Marathon Strategic Advisors LLC Sells 2,000 Shares of Credo Technology Group Holding Ltd. $CRDO

Marathon Strategic Advisors LLC reduced its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,458 shares of the company’s stock after selling 2,000 shares during the period. Credo Technology Group accounts for about 0.6% of Marathon Strategic Advisors LLC’s portfolio, making the stock its 27th largest holding. Marathon Strategic Advisors LLC’s holdings in Credo Technology Group were worth $794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its position in shares of Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock valued at $284,000 after acquiring an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after purchasing an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Credo Technology Group by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after purchasing an additional 7,107 shares during the last quarter. CW Advisors LLC bought a new stake in shares of Credo Technology Group during the 2nd quarter worth approximately $288,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Credo Technology Group by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $46,000 after purchasing an additional 333 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRDO shares. Susquehanna increased their price objective on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a report on Tuesday, June 2nd. Bank of America upped their price target on shares of Credo Technology Group from $210.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price target on shares of Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, TD Cowen boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Credo Technology Group Stock Performance

CRDO opened at $271.83 on Friday. Credo Technology Group Holding Ltd. has a 1-year low of $81.72 and a 1-year high of $274.90. The stock’s fifty day simple moving average is $199.85 and its 200 day simple moving average is $154.16. The stock has a market cap of $50.69 billion, a PE ratio of 109.61, a price-to-earnings-growth ratio of 1.43 and a beta of 3.22.

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

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 54,984 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $218.57, for a total value of $12,017,852.88. Following the transaction, the chief executive officer directly owned 367,327 shares of the company’s stock, valued at $80,286,662.39. This represents a 13.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel W. Fleming sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the sale, the chief financial officer owned 501,873 shares of the company’s stock, valued at $125,207,276.04. This trade represents a 7.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 416,884 shares of company stock worth $72,809,943 in the last ninety days. Insiders own 11.84% of the company’s stock.

More Credo Technology Group News

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

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.