Credo Technology Group Holding Ltd. $CRDO Shares Purchased by Castleark Management LLC

Castleark Management LLC boosted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 54,916 shares of the company’s stock after buying an additional 3,140 shares during the quarter. Castleark Management LLC’s holdings in Credo Technology Group were worth $7,902,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its stake in Credo Technology Group by 16.3% in the fourth quarter. Advisors Asset Management Inc. now owns 2,311 shares of the company’s stock valued at $333,000 after purchasing an additional 324 shares during the last quarter. CI Investments Inc. increased its stake in Credo Technology Group by 806.6% in the fourth quarter. CI Investments Inc. now owns 205,164 shares of the company’s stock valued at $29,521,000 after purchasing an additional 182,533 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in Credo Technology Group in the fourth quarter valued at $362,000. Brooklyn Investment Group acquired a new position in Credo Technology Group in the fourth quarter valued at $258,000. Finally, Cibc World Markets Corp acquired a new position in Credo Technology Group in the fourth quarter valued at $2,239,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Key Credo Technology Group News

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

• Positive Sentiment: Credo completed its acquisition of DustPhotonics, expanding its optical connectivity and silicon photonics portfolio for AI and cloud networking demand. The deal supports higher-speed products and could help drive growth as optical revenue ramps in coming fiscal years. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
• Positive Sentiment: Several articles highlighted Credo as a top-ranked or bullish AI-related stock, citing strong growth prospects, rising estimates, and favorable technical momentum. 3 Top Ranked Stocks Investors Can Buy Right Now
• Positive Sentiment: Analyst commentary remains constructive after earnings, with price target increases and expectations for continued strong revenue and earnings growth tied to AI infrastructure spending. Mizuho Raises PT on Credo Technology (CRDO) After FQ4 2026 Earnings
• Neutral Sentiment: Insider sales by Director Fariba Danesh and CTO Chi Fung Cheng may have added some caution, but the CTO sale was described as part of a pre-arranged plan to cover tax withholding on equity awards, limiting the bearish signal. Credo Technology Group (NASDAQ:CRDO) Director Fariba Danesh Sells 1,100 Shares
• Neutral Sentiment: Some coverage pointed to customer concentration risk, though management is working to diversify revenue beyond a few large hyperscale customers. Credo’s Diversification Push: Can It Cut Customer Concentration Risk?
• Negative Sentiment: A Seeking Alpha downgrade to “Hold” suggests some investors think the stock may already reflect much of the near-term upside, especially after its strong run and rich valuation. Credo: Don’t Chase This Winner Over The Cliff – Downgrade To Hold

Credo Technology Group Stock Performance

CRDO stock opened at $250.81 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $72.03 and a 1 year high of $270.21. The firm has a market cap of $46.26 billion, a P/E ratio of 101.13, a price-to-earnings-growth ratio of 1.39 and a beta of 3.22. The stock has a 50-day simple moving average of $184.46 and a 200-day simple moving average of $150.79.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The business had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 157.0% compared to the same quarter last year. On average, equities research analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Susquehanna increased their price target on shares of Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a research note on Tuesday, June 2nd. Rothschild & Co Redburn assumed coverage on shares of Credo Technology Group in a research note on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock. Jefferies Financial Group increased their price target on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Craig Hallum reiterated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. One investment analyst has 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, Credo Technology Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.41.

Insiders Place Their Bets

In other news, Director Fariba Danesh sold 1,100 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $236.34, for a total value of $259,974.00. Following the completion of the sale, the director owned 7,017 shares in the company, valued at approximately $1,658,397.78. This trade represents a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’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 owned 5,992,370 shares of the company’s stock, valued at $1,555,199,786.10. This represents a 0.46% decrease in their ownership of the stock. 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 quarter, insiders have sold 376,884 shares of company stock valued at $59,014,018. Company insiders own 11.84% of the company’s stock.

Credo Technology Group Company Profile

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.