Spyglass Capital Management LLC Has $109.19 Million Stock Position in Credo Technology Group Holding Ltd. $CRDO

Posted by Francis Steltz on Sep 1st, 2026

Spyglass Capital Management LLC decreased its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 32.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 401,503 shares of the company’s stock after selling 190,487 shares during the period. Credo Technology Group makes up about 5.9% of Spyglass Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Spyglass Capital Management LLC owned approximately 0.22% of Credo Technology Group worth $109,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. City Center Advisors LLC lifted its stake in shares of Credo Technology Group by 2.1% in the 2nd quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock valued at $706,000 after acquiring an additional 53 shares during the last quarter. Versant Capital Management Inc grew its position in Credo Technology Group by 8.0% during the 2nd quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock worth $205,000 after acquiring an additional 56 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Credo Technology Group by 16.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after purchasing an additional 77 shares during the period. QRG Capital Management Inc. increased its stake in Credo Technology Group by 1.7% in the 1st quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock worth $507,000 after purchasing an additional 91 shares during the period. Finally, Bank of Nova Scotia lifted its position in Credo Technology Group by 1.6% in the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CFO Daniel W. Fleming sold 40,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total value of $9,979,200.00. Following the sale, the chief financial officer owned 501,873 shares in the company, valued at approximately $125,207,276.04. This represents a 7.38% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Yat Tung Lam sold 55,441 shares of Credo Technology Group stock in a transaction that occurred on 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 transaction, the chief operating officer owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. The trade was 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 90 days, insiders sold 435,076 shares of company stock valued at $101,043,506. Insiders own 9.06% of the company’s stock.

Credo Technology Group Trading Down 2.8%

CRDO opened at $226.19 on Tuesday. The company has a market cap of $42.51 billion, a price-to-earnings ratio of 91.21, a price-to-earnings-growth ratio of 1.06 and a beta of 3.23. The stock has a fifty day simple moving average of $237.11 and a two-hundred day simple moving average of $187.97. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The firm had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s quarterly revenue was up 157.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.20 EPS. On average, analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Analysts Set New Price Targets

CRDO has been the subject of several analyst reports. TD Cowen increased their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Needham & Company LLC increased their target price on shares of Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, June 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $250.00 target price on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Finally, Bank of America upped their price target on Credo Technology Group from $252.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $268.39.

Check Out Our Latest Stock Report on Credo Technology Group

Credo Technology Group Company 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.