Granahan Investment Management LLC Sells 35,671 Shares of Credo Technology Group Holding Ltd. $CRDO

Posted by Brenda Bartman on Jul 25th, 2026

Granahan Investment Management LLC decreased its position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 38.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,099 shares of the company’s stock after selling 35,671 shares during the quarter. Granahan Investment Management LLC’s holdings in Credo Technology Group were worth $5,266,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Credo Technology Group by 9.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock valued at $39,004,000 after buying an additional 23,332 shares in the last quarter. FengHe Fund Management Pte. Ltd. boosted its position in shares of Credo Technology Group by 5.7% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after acquiring an additional 8,769 shares during the last quarter. M&T Bank Corp boosted its position in shares of Credo Technology Group by 428.8% during the fourth quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after acquiring an additional 10,888 shares during the last quarter. Nordea Investment Management AB purchased a new position in Credo Technology Group during the fourth quarter valued at $2,084,000. Finally, Teacher Retirement System of Texas grew its stake in Credo Technology Group by 486.2% during the fourth quarter. Teacher Retirement System of Texas now owns 239,721 shares of the company’s stock valued at $34,493,000 after acquiring an additional 198,826 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other Credo Technology Group news, CFO Daniel W. Fleming sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the sale, the chief financial officer directly owned 501,873 shares in the company, valued at $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 SEC, which is available at 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, CEO William Joseph Brennan sold 54,984 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $218.57, for a total value of $12,017,852.88. Following the completion of the sale, the chief executive officer directly owned 367,327 shares of the company’s stock, valued at $80,286,662.39. The trade was a 13.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 302,162 shares of company stock worth $70,897,646. Corporate insiders own 11.84% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CRDO. Evercore assumed coverage on shares of Credo Technology Group in a research note on Monday, June 22nd. They issued an “outperform” rating and a $325.00 price target on the stock. Rosenblatt Securities raised their price objective on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Rothschild & Co Redburn started coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 target price on the stock. TD Cowen boosted their target price on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Needham & Company LLC increased their price target on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Credo Technology Group presently has an average rating of “Buy” and an average price target of $266.17.

Check Out Our Latest Stock Report on Credo Technology Group

Credo Technology Group Stock Down 9.9%

CRDO stock opened at $213.15 on Friday. Credo Technology Group Holding Ltd. has a 52 week low of $86.49 and a 52 week high of $308.67. The firm has a market capitalization of $39.75 billion, a P/E ratio of 85.95, a price-to-earnings-growth ratio of 1.08 and a beta of 3.20. The company has a fifty day simple moving average of $235.28 and a two-hundred day simple moving average of $169.88.

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