Sit Investment Associates Inc. Makes New Investment in Credo Technology Group Holding Ltd. $CRDO

Sit Investment Associates Inc. purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,086 shares of the company’s stock, valued at approximately $1,163,000.

Several other hedge funds have also recently modified their holdings of the stock. Corient Private Wealth LLC grew its holdings 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 valued at $517,835,000 after buying an additional 3,597,318 shares during the last quarter. Amundi increased its position in shares of 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% in the 4th quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock worth $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% in the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $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 about $183,553,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $271.83 on Friday. Credo Technology Group Holding Ltd. has a one year low of $81.72 and a one year high of $274.90. The firm has a market cap of $50.69 billion, a price-to-earnings ratio of 109.61, a PEG ratio of 1.43 and a beta of 3.22. The firm’s fifty day moving average is $199.85 and its two-hundred day moving average is $154.16.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million during 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%.The company’s revenue was up 157.0% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. As a group, equities research analysts predict that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Trending Headlines about Credo Technology Group

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Market commentary says Credo Technology is emerging as a key AI connectivity supplier, with its data center and optical networking products positioned to benefit from continued AI infrastructure spending. Credo Technologies Accelerates AI—Its Stock Price Will Follow
• Positive Sentiment: Credo Technology Group received 2026 USA TODAY Top Workplaces honors for the second year in a row, reinforcing its ability to attract and retain talent. Credo Earns 2026 National and Regional Top Workplace Honors
• Positive Sentiment: Analysts remain constructive overall after Credo’s strong fiscal 2026 results, which included triple-digit revenue growth and earnings above expectations.
• Neutral Sentiment: CTO Chi Fung Cheng sold 27,500 shares in a Rule 10b5-1 transaction; the sale is notable but was pre-planned and small relative to his remaining holdings. Credo Technology Group stock and insider trade details
• Negative Sentiment: Bearish commentary warns that CRDO may be overheated after its sharp run, with one analysis arguing the shares could be trading well above intrinsic value. Credo Technology Group Holding (CRDO) Stock Could Be 109.1% Overvalued After Its Recent Run

Insider Transactions at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $246.69, for a total transaction of $6,783,975.00. Following the sale, the chief technology officer directly owned 5,964,870 shares of the company’s stock, valued at $1,471,473,780.30. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 40,000 shares of Credo Technology Group stock in a transaction that occurred on 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 transaction, the chief financial officer owned 501,873 shares of the company’s stock, valued at approximately $125,207,276.04. This represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last ninety days, insiders have sold 416,884 shares of company stock valued at $72,809,943. 11.84% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRDO shares. Susquehanna boosted their price target on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Tuesday, June 2nd. Rosenblatt Securities raised their price objective on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus set a $250.00 target price on Credo Technology Group in a report on Wednesday, May 27th. Craig Hallum reiterated a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Roth Mkm increased their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $248.41.

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.