Bridge City Capital LLC Sells 4,822 Shares of Credo Technology Group Holding Ltd. $CRDO

Bridge City Capital LLC lessened its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,278 shares of the company’s stock after selling 4,822 shares during the period. Credo Technology Group comprises 1.2% of Bridge City Capital LLC’s holdings, making the stock its 27th biggest holding. Bridge City Capital LLC’s holdings in Credo Technology Group were worth $4,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC grew its position in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. Acumen Wealth Advisors LLC bought a new position in Credo Technology Group in the fourth quarter valued at about $25,000. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group in the fourth quarter valued at about $32,000. Smallwood Wealth Investment Management LLC bought a new position in Credo Technology Group in the fourth quarter valued at about $36,000. Finally, Van ECK Associates Corp bought a new position in Credo Technology Group in the fourth quarter valued at about $37,000. 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

Credo Technology Group Trading Down 5.3%

NASDAQ:CRDO opened at $250.81 on Friday. The stock has a market cap of $46.26 billion, a P/E ratio of 101.13, a price-to-earnings-growth ratio of 1.32 and a beta of 3.22. The stock’s 50-day moving average is $184.46 and its 200-day moving average is $150.79. Credo Technology Group Holding Ltd. has a 1-year low of $72.03 and a 1-year high of $270.21.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.14. The company had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The business’s quarterly revenue was up 157.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share. As a group, equities 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 research analysts have issued reports on CRDO shares. Rosenblatt Securities lifted their target price on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Bank of America boosted their price target on Credo Technology Group from $210.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Rothschild & Co Redburn assumed coverage on Credo Technology Group in a report on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock. Finally, Jefferies Financial Group boosted their price target on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.41.

Insider Buying and Selling

In related news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $103.19, for a total value of $2,837,725.00. Following the transaction, the chief technology officer directly owned 6,162,370 shares of the company’s stock, valued at $635,894,960.30. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 54,984 shares of Credo Technology Group stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $218.57, for a total value of $12,017,852.88. Following the completion of the transaction, the chief executive officer directly owned 367,327 shares in the company, valued at approximately $80,286,662.39. This represents a 13.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 376,884 shares of company stock worth $59,014,018. 11.84% of the stock is owned by insiders.

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.