KLP Kapitalforvaltning AS Boosts Stock Position in Credo Technology Group Holding Ltd. $CRDO

Key Points

• KLP Kapitalforvaltning AS increased its stake by 71.5%, buying an additional 24,100 shares to own 57,800 shares of Credo (NASDAQ:CRDO) worth about $8.32 million per its latest SEC filing.
• Credo recently reported a strong quarter—$1.07 EPS vs. $0.78 expected and $407.0M revenue, up ~201.5% YoY—and is pursuing optics expansion (proposed DustPhotonics deal and new OmniConnect platform) that supports bullish analyst sentiment for AI/datacenter connectivity.
• Institutional investors own about 80.46% of the stock (large positions by Vanguard and JPMorgan), but notable insider selling (428,999 shares in the past 90 days) and a premium valuation (market cap ~$35.98B, PE ~108) pose execution and integration risk despite a consensus "Moderate Buy" and $207.81 price target.

KLP Kapitalforvaltning AS boosted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 71.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,800 shares of the company's stock after purchasing an additional 24,100 shares during the period. KLP Kapitalforvaltning AS's holdings in Credo Technology Group were worth $8,317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its position in Credo Technology Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 16,525,380 shares of the company's stock worth $2,406,261,000 after purchasing an additional 150,012 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Credo Technology Group by 18.3% in the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company's stock worth $1,121,118,000 after purchasing an additional 1,190,522 shares during the last quarter. Alliancebernstein L.P. boosted its position in Credo Technology Group by 66.0% in the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company's stock worth $283,778,000 after purchasing an additional 1,218,504 shares during the last quarter. Bank of America Corp DE boosted its position in Credo Technology Group by 161.5% in the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company's stock worth $331,710,000 after purchasing an additional 1,406,752 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Credo Technology Group by 47.8% in the third quarter. Wellington Management Group LLP now owns 1,624,690 shares of the company's stock worth $236,571,000 after purchasing an additional 525,585 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

Credo Technology Group Price Performance

Shares of CRDO opened at $195.04 on Friday. The firm has a market cap of $35.98 billion, a PE ratio of 108.36 and a beta of 2.72. The stock's fifty day moving average price is $122.15 and its two-hundred day moving average price is $138.66. Credo Technology Group Holding Ltd. has a 1 year low of $40.17 and a 1 year high of $213.80.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.29. The firm had revenue of $407.01 million for 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 revenue was up 201.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current fiscal year.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CFO Daniel W. Fleming sold 7,580 shares of the business's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $152.63, for a total value of $1,156,935.40. Following the sale, the chief financial officer directly owned 433,678 shares in the company, valued at $66,192,273.14. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Tung Lam sold 3,180 shares of the business's stock in a transaction on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $322,611.00. Following the completion of the sale, the chief operating officer owned 2,610,329 shares in the company, valued at approximately $264,817,877.05. The trade was a 0.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 428,999 shares of company stock valued at $52,946,445. 11.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRDO shares. Needham & Company LLC reissued a "buy" rating and issued a $220.00 price objective on shares of Credo Technology Group in a research report on Wednesday, April 15th. Rosenblatt Securities boosted their price objective on Credo Technology Group from $125.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 15th. Susquehanna cut their price objective on Credo Technology Group from $230.00 to $170.00 and set a "positive" rating on the stock in a research report on Tuesday, March 3rd. Zacks Research cut Credo Technology Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Credo Technology Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.81.

Credo Technology Group News Roundup

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 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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