ProShare Advisors LLC Acquires 6,935 Shares of Credo Technology Group Holding Ltd. $CRDO

Posted by George Bondi on Nov 6th, 2026

ProShare Advisors LLC boosted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 62.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,065 shares of the company’s stock after purchasing an additional 6,935 shares during the period. ProShare Advisors LLC’s holdings in Credo Technology Group were worth $3,519,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CRDO. GAMMA Investing LLC grew its position in Credo Technology Group by 2.6% during the third quarter. GAMMA Investing LLC now owns 1,986 shares of the company’s stock valued at $387,000 after buying an additional 51 shares during the period. City Center Advisors LLC raised its position in Credo Technology Group by 2.1% in the second quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock worth $706,000 after acquiring an additional 53 shares during the period. Versant Capital Management Inc raised its position in Credo Technology Group by 8.0% in the second 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 period. Prentice Wealth Management LLC boosted its stake in Credo Technology Group by 7.5% in the third quarter. Prentice Wealth Management LLC now owns 1,038 shares of the company’s stock valued at $202,000 after acquiring an additional 72 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Credo Technology Group by 28.1% in the third quarter. TD Waterhouse Canada Inc. now owns 337 shares of the company’s stock valued at $71,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Key Stories Impacting Credo Technology Group

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

Positive Sentiment: Credo and Oracle secured approval for two optical telemetry standards from the Open Compute Project. The standards support data-center reliability and could strengthen Credo’s position in next-generation AI infrastructure. Credo and Oracle Drive AI Optical Innovation
Positive Sentiment: Credo’s latest reported quarter showed revenue growth of 114.7% year over year, with revenue and earnings per share above consensus estimates, providing a strong business backdrop to the sell-off. Credo Revenue More Than Doubled
Negative Sentiment: Investors are concerned that Democratic election victories could lead to limits on data-center development, particularly in Texas, and slow AI infrastructure spending. That could weigh on demand for Credo’s connectivity products; however, the article notes that a slower buildout is not reflected in the company’s guidance or analyst estimates. Credo Sinks as Election Results Stoke AI Fears
Negative Sentiment: The political concerns have contributed to a broader sell-off in chip and AI data-center stocks, adding market-wide pressure to CRDO beyond company-specific news. Chip Stocks Feeling Blue After Democratic Party Victories

Insider Activity at Credo Technology Group

In related news, CEO William Brennan sold 16,672 shares of Credo Technology Group stock in a transaction on Monday, September 14th. The stock was sold at an average price of $151.88, for a total transaction of $2,532,143.36. Following the completion of the sale, the chief executive officer owned 1,600,830 shares of the company’s stock, valued at approximately $243,134,060.40. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $206.30, for a total value of $10,315,000.00. Following the completion of the sale, the chief operating officer directly owned 2,479,169 shares in the company, valued at approximately $511,452,564.70. The trade was a 1.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 352,538 shares of company stock valued at $67,200,077. Corporate insiders own 9.06% of the company’s stock.

Credo Technology Group Price Performance

Shares of CRDO stock opened at $112.33 on Friday. The company’s fifty day simple moving average is $181.07 and its two-hundred day simple moving average is $180.45. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The stock has a market capitalization of $21.11 billion, a price-to-earnings ratio of 46.12, a PEG ratio of 0.54 and a beta of 3.29.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%. The firm had revenue of $479.00 million during the quarter, compared to analyst estimates of $473.30 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 114.7% on a year-over-year basis. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Credo Technology Group from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Mizuho dropped their price objective on Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a research note on Monday, September 21st. Weiss Ratings lowered Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, October 6th. Barclays increased their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Bank of America decreased their target price on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.67.

View Our Latest Research Report on Credo Technology Group

About Credo Technology Group

(Free Report)

Credo Technology Group Holding Ltd. is a fabless semiconductor and connectivity solutions company that develops high-speed data-infrastructure technologies. Its products are designed to help data centers and communications networks move large volumes of information with lower power consumption and improved signal integrity.

The company’s portfolio includes serializer/deserializer (SerDes) intellectual property, application-specific integrated circuits, active electrical cables, optical digital signal processors and related connectivity platforms.