Mariner Investment Group LLC Purchases New Shares in Credo Technology Group Holding Ltd. $CRDO

Mariner Investment Group LLC acquired a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,000 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors also recently bought and sold shares of the business. Corient Private Wealth LLC boosted its stake in shares of Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after buying an additional 3,597,318 shares during the period. Amundi increased its position in Credo Technology Group by 28,478.2% in the 4th quarter. Amundi now owns 1,559,796 shares of the company’s stock valued at $224,439,000 after acquiring an additional 1,554,338 shares during the period. Janus Henderson Group PLC raised its stake in Credo Technology Group by 841.9% during the 4th quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock valued at $228,979,000 after acquiring an additional 1,422,391 shares during the last quarter. Bank of America Corp DE raised its stake in Credo Technology Group by 161.5% during the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock valued at $331,710,000 after acquiring an additional 1,406,752 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new stake in Credo Technology Group during the 3rd quarter worth approximately $183,553,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Credo Technology Group

In other news, CFO Daniel W. Fleming sold 40,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total value of $9,979,200.00. Following the completion of the transaction, the chief financial officer owned 501,873 shares in the company, valued at $125,207,276.04. This trade represents a 7.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, CEO William Joseph Brennan sold 54,984 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the completion of the sale, the chief executive officer owned 367,327 shares of the company’s stock, valued at $80,286,662.39. This trade represents a 13.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 416,884 shares of company stock valued at $72,809,943 in the last ninety days. 11.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen lifted their target price on Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 price objective on shares of Credo Technology Group in a research report on Tuesday, June 2nd. Susquehanna boosted their price objective 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. Finally, Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One equities research 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.41.

Key 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.

Credo Technology Group Price Performance

CRDO opened at $271.83 on Friday. The business has a 50 day simple moving average of $196.61 and a 200-day simple moving average of $153.33. The stock has a market capitalization of $50.69 billion, a P/E ratio of 109.61, a P/E/G ratio of 1.31 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 12 month low of $81.72 and a 12 month high of $274.90.

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 firm had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.Credo Technology Group’s quarterly revenue was up 157.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. Research analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current 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.