JPMorgan Chase Discloses 5.1% Passive Stake in Credo Technology

TL;DR

**JPMorgan just revealed a 5.1% stake in Credo Tech, a bullish signal for the stock.**

AI Summary

JPMorgan Chase & Co. reported a significant passive ownership stake in Credo Technology Group Holding Ltd, a semiconductor company, as of December 29, 2023. This SC 13G filing indicates JPMorgan now beneficially owns 5.1% of Credo's ordinary shares, totaling 7,994,790 shares. This matters to investors because a major financial institution like JPMorgan taking a substantial position can signal confidence in Credo's future prospects, potentially attracting more investor interest and influencing stock price.

Why It Matters

JPMorgan's new 5.1% stake in Credo Technology Group Holding Ltd signals a major institutional investor's confidence, which could positively influence market perception and the stock's valuation.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by signaling confidence rather than creating immediate volatility.

Analyst Insight

A smart investor would view JPMorgan's 5.1% passive stake as a positive signal, potentially indicating institutional confidence in Credo Technology Group Holding Ltd, and might consider further research into the company's fundamentals.

Key Numbers

• 7,994,790 — Ordinary Shares Beneficially Owned (Represents the total number of shares of Credo Technology Group Holding Ltd that JPMorgan Chase & Co. now owns.)
• 5.1% — Percentage of Class (Indicates the proportion of Credo Technology Group Holding Ltd's ordinary shares that JPMorgan Chase & Co. controls, making them a significant shareholder.)
• December 29, 2023 — Date of Event (The specific date when JPMorgan Chase & Co.'s ownership crossed the threshold requiring this SC 13G filing.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G, reporting beneficial ownership
• Credo Technology Group Holding Ltd (company) — the subject company in which shares are being reported
• 7,994,790 (dollar_amount) — the number of ordinary shares beneficially owned by JPMorgan
• 5.1% (dollar_amount) — the percentage of Credo Technology Group Holding Ltd's ordinary shares owned by JPMorgan
• December 29, 2023 (person) — the date of the event requiring the SC 13G filing

Forward-Looking Statements

• Credo Technology Group Holding Ltd's stock price may see increased investor interest due to JPMorgan's disclosed stake. (Credo Technology Group Holding Ltd) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.00005 — of Issuer) Ordinary shares, par value $0.00005 per share (Title of Class of Securiti

Filing Documents

• Credo_Technology_Group_Hol.htm (SC 13G) — 86KB
• 0000019617-24-000030.txt ( ) — 88KB

From the Filing

SC 13G 1 Credo_Technology_Group_Hol.htm FILING CREDO TECHNOLOGY GROUP HOLDING LTD Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Credo Technology Group Holding Ltd (Name of Issuer) Ordinary shares, par value $0.00005 per share (Title of Class of Securities) G25457105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G25457105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 6,307,678 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 10,893,464 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,895,664 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.7 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer Credo Technology Group Holding Ltd (b) Address of Issuer's Principal Executive Offices c/o Maples Corporate Services, Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Ordinary shares, par value $0.00005 per share (e) CUSIP Number G25457105 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 10,895,664 (b) Percent of class: 6.7 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 6,307,678 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 10,893,464 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delawa

View Full Filing

View this SC 13G filing on SEC EDGAR