AI Squared Management Ltd Buys New Shares in Credo Technology Group Holding Ltd. $CRDO

AI Squared Management Ltd bought a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,200 shares of the company’s stock, valued at approximately $1,899,000. Credo Technology Group makes up 2.2% of AI Squared Management Ltd’s holdings, making the stock its 16th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC grew its stake in shares of Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group during the fourth quarter worth $32,000. Smallwood Wealth Investment Management LLC bought a new position in Credo Technology Group during the fourth quarter worth $36,000. Smartleaf Asset Management LLC boosted its position in Credo Technology Group by 133.6% during the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after purchasing an additional 147 shares during the period. Finally, Quarry LP boosted its position in Credo Technology Group by 642.5% during the third quarter. Quarry LP now owns 297 shares of the company’s stock worth $43,000 after purchasing an additional 257 shares during the period. 80.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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. Bank of America lifted their price objective 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. Susquehanna lifted their price objective on shares of Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a research report on Tuesday, June 2nd. Rosenblatt Securities lifted their price objective on shares of Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.41.

Credo Technology Group News Roundup

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

• Positive Sentiment: Credo completed its acquisition of DustPhotonics, adding silicon photonics capabilities and broadening its optical connectivity offering for next-generation AI and cloud networking demand. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
• Positive Sentiment: Multiple articles highlighted Credo as a top-ranked or bullish stock pick, citing strong catalysts and continued investor enthusiasm for AI-linked growth. 3 Top Ranked Stocks Investors Can Buy Right Now
• Positive Sentiment: Analysts have raised price targets after the latest earnings report, with commentary pointing to rising earnings estimates and momentum from record fiscal 2026 results. Can Credo Technology Group (CRDO) Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Insider sales by a director and the CTO may have added some caution, but the CTO’s sale was tied to tax withholding on vested equity awards and does not appear to signal a fundamental change.
• Neutral Sentiment: Some coverage noted that Credo still faces customer concentration risk, although management is working to diversify into more NeoCloud and broader customer relationships. Credo’s Diversification Push: Can It Cut Customer Concentration Risk?

Insider Activity at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $259.53, for a total transaction of $7,137,075.00. Following the completion of the sale, the chief technology officer owned 5,992,370 shares of the company’s stock, valued at approximately $1,555,199,786.10. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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, insider James Laufman sold 10,000 shares of Credo Technology Group stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $164.41, for a total value of $1,644,100.00. Following the sale, the insider directly owned 198,609 shares of the company’s stock, valued at $32,653,305.69. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 376,884 shares of company stock valued at $59,014,018. 11.84% of the stock is currently owned by insiders.

Credo Technology Group Stock Performance

CRDO opened at $264.76 on Friday. Credo Technology Group Holding Ltd. has a fifty-two week low of $70.78 and a fifty-two week high of $268.18. The company has a market capitalization of $48.83 billion, a P/E ratio of 106.76, a P/E/G ratio of 1.25 and a beta of 3.22. The stock has a fifty day moving average of $181.36 and a 200-day moving average of $150.09.

Credo Technology Group (NASDAQ:CRDO) last posted its 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. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The company had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company’s revenue was up 157.0% on a year-over-year basis. On average, equities research analysts predict that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

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.