Corient Private Wealth LLC Buys 25,068 Shares of Credo Technology Group Holding Ltd. $CRDO

Posted by Brenda Bartman on Jun 28th, 2026

Corient Private Wealth LLC lifted its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 1,665.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,573 shares of the company’s stock after acquiring an additional 25,068 shares during the quarter. Corient Private Wealth LLC’s holdings in Credo Technology Group were worth $3,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CRDO. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 valued at $39,004,000 after acquiring an additional 23,332 shares during the period. M&T Bank Corp raised its holdings in shares of Credo Technology Group by 428.8% in the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock valued at $1,932,000 after purchasing an additional 10,888 shares during the period. FengHe Fund Management Pte. Ltd. lifted its stake in Credo Technology Group by 5.7% in the 4th 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 last quarter. TD Asset Management Inc acquired a new stake in Credo Technology Group in the 3rd quarter valued at about $17,454,000. Finally, Second Line Capital LLC bought a new position in Credo Technology Group during the third quarter worth about $4,283,000. Institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the transaction, the chief technology officer directly owned 6,134,870 shares of the company’s stock, valued at approximately $725,448,377.50. This trade represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 40,000 shares of Credo Technology Group stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the completion of the sale, the chief financial officer owned 501,873 shares of the company’s stock, valued at $125,207,276.04. This trade represents a 7.38% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 416,884 shares of company stock valued at $77,492,368 in the last ninety days. 11.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRDO. Rosenblatt Securities upped their price objective on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus lifted their target price on Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. JPMorgan Chase & Co. boosted their target price on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Roth Mkm raised their price target on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $263.11.

View Our Latest Stock Analysis on Credo Technology Group

Credo Technology Group Stock Down 11.0%

Shares of NASDAQ:CRDO opened at $238.44 on Friday. Credo Technology Group Holding Ltd. has a 12-month low of $84.25 and a 12-month high of $308.67. The stock has a market cap of $44.47 billion, a PE ratio of 96.15, a P/E/G ratio of 1.09 and a beta of 3.22. The business has a 50 day moving average of $213.03 and a 200-day moving average of $157.26.

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

About Credo Technology Group

(Free Report)

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.