Clear Street Group Inc. Purchases 284,201 Shares of Credo Technology Group Holding Ltd. $CRDO

Clear Street Group Inc. boosted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 435.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,410 shares of the company’s stock after buying an additional 284,201 shares during the quarter. Credo Technology Group makes up approximately 0.2% of Clear Street Group Inc.’s portfolio, making the stock its 28th biggest position. Clear Street Group Inc.’s holdings in Credo Technology Group were worth $50,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRDO. Crewe Advisors LLC raised its stake in shares of Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new stake in shares of Credo Technology Group in the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC bought a new position in shares of Credo Technology Group during the 4th quarter valued at $32,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Credo Technology Group during the 4th quarter valued at $36,000. Finally, Smartleaf Asset Management LLC raised its position in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after purchasing an additional 147 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Trending Headlines about Credo Technology Group

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

Insider Buying and Selling

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $259.53, for a total value of $7,137,075.00. Following the completion of the sale, the chief technology officer owned 5,992,370 shares in the company, valued at approximately $1,555,199,786.10. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, 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, Director Fariba Danesh sold 1,100 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,658,397.78. This trade represents a 13.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 376,884 shares of company stock valued at $59,014,018 over the last ninety days. Corporate insiders own 11.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CRDO shares. Mizuho boosted their price target on shares of Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Susquehanna lifted their price objective on Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a report on Tuesday, June 2nd. Needham & Company LLC boosted their target price on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Bank of America increased their target price on Credo Technology Group from $210.00 to $252.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Roth Mkm raised their price target on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.41.

Credo Technology Group Stock Down 5.3%

Shares of CRDO opened at $250.81 on Friday. The stock has a market capitalization of $46.26 billion, a P/E ratio of 101.13, a PEG ratio of 1.32 and a beta of 3.22. Credo Technology Group Holding Ltd. has a twelve month low of $72.03 and a twelve month high of $270.21. The firm has a fifty day simple moving average of $184.46 and a two-hundred day simple moving average of $150.79.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data 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. The firm had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 36.99%. The company’s revenue for the quarter was up 157.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 earnings per share. Sell-side analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

Credo Technology Group 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.