0.67 and a beta of 3.22. The company has a 50 day simple moving average of $224.88 and a 200-day simple moving average of $190.34. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The firm’s quarterly revenue was up 114.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, research analysts expect that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Analysts remain bullish after the selloff. Coverage argues that Credo’s recent decline may be disconnected from its fundamentals, with some analysts maintaining price targets above $300 and describing the shares as a potential buying opportunity. The Credo Selloff Could Be a Huge Buying Opportunity: Analysts Still See $300+
• Positive Sentiment: AI data-center demand continues to support growth. Credo is benefiting from strong demand for active electrical cables, record Retimer sales and expanding optical products. Management’s outlook calls for approximately 85% year-over-year revenue growth in fiscal 2027, including more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
• Positive Sentiment: Recent results exceeded expectations. Revenue reached $479 million, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The quarter represented another consecutive earnings beat and continued triple-digit growth. Credo Q1 2027 Earnings Call Transcript
• Positive Sentiment: Product expansion could increase Credo’s long-term market opportunity. The DustPhotonics acquisition, ZeroFlap Optics, silicon photonics, optical DSPs and PILOT telemetry broaden the company’s data-center connectivity offerings and could support future margin expansion. Credo Market Is Mispricing a $1 Trillion AI Infrastructure Catalyst
• Neutral Sentiment: Investors are weighing exceptional growth against execution risk. Analysts generally favor buying the pullback rather than chasing the stock, citing acquisition integration, valuation and the need for sustained AI-related demand. Credo: Buy the AI Connectivity Pullback, But Do Not Chase Blindly
• Negative Sentiment: Margin and cash-flow concerns are weighing on sentiment. The market appears to be interpreting GAAP margin compression and working-capital expansion as potential signs of near-term pressure, even though management and bullish analysts expect longer-term non-GAAP margin improvement. Credo’s high earnings multiple also leaves less room for disappointing guidance.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRDO. Wall Street Zen downgraded shares of Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Bank of America lowered their target price on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Susquehanna raised their target price on Credo Technology Group from $235.00 to $250.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price target on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. Finally, Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Credo Technology Group currently has an average rating of “Moderate Buy” and an average price target of $267.39.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.