Swedbank AB Boosts Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

Posted by Stanley Muller on May 6th, 2026

Swedbank AB grew its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 47.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,062,779 shares of the company’s stock after buying an additional 660,679 shares during the quarter. Swedbank AB’s holdings in Credo Technology Group were worth $296,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CRDO. NewEdge Advisors LLC raised its position in shares of Credo Technology Group by 128.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after buying an additional 3,972 shares during the period. Goldman Sachs Group Inc. grew its position in Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after acquiring an additional 589,151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Credo Technology Group by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after acquiring an additional 7,107 shares during the last quarter. CW Advisors LLC acquired a new stake in Credo Technology Group during the second quarter worth about $288,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Credo Technology Group by 198.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $46,000 after purchasing an additional 333 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $193.57 on Wednesday. The business’s 50-day simple moving average is $127.37 and its 200 day simple moving average is $139.93. The company has a market cap of $35.70 billion, a P/E ratio of 107.54 and a beta of 3.17. Credo Technology Group Holding Ltd. has a one year low of $45.65 and a one year high of $213.80.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.Credo Technology Group’s quarterly revenue was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. Analysts predict that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current year.

Insiders Place Their Bets

In other Credo Technology Group news, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction that occurred on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the sale, the chief executive officer directly owned 222,311 shares in the company, valued at $22,553,450.95. The trade was a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel W. Fleming sold 7,580 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $152.63, for a total value of $1,156,935.40. Following the transaction, the chief financial officer owned 433,678 shares of the company’s stock, valued at approximately $66,192,273.14. This trade represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 386,608 shares of company stock valued at $50,371,351 over the last ninety days. Insiders own 11.84% of the company’s stock.

Analyst Ratings Changes

CRDO has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Credo Technology Group in a report on Wednesday, April 15th. Mizuho reduced their price target on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. Rothschild & Co Redburn started coverage on shares of Credo Technology Group in a research note on Friday. They set a “buy” rating and a $206.00 price objective for the company. Zacks Research lowered shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Susquehanna reduced their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday, March 3rd. One research 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 stock. Based on data from MarketBeat, Credo Technology Group has a consensus rating of “Moderate Buy” and an average target price of $207.71.

View Our Latest Stock Analysis on CRDO

Credo Technology Group Profile

(Free Report)

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.