Credo Technology Group Holding Ltd. $CRDO Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank trimmed its stake in Credo Technology Group (CRDO) by 19% in Q4 to 37,486 shares (worth $5.39M), while insiders sold 428,999 shares (~$52.95M) over the last quarter (including the CEO and CTO), leaving insiders with about 11.84% ownership.
• Credo reported a strong quarter (EPS $1.07 vs. $0.78 expected; revenue $407M vs. $386M), showed steep YoY revenue growth and healthy margins/FCF, and unveiled optics-related moves (DustPhotonics deal, OmniConnect/224G IP), prompting bullish analyst commentary and a consensus price target near $207.81.

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,486 shares of the company's stock after selling 8,799 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Credo Technology Group were worth $5,394,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CRDO. Atlantic Union Bankshares Corp acquired a new position in shares of Credo Technology Group in the third quarter worth $25,000. Crewe Advisors LLC raised its holdings in shares of Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company's stock worth $25,000 after acquiring an additional 106 shares during the last quarter. First Horizon Corp acquired a new position in shares of Credo Technology Group in the third quarter worth $26,000. Flagship Harbor Advisors LLC acquired a new position in shares of Credo Technology Group in the fourth quarter worth $32,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of Credo Technology Group in the fourth quarter worth $36,000. 80.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRDO. Barclays reissued an "overweight" rating and issued a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Roth Mkm cut their price target on Credo Technology Group from $250.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Mizuho cut their price target on Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Credo Technology Group in a report on Friday, March 27th. Finally, The Goldman Sachs Group upped their target price on Credo Technology Group from $150.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $207.81.

Credo Technology Group Trading Up 5.1%

Credo Technology Group stock opened at $195.04 on Friday. The firm has a market capitalization of $35.98 billion, a P/E ratio of 108.36 and a beta of 2.72. The stock has a fifty day moving average price of $122.15 and a 200 day moving average price of $138.66. Credo Technology Group Holding Ltd. has a 52 week low of $40.17 and a 52 week high of $213.80.

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

Key Credo Technology Group News

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

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 1,782,502 shares in the company, valued at $209,764,835.36. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $802,414,441.90. This represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 428,999 shares of company stock valued at $52,946,445 over the last quarter. Insiders own 11.84% of the company's stock.

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.

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