BNP Paribas Increases Stake in Credo Technology Group

Investment firm boosts position in semiconductor company by nearly 96%

Mar. 12, 2026 at 8:24am

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BNP Paribas Financial Markets has increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 95.6% in the 3rd quarter, according to a recent 13F filing. The firm now owns 1,166,630 shares of the semiconductor company's stock, worth $169.9 million at the end of the reporting period.

Why it matters

Credo Technology Group is a fabless semiconductor company that develops high-speed connectivity solutions for cloud, enterprise, and telecommunications infrastructure. BNP Paribas' increased investment signals confidence in the company's technology and growth potential within the semiconductor industry.

The details

BNP Paribas acquired an additional 570,302 shares of Credo Technology Group during the 3rd quarter, bringing its total position to 1,166,630 shares. Other major investors have also increased their stakes in the company, including the California Public Employees Retirement System and the New York State Common Retirement Fund.

  • BNP Paribas increased its stake in Credo Technology Group during the 3rd quarter of 2026.
  • Credo Technology Group shares opened at $115.91 on Thursday, March 12, 2026.

The players

BNP Paribas Financial Markets

A division of the French multinational bank and financial services company BNP Paribas, which manages the firm's financial markets activities.

Credo Technology Group Holding Ltd.

A fabless semiconductor company that develops high-speed connectivity solutions for cloud, enterprise, and telecommunications infrastructure.

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The takeaway

BNP Paribas' increased stake in Credo Technology Group highlights the investment firm's confidence in the semiconductor company's technology and growth potential within the high-speed connectivity market. This move aligns with broader trends of institutional investors allocating more capital to the semiconductor industry as demand for advanced connectivity solutions continues to rise.