Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 8,720 Credo Technology Group Holding Ltd. $CRDO

Posted by Stanley Muller on May 17th, 2026

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 8,720 shares of the company’s stock, valued at approximately $1,263,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Baader Bank Aktiengesellschaft purchased a new stake in Credo Technology Group during the 4th quarter valued at approximately $4,042,000. Moneco Advisors LLC grew its holdings in Credo Technology Group by 22.7% during the 4th quarter. Moneco Advisors LLC now owns 3,271 shares of the company’s stock valued at $471,000 after buying an additional 606 shares in the last quarter. Independent Advisor Alliance grew its holdings in Credo Technology Group by 17.0% during the 4th quarter. Independent Advisor Alliance now owns 5,864 shares of the company’s stock valued at $844,000 after buying an additional 852 shares in the last quarter. World Investment Advisors grew its holdings in Credo Technology Group by 77.5% during the 4th quarter. World Investment Advisors now owns 2,870 shares of the company’s stock valued at $413,000 after buying an additional 1,253 shares in the last quarter. Finally, Peregrine Investment Management Inc. purchased a new stake in Credo Technology Group during the 4th quarter valued at approximately $6,540,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Friday, May 1st. The stock was sold at an average price of $178.99, for a total transaction of $4,922,225.00. Following the completion of the sale, the chief technology officer directly owned 6,024,870 shares in the company, valued at approximately $1,078,391,481.30. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total value of $623,816.05. Following the sale, the chief executive officer owned 222,311 shares of the company’s stock, valued at approximately $22,553,450.95. This trade represents a 2.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 386,608 shares of company stock valued at $50,371,351 in the last three months. 11.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CRDO shares. Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Zacks Research lowered shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Jefferies Financial Group initiated coverage on shares of Credo Technology Group in a report on Monday, April 13th. They set a “buy” rating and a $175.00 price objective for the company. 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 target price for the company. Finally, Craig Hallum reiterated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus price target of $207.71.

Read Our Latest Stock Report on Credo Technology Group

Credo Technology Group Stock Down 6.7%

Shares of CRDO opened at $172.17 on Friday. The company has a market cap of $31.76 billion, a PE ratio of 95.65 and a beta of 3.17. The business has a fifty day moving average of $139.79 and a 200 day moving average of $142.52. Credo Technology Group Holding Ltd. has a 52-week low of $57.21 and a 52-week high of $213.80.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million during the quarter, compared to the consensus estimate 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 revenue was up 201.5% on a year-over-year basis. During the same period last year, the company earned $0.25 earnings per share. As a group, research analysts anticipate that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current fiscal year.

About Credo Technology Group

(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.