BDFS Capital LLC Invests $775,000 in Credo Technology Group Holding Ltd. $CRDO

BDFS Capital LLC acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,383 shares of the company’s stock, valued at approximately $775,000.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Credo Technology Group by 16.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after purchasing an additional 77 shares during the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of Credo Technology Group by 2.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock valued at $741,000 after purchasing an additional 100 shares during the last quarter. Spirepoint Private Client LLC increased its position in shares of Credo Technology Group by 6.6% during the 4th quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company’s stock valued at $243,000 after purchasing an additional 105 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Credo Technology Group by 14.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 861 shares of the company’s stock worth $125,000 after purchasing an additional 111 shares during the period. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Trading Up 9.0%

NASDAQ CRDO opened at $271.83 on Friday. Credo Technology Group Holding Ltd. has a 12 month low of $81.72 and a 12 month high of $274.90. The stock has a market cap of $50.69 billion, a price-to-earnings ratio of 109.61, a PEG ratio of 1.31 and a beta of 3.22. The company’s 50 day moving average is $196.61 and its two-hundred day moving average is $153.33.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results 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 business 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 company’s revenue was up 157.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. Sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 54,984 shares of the stock in a transaction 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 sale, the chief executive officer owned 367,327 shares in the company, valued at approximately $80,286,662.39. This represents a 13.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel W. Fleming sold 40,000 shares of the firm’s 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 sale, the chief financial officer directly owned 501,873 shares in the company, 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. 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 News Roundup

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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRDO. Rosenblatt Securities boosted their target price on shares of Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. 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. Weiss Ratings upgraded shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reissued a “buy” rating and set a $250.00 price objective on shares of Credo Technology Group in a research report on Tuesday, June 2nd. Finally, Needham & Company LLC raised their target price on Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.