Mariner Investment Group LLC purchased a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) in the fourth quarter, HoldingsChannel reports. The firm purchased 2,000 shares of the company’s stock, valued at approximately $288,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in shares of Credo Technology Group by 79.7% in the 4th quarter. Pacer Advisors Inc. now owns 17,151 shares of the company’s stock worth $2,468,000 after buying an additional 7,605 shares in the last quarter. Corient Private Wealth LLC raised its position in Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after acquiring an additional 3,597,318 shares during the last quarter. Alberta Investment Management Corp acquired a new position in Credo Technology Group during the fourth quarter worth about $4,000,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Credo Technology Group by 28.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,010 shares of the company’s stock valued at $1,236,000 after purchasing an additional 2,001 shares in the last quarter. Finally, Braeburn Wealth Management LLC acquired a new stake in shares of Credo Technology Group in the fourth quarter valued at approximately $702,000. Institutional investors and hedge funds own 80.46% of the company’s stock.
Key Stories Impacting Credo Technology Group
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Analysts and market commentary are highlighting Credo as an AI connectivity winner, arguing that its role in data center infrastructure could support further upside as AI spending continues. Credo Technologies accelerates AI — its stock price will follow
- Positive Sentiment: Credo also earned 2026 USA TODAY Top Workplaces honors for the second year in a row, a modest but supportive sign of a strong company culture that can help retain talent and sustain innovation. Credo Earns 2026 National and Regional Top Workplace Honors
- Neutral Sentiment: CTO Chi Fung Cheng sold 27,500 shares in a pre-arranged 10b5-1 plan. While insider sales can attract attention, the sale was small relative to his remaining holdings and does not necessarily signal deteriorating fundamentals.
- Negative Sentiment: Some commentary warns the stock may be getting overheated after its strong run, with bearish articles arguing investors should be cautious if expectations have moved too far ahead of fundamentals.
Credo Technology Group Price Performance
Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business had revenue of $437.00 million for the quarter, compared to the consensus estimate of $431.80 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 157.0% compared to the same quarter last year. On average, analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.
Insider Buying and Selling at Credo Technology Group
In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the transaction, the chief technology officer owned 6,134,870 shares of the company’s stock, valued at $725,448,377.50. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 40,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was 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 $125,207,276.04. This trade represents a 7.38% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 416,884 shares of company stock worth $72,809,943. Insiders own 11.84% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on CRDO shares. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Susquehanna upped their target price on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Tuesday, June 2nd. Mizuho increased their target price on Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Rosenblatt Securities raised their price target 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. Finally, Needham & Company LLC boosted their price target on Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, June 1st. One equities research analyst has 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 MarketBeat.com, Credo Technology Group currently has a consensus rating of “Moderate Buy” and an average target price of $248.41.
View Our Latest Research Report on CRDO
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.
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