Credo Technology Group Holding Ltd. $CRDO Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 40.1% during the 1st quarter, Holdings Channel reports. The fund owned 19,576 shares of the company’s stock after acquiring an additional 5,605 shares during the period. Janney Montgomery Scott LLC’s holdings in Credo Technology Group were worth $1,838,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC raised its position in shares of Credo Technology Group by 239,024.5% in the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after buying an additional 3,597,318 shares during the last quarter. Amundi boosted its position in Credo Technology Group by 28,478.2% during the fourth quarter. Amundi now owns 1,559,796 shares of the company’s stock worth $224,439,000 after acquiring an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC boosted its position in Credo Technology Group by 841.9% during the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock worth $228,979,000 after acquiring an additional 1,422,391 shares during the last quarter. Bank of America Corp DE grew its stake in Credo Technology Group by 161.5% in the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after acquiring an additional 1,406,752 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after acquiring an additional 1,218,504 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Recent articles highlight Credo’s strong positioning in AI data-center infrastructure, including active electrical cables and high-speed interconnects, with revenue growth and expanding margins helping fuel bullish investor sentiment. Credo Climbs 165% in a Year: Is the Stock Still Worth Buying?
• Positive Sentiment: Commentary also points to Credo as a major AI infrastructure beneficiary, with its products reportedly embedded in hyperscaler training clusters and fiscal 2026 revenue more than tripling, reinforcing the long-term growth story. Credo Climbs 165% in a Year: Is the Stock Still Worth Buying?
• Neutral Sentiment: Multiple reports noted that CTO Chi Fung Cheng sold shares under a pre-arranged Rule 10b5-1 trading plan, which is usually interpreted as routine selling rather than a direct negative signal, though it can still weigh on sentiment. Credo’s CTO Sold 31,290 Shares. His Remaining $1.6 Billion Stake Tells the Real Story
• Neutral Sentiment: Credo was also mentioned in broader semiconductor market moves, where chip stocks fluctuated with the sector and geopolitical headlines, adding some day-to-day volatility to the stock’s trading. Chip Stocks Join in Broad Selloff

Wall Street Analyst Weigh In

CRDO has been the topic of a number of recent analyst reports. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Rothschild & Co Redburn began coverage on Credo Technology Group in a research report on Friday, May 1st. They issued a “buy” rating and a $206.00 price objective for the company. TD Cowen upped their target price on Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Needham & Company LLC increased their target price on Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Bank of America increased their target price on Credo Technology Group from $252.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $263.11.

Insider Buying and Selling

In related news, CFO Daniel W. Fleming sold 40,000 shares of Credo Technology Group 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 transaction, the chief financial officer owned 501,873 shares in the company, valued at approximately $125,207,276.04. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $259.53, for a total value of $7,137,075.00. Following the sale, the chief technology officer directly owned 5,992,370 shares of the company’s stock, valued at approximately $1,555,199,786.10. This trade represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 ninety days, insiders have sold 367,162 shares of company stock valued at $81,338,911. 11.84% of the stock is currently owned by company insiders.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $265.65 on Friday. The firm has a market capitalization of $49.54 billion, a price-to-earnings ratio of 107.12, a price-to-earnings-growth ratio of 1.18 and a beta of 3.20. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The company has a 50 day moving average price of $227.11 and a 200 day moving average price of $163.91.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. During the same quarter last year, the business earned $0.20 EPS. Credo Technology Group’s revenue for the quarter was up 157.0% on a year-over-year basis. As a group, equities analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

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.