Universal Beteiligungs und Servicegesellschaft mbH Has $16.58 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 115,079 shares of the company's stock after selling 13,594 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Credo Technology Group worth $16,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Credo Technology Group by 9.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company's stock worth $39,004,000 after purchasing an additional 23,332 shares during the period. Optimize Financial Inc acquired a new position in Credo Technology Group in the 3rd quarter worth approximately $1,431,000. Estate Counselors LLC acquired a new stake in shares of Credo Technology Group during the 3rd quarter valued at $2,548,000. Global Trust Asset Management LLC acquired a new stake in shares of Credo Technology Group during the 3rd quarter valued at $2,167,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Credo Technology Group by 106.5% during the 3rd quarter. New York State Common Retirement Fund now owns 146,134 shares of the company's stock valued at $21,279,000 after buying an additional 75,369 shares during the period. Institutional investors and hedge funds own 80.46% of the company's stock.

Analyst Ratings Changes

CRDO has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and set a $220.00 target price on shares of Credo Technology Group in a research note on Wednesday, April 15th. Craig Hallum reissued a "buy" rating and set a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Susquehanna decreased their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a "positive" rating for the company in a research note on Tuesday, March 3rd. Barclays reissued an "overweight" rating and set a $260.00 target price on shares of Credo Technology Group in a research note on Thursday, January 15th. Finally, Jefferies Financial Group initiated coverage on shares of Credo Technology Group in a research note on Monday, April 13th. They set a "buy" rating and a $175.00 target price for the company. One investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.81.

Insiders Place Their Bets

In related news, insider James Laufman sold 10,000 shares of Credo Technology Group stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $164.41, for a total value of $1,644,100.00. Following the completion of the sale, the insider owned 198,609 shares of the company's stock, valued at approximately $32,653,305.69. The trade was a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $188.02, for a total transaction of $5,170,550.00. Following the completion of the sale, the chief technology officer directly owned 6,079,870 shares of the company's stock, valued at approximately $1,143,137,157.40. The trade was a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 428,999 shares of company stock worth $52,946,445 in the last 90 days. 11.84% of the stock is owned by corporate insiders.

Credo Technology Group Trading Up 5.1%

CRDO stock opened at $195.04 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $40.17 and a 1 year high of $213.80. The company has a fifty day simple moving average of $122.15 and a 200 day simple moving average of $138.66. The firm 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 quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $385.94 million. During the same quarter in the previous year, the business earned $0.25 EPS. Credo Technology Group's quarterly revenue was up 201.5% compared to the same quarter last year. As a group, analysts forecast that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current fiscal year.

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 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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