Polymer Capital Management HK LTD Sells 31,383 Shares of Credo Technology Group Holding Ltd. $CRDO

Polymer Capital Management HK LTD lessened its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 48.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,980 shares of the company’s stock after selling 31,383 shares during the period. Polymer Capital Management HK LTD’s holdings in Credo Technology Group were worth $4,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC lifted its stake in shares of Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Credo Technology Group in the 4th quarter worth approximately $32,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Credo Technology Group in the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC lifted its stake in shares of 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. Finally, Quarry LP raised its stake in Credo Technology Group by 642.5% during the 3rd quarter. Quarry LP now owns 297 shares of the company’s stock worth $43,000 after acquiring an additional 257 shares during the period. Institutional investors own 80.46% of the company’s stock.

Key Headlines Impacting 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 Activity

In other news, Director Sylvia Acevedo sold 2,208 shares of Credo Technology Group stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $211.00, for a total transaction of $465,888.00. Following the sale, the director owned 16,337 shares in the company, valued at $3,447,107. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Fariba Danesh sold 1,100 shares of Credo Technology Group stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $236.34, for a total transaction of $259,974.00. Following the sale, the director owned 7,017 shares in the company, valued at approximately $1,658,397.78. The trade was a 13.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, 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 Trading Down 5.3%

NASDAQ CRDO opened at $250.81 on Friday. Credo Technology Group Holding Ltd. has a 12 month low of $72.03 and a 12 month high of $270.21. The stock has a market cap of $46.26 billion, a price-to-earnings ratio of 101.13, a PEG ratio of 1.39 and a beta of 3.22. The company’s 50 day moving average is $184.46 and its two-hundred day moving average is $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 the consensus estimate 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 last year, the business posted $0.20 earnings per share. Sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRDO shares. Weiss Ratings upgraded shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. TD Cowen raised their target price on shares of Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Bank of America raised their target price on shares of Credo Technology Group from $210.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $250.00 target price on shares of Credo Technology Group in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.41.

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.