Corient Private Wealth LLC Purchases 3,597,318 Shares of Credo Technology Group Holding Ltd. $CRDO

Corient Private Wealth LLC increased its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 239,024.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,598,823 shares of the company’s stock after purchasing an additional 3,597,318 shares during the period. Corient Private Wealth LLC’s holdings in Credo Technology Group were worth $517,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new position in Credo Technology Group during the fourth quarter valued at $4,000,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Credo Technology Group by 28.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,010 shares of the company’s stock worth $1,236,000 after acquiring an additional 2,001 shares in the last quarter. Braeburn Wealth Management LLC purchased a new position in Credo Technology Group during the 4th quarter valued at about $702,000. Vident Advisory LLC lifted its position in Credo Technology Group by 7.2% during the 4th quarter. Vident Advisory LLC now owns 3,776 shares of the company’s stock valued at $543,000 after acquiring an additional 252 shares during the period. Finally, Delta Global Management LP bought a new stake in Credo Technology Group during the fourth quarter worth about $2,211,000. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Stock Performance

Shares of Credo Technology Group stock opened at $271.83 on Friday. The company has a 50-day simple moving average of $196.61 and a two-hundred day simple moving average of $153.33. Credo Technology Group Holding Ltd. has a 52-week low of $81.72 and a 52-week high of $274.90. The stock has a market capitalization of $50.69 billion, a PE ratio of 109.61, a price-to-earnings-growth ratio of 1.31 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The company had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The firm’s revenue for the quarter was up 157.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

Analysts Set New Price Targets

CRDO has been the subject of a number of analyst reports. Susquehanna raised their target price on shares of Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Tuesday, June 2nd. Rothschild & Co Redburn started coverage on Credo Technology Group in a research report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target on the stock. Stifel Nicolaus set a $250.00 price target on Credo Technology Group in a research note on Wednesday, May 27th. Jefferies Financial Group raised their price objective on Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Bank of America lifted their price objective on Credo Technology Group from $210.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Credo Technology Group presently has an average rating of “Moderate Buy” and an average price target of $248.41.

More Credo Technology Group News

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.

Insiders Place Their Bets

In other news, Director Fariba Danesh sold 1,100 shares of the business’s stock in a transaction 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 transaction, the director owned 7,017 shares in the company, valued at $1,658,397.78. The trade was a 13.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sylvia Acevedo sold 2,208 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $211.00, for a total value of $465,888.00. Following the completion of the transaction, the director owned 16,337 shares of the company’s stock, valued at $3,447,107. This represents a 11.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 416,884 shares of company stock worth $72,809,943. 11.84% of the stock is owned by corporate insiders.

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.