Calamos Advisors LLC Lowers Stock Position in Credo Technology Group Holding Ltd. $CRDO

Key Points

• Calamos Advisors LLC cut its stake in Credo by 39.5% during Q4, selling 20,168 shares and retaining 30,832 shares valued at about $4.44 million.
• Credo reported strong Q3 FY2026 results—$407M revenue, $1.07 EPS (beat), ~68.6% gross margin and ~$140M FCF—and is expanding into optics with the proposed DustPhotonics deal and its OmniConnect platform, prompting bullish analyst commentary.
• Significant insider selling has occurred recently: CEO William Brennan sold 50,000 shares (~$5.9M) and CTO Chi Fung Cheng sold 27,500 shares (~$3.5M), with insiders offloading ~428,999 shares worth ~$52.95M in the last three months.

Calamos Advisors LLC cut its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 39.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,832 shares of the company's stock after selling 20,168 shares during the quarter. Calamos Advisors LLC's holdings in Credo Technology Group were worth $4,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Crewe Advisors LLC grew its position in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company's stock worth $25,000 after buying an additional 106 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Credo Technology Group during the 3rd quarter valued at approximately $25,000. First Horizon Corp purchased a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $26,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Credo Technology Group during the 4th quarter worth approximately $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Credo Technology Group in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 80.46% of the company's stock.

Credo Technology Group News Summary

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

• Positive Sentiment: Strong recent results and margin/FCF beat reinforce a premium growth narrative (Q3 FY2026 sales ~$407M, ~68.6% gross margin, ~$140M FCF) and underpin bullish analyst commentary. Credo: Optical Expansion Unlocks Next Leg Higher
• Positive Sentiment: Credo advanced a proposed acquisition of silicon-photonics specialist DustPhotonics and unveiled its OmniConnect “Weaver” solution plus 224G PAM4 SerDes IP — moves that expand the company into optics and vertical integration for AI data-center connectivity. Credo (CRDO) Is Up 12.6% After DustPhotonics Deal And New AI Connectivity Platform Push
• Positive Sentiment: Product and partnership visibility at TSMC’s 2026 Technology Symposium (Santa Clara) highlights Credo’s go-to-market for next‑gen AI infrastructure, supporting demand hopes from hyperscalers. Credo to Highlight Next-Generation Connectivity Solutions for AI Infrastructure at TSMC 2026 Technology Symposium
• Positive Sentiment: Broader semiconductor/AI tailwinds are lifting names like Credo, and industry commentary (Zacks) includes CRDO among beneficiaries of rising AI/ML and data‑center spending. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Neutral Sentiment: Market commentary (MarketBeat) highlights CRDO as a strong chip-stock performer in the current market rally, reinforcing investor interest but not adding new fundamentals. Credo Technology Group (CRDO) MarketBeat Page
• Neutral Sentiment: Broad TV/market mentions (e.g., Jim Cramer coverage rounds) increase awareness but are not CRDO‑specific catalysts. Cramer Names 'The Stocks That Got Away'
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares (~$5.17M) on April 22 under a pre-arranged Rule 10b5-1 plan (represents a small ~0.45% reduction). While the sale is likely scheduled, some investors view insider sales as a short‑term negative signal. SEC Form 4 - Chi Fung Cheng
• Negative Sentiment: Contrarian/valuation concerns persist in some analyst pieces that warn CRDO’s run-up and premium multiples leave execution and integration risk if optics roll‑out or DustPhotonics integration falter. The Contrarian View On Credo Technology

Credo Technology Group Stock Performance

Credo Technology Group stock opened at $195.04 on Monday. The stock has a 50-day moving average price of $122.15 and a 200 day moving average price of $138.60. Credo Technology Group Holding Ltd. has a 52 week low of $40.17 and a 52 week high of $213.80. The stock has a market cap of $35.98 billion, a PE ratio of 108.36 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm's quarterly revenue was up 201.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities analysts predict that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the transaction, the chief executive officer owned 1,782,502 shares of the company's stock, valued at $209,764,835.36. This represents a 2.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $127.37, for a total value of $3,502,675.00. Following the sale, the chief technology officer owned 6,299,870 shares in the company, valued at $802,414,441.90. This trade represents a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 428,999 shares of company stock worth $52,946,445 in the last three months. Insiders own 11.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRDO shares. Weiss Ratings lowered Credo Technology Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a research note on Tuesday, March 3rd. Zacks Research lowered shares of Credo Technology Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Mizuho lowered their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group started coverage on shares of Credo Technology Group in a report on Monday, April 13th. They set a "buy" rating and a $175.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Credo Technology Group has an average rating of "Moderate Buy" and a consensus price target of $207.81.

Credo Technology Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.