Jackson Square Capital LLC Invests $3.30 Million in Credo Technology Group Holding Ltd. $CRDO

Key Points

• Jackson Square Capital bought a new stake in Credo, acquiring 22,914 shares valued at about $3.30 million, and institutional investors now own roughly 80.46% of the stock.
• Credo beat quarterly estimates with $1.07 EPS versus $0.78 expected and revenue of $407.01M (up 201.5% YoY), fueling analyst optimism and a consensus price target near $206.33.
• Despite strong analyst support, insiders sold 391,119 shares (~$46.5M) over the last three months and customer concentration risks and clustered insider sales could pressure near‑term sentiment.

Jackson Square Capital LLC bought a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 22,914 shares of the company's stock, valued at approximately $3,297,000.

Several other hedge funds have also modified their holdings of CRDO. Atlantic Union Bankshares Corp purchased a new stake in shares of Credo Technology Group during the 3rd quarter worth about $25,000. Crewe Advisors LLC lifted its stake in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company's stock valued at $25,000 after buying an additional 106 shares in the last quarter. First Horizon Corp purchased a new position in Credo Technology Group in the 3rd quarter valued at about $26,000. Flagship Harbor Advisors LLC purchased a new position in Credo Technology Group in the 4th quarter valued at about $32,000. Finally, Smartleaf Asset Management LLC lifted its stake in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company's stock valued at $38,000 after buying an additional 147 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Trading Up 3.2%

CRDO stock opened at $110.21 on Thursday. The firm has a 50-day moving average of $111.85 and a two-hundred day moving average of $137.56. Credo Technology Group Holding Ltd. has a 12 month low of $33.04 and a 12 month high of $213.80. The company has a market cap of $20.33 billion, a price-to-earnings ratio of 61.23 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 for the quarter, topping analysts' consensus estimates of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same period last year, the company posted $0.25 EPS. The business's revenue was up 201.5% on a year-over-year basis. As a group, equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Hyperscaler expansion and continued AEC (short‑reach copper) adoption are driving strong AEC revenue growth and support higher near‑term demand from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Positive Sentiment: Major analyst support: >90% of analysts rate CRDO a Buy and the consensus price target (~$200) implies substantial upside versus current levels — that buy‑side coverage is supporting investor demand. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang cleared — Credo settled disputes with TE Connectivity and Molex via confidential license/settlement agreements, and related lawsuits will be dismissed, removing litigation uncertainty that had weighed on valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Neutral Sentiment: Comparative coverage and watchlist mentions (MarketBeat/Bridget’s Buys) highlight CRDO as a volatile, high‑growth data‑center name — useful for context but less likely to move price intra‑day. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Insider selling: multiple Form 4 filings (including the CTO) show clustered sales in early April under 10b5‑1 plans — large dollar amounts though small percentage ownership reductions; this cluster can weigh on near‑term sentiment. CTO Insider Sales
• Negative Sentiment: Customer concentration risk: while hyperscaler deals lift revenue, heavy reliance on a small number of large customers raises execution and pricing risk if spending patterns shift. Credo Technology Expands Hyperscaler Reach: Concern or Strength?

Insider Buying and Selling

In other Credo Technology Group news, CTO Chi Fung Cheng sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $136.33, for a total value of $4,089,900.00. Following the transaction, the chief technology officer directly owned 6,327,370 shares of the company's stock, valued at $862,610,352.10. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 1,782,502 shares in the company, valued at $209,764,835.36. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 391,119 shares of company stock worth $46,493,731 over the last three months. Corporate insiders own 11.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRDO shares. Zacks Research raised shares of Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 3rd. Susquehanna decreased their price target on shares of Credo Technology Group from $230.00 to $170.00 and set a "positive" rating on the stock in a research note on Tuesday, March 3rd. Barclays reaffirmed an "overweight" rating and issued a $260.00 price target on shares of Credo Technology Group in a research note on Thursday, January 15th. Roth Mkm decreased their price target on shares of Credo Technology Group from $250.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $206.33.

About Credo Technology Group

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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