Credo Technology Group Holding Ltd. $CRDO Shares Bought by Strs Ohio

Strs Ohio grew its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 16.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,000 shares of the company’s stock after acquiring an additional 4,700 shares during the period. Strs Ohio’s holdings in Credo Technology Group were worth $3,098,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Credo Technology Group by 9.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock valued at $39,004,000 after buying an additional 23,332 shares during the period. M&T Bank Corp grew its position in Credo Technology Group by 428.8% in the fourth quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock valued at $1,932,000 after acquiring an additional 10,888 shares in the last quarter. FengHe Fund Management Pte. Ltd. raised its stake in shares of Credo Technology Group by 5.7% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock valued at $23,349,000 after purchasing an additional 8,769 shares during the period. Second Line Capital LLC acquired a new position in shares of Credo Technology Group during the third quarter worth $4,283,000. Finally, Nordea Investment Management AB purchased a new position in shares of Credo Technology Group in the fourth quarter valued at $2,084,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Stock Down 10.3%

Shares of Credo Technology Group stock traded down $27.27 on Tuesday, hitting $238.28. 1,254,375 shares of the company’s stock traded hands, compared to its average volume of 7,812,566. Credo Technology Group Holding Ltd. has a 52-week low of $86.49 and a 52-week high of $308.67. The stock has a market cap of $44.43 billion, a P/E ratio of 96.39, a PEG ratio of 1.11 and a beta of 3.20. The firm’s 50-day moving average is $222.52 and its 200 day moving average is $161.46.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business’s revenue was up 157.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Equities research analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Analysts and market commentary highlighted Credo’s retimer business as hitting an inflection point, with growing demand for 100G and 200G per lane solutions tied to AI networking needs and new design wins. CRDO’s Retimer Business Hits Its Stride: Further Gains Ahead?
• Positive Sentiment: Credo was also included in a bullish AI hardware theme, with coverage suggesting investors can look beyond Nvidia to names benefiting from broader chip-supply-chain demand. Forget NVIDIA: Buy These 4 AI Hardware Stocks for Bigger Gains
• Positive Sentiment: Separate commentary noted Credo as one of the standout gainers in semiconductor stocks, indicating momentum in the broader chip sector is helping sentiment. Credo Leads Rebound For Semiconductor Stocks
• Positive Sentiment: Another article argued Credo remains attractive due to its strong AI-stock positioning and backing from large institutional holders such as BlackRock, while noting a higher price target from Bank of America. What Makes Credo Technology Group (CRDO) Appear So Attractive
• Neutral Sentiment: Recent comparison pieces versus Marvell Technology and a Zacks featured-highlights article add visibility, but they are more commentary than direct catalysts. Credo Technology Group vs. Marvell Technology: Which Technology Stock Is a Better Buy in 2026? Zacks.com featured highlights include Micron Technology, Credo Technology and TD SYNNEX

Insiders Place Their Bets

In other news, CFO Daniel W. Fleming sold 40,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total value of $9,979,200.00. Following the sale, the chief financial officer owned 501,873 shares in the company, valued at approximately $125,207,276.04. This represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO William Joseph Brennan sold 54,984 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the completion of the sale, the chief executive officer owned 367,327 shares in the company, valued at approximately $80,286,662.39. This trade represents a 13.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 363,372 shares of company stock valued at $76,926,125 in the last ninety days. Corporate insiders own 11.84% of the company’s stock.

Analyst Upgrades and Downgrades

CRDO has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, June 1st. Mizuho upped their price objective on shares of Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group upped their price objective on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Bank of America raised their target price on Credo Technology Group from $252.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Rosenblatt Securities lifted their target price on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $263.11.

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.