Credo Technology Group Holding Ltd. $CRDO Shares Purchased by Vise Technologies Inc.

11 Jun 2026, 12:24 by Michael Walen · The Markets Daily

Vise Technologies Inc. boosted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 77.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,823 shares of the company’s stock after acquiring an additional 2,106 shares during the period. Vise Technologies Inc.’s holdings in Credo Technology Group were worth $694,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its position in Credo Technology Group by 9.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock valued at $39,004,000 after purchasing an additional 23,332 shares during the period. M&T Bank Corp increased its position in shares of Credo Technology Group by 428.8% during the fourth quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after acquiring an additional 10,888 shares during the period. FengHe Fund Management Pte. Ltd. increased its position in shares of Credo Technology Group by 5.7% during the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after acquiring an additional 8,769 shares during the period. TD Asset Management Inc purchased a new stake in shares of Credo Technology Group during the third quarter worth $17,454,000. Finally, Second Line Capital LLC purchased a new stake in shares of Credo Technology Group during the third quarter worth $4,283,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction dated 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 owned 6,162,370 shares in the company, valued at approximately $635,894,960.30. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the chief executive officer owned 367,327 shares in the company, valued at approximately $80,286,662.39. The trade was a 13.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 348,284 shares of company stock worth $51,616,969. Company insiders own 11.84% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRDO. The Goldman Sachs Group reaffirmed a “buy” rating and set a $250.00 price objective on shares of Credo Technology Group in a research report on Tuesday, June 2nd. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. TD Cowen upped their price objective on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group upped their price objective on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Bank of America upped their price objective on Credo Technology Group from $210.00 to $252.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.41.

Check Out Our Latest Analysis on Credo Technology Group

Credo Technology Group Price Performance

NASDAQ:CRDO opened at $237.68 on Thursday. The firm has a market capitalization of $43.84 billion, a PE ratio of 95.84, a price-to-earnings-growth ratio of 1.23 and a beta of 3.22. The business’s fifty day moving average price is $177.95 and its 200 day moving average price is $149.16. Credo Technology Group Holding Ltd. has a 12 month low of $68.64 and a 12 month high of $261.38.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The firm had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. Credo Technology Group’s revenue for the quarter was up 157.0% compared to the same quarter last year. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Key Credo Technology Group News

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

Positive Sentiment: Credo’s AI connectivity strategy continues to draw investor attention, with coverage noting record fiscal 2026 revenue and a possible growth inflection ahead in fiscal 2027 as optical products scale. Can Credo Technology Maintain Revenue Growth Amid the AI Boom?
Positive Sentiment: Analysts have been raising expectations, with commentary saying CRDO could keep moving higher as earnings estimates rise. Can Credo Technology Group (CRDO) Run Higher on Rising Earnings Estimates?
Positive Sentiment: A recent upgrade argued that Credo’s high-speed data-center connectivity business remains well positioned to benefit from AI infrastructure spending. Credo Technology: The $3,000-Per-GPU Memory Arbitrage Demands A Strong Buy (Rating Upgrade)
Neutral Sentiment: 24/7 Wall St. published a price forecast that was essentially flat versus the current share price, suggesting limited near-term upside or downside from that model. Credo Price Prediction and Forecast: This Is Where The Stock Goes From Here
Neutral Sentiment: Shares also drew attention from unusual call-option buying, which points to bullish speculation but does not confirm a change in fundamentals.
Negative Sentiment: CEO William Joseph Brennan and Director Sylvia Acevedo sold shares in recent transactions, which may weigh on sentiment even though insider sales are often routine.

Credo Technology Group Company Profile

(Free Report)

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.

Featured Stories

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