Rakuten Investment Management Inc. Buys 39,734 Shares of Credo Technology Group Holding Ltd. $CRDO

Posted by Stanley Muller on Nov 6th, 2026

Rakuten Investment Management Inc. bought a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 39,734 shares of the company’s stock, valued at approximately $7,643,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Credo Technology Group by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 240,886 shares of the company’s stock valued at $22,612,000 after purchasing an additional 5,113 shares in the last quarter. Corsair Capital Management L.P. acquired a new position in Credo Technology Group during the 1st quarter worth approximately $469,000. Lazard Asset Management LLC increased its position in Credo Technology Group by 55.6% during the 1st quarter. Lazard Asset Management LLC now owns 67,051 shares of the company’s stock worth $6,294,000 after purchasing an additional 23,949 shares during the period. Quantinno Capital Management LP raised its stake in shares of Credo Technology Group by 68.4% during the 1st quarter. Quantinno Capital Management LP now owns 34,124 shares of the company’s stock worth $3,203,000 after buying an additional 13,859 shares in the last quarter. Finally, Estuary Capital Management LP raised its stake in shares of Credo Technology Group by 87.4% during the 1st quarter. Estuary Capital Management LP now owns 412,227 shares of the company’s stock worth $38,696,000 after buying an additional 192,218 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRDO shares. Barclays raised their price target on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $235.00 price objective on shares of Credo Technology Group in a report on Thursday, October 15th. Susquehanna upped their price objective on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Wall Street Zen cut Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Bank of America reduced their target price on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $262.67.

Get Our Latest Report on Credo Technology Group

Credo Technology Group Trading Down 17.7%

Shares of CRDO opened at $112.33 on Friday. The firm’s 50-day moving average is $181.07 and its two-hundred day moving average is $180.45. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The firm has a market capitalization of $21.11 billion, a P/E ratio of 39.98, 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. During the same period last year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 114.7% on a year-over-year basis. Analysts predict that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Insiders Place Their Bets

In related news, CEO William Brennan sold 16,666 shares of Credo Technology Group stock in a transaction on Monday, October 19th. The stock was sold at an average price of $174.87, for a total transaction of $2,914,383.42. Following the completion of the transaction, the chief executive officer directly owned 1,584,164 shares of the company’s stock, valued at approximately $277,022,758.68. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 7,580 shares of the business’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $212.91, for a total value of $1,613,857.80. Following the sale, the chief financial officer owned 492,208 shares in the company, valued at approximately $104,796,005.28. The trade was a 1.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 352,538 shares of company stock worth $67,200,077. 9.06% of the stock is owned by insiders.

Credo Technology Group News Summary

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

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.