Franklin Resources Inc. Grows Position in Credo Technology Group Holding Ltd. $CRDO

Franklin Resources Inc. lifted its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,125,369 shares of the company’s stock after acquiring an additional 36,681 shares during the quarter. Franklin Resources Inc.’s holdings in Credo Technology Group were worth $161,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Credo Technology Group

In other news, CEO William Joseph Brennan sold 54,984 shares of Credo Technology Group stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $218.57, for a total transaction 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. The trade was a 13.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $103.19, for a total value of $2,837,725.00. Following the transaction, the chief technology officer directly owned 6,162,370 shares in the company, valued at approximately $635,894,960.30. The trade was a 0.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 348,284 shares of company stock worth $51,616,969. Insiders own 11.84% of the company’s stock.

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $237.68 on Thursday. The stock has a market capitalization of $43.84 billion, a price-to-earnings ratio of 95.84, a PEG ratio of 1.23 and a beta of 3.22. The stock’s 50-day simple moving average is $177.95 and its two-hundred day simple moving average is $149.16. Credo Technology Group Holding Ltd. has a 52-week low of $68.64 and a 52-week high of $261.38.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. During the same period last year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 157.0% on a year-over-year basis. As a group, equities analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRDO. Jefferies Financial Group raised their target price 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. The Goldman Sachs Group reissued a “buy” rating and issued a $250.00 target price on shares of Credo Technology Group in a research report on Tuesday, June 2nd. Rothschild & Co Redburn began coverage on Credo Technology Group in a research report on Friday, May 1st. They issued a “buy” rating and a $206.00 target price on the stock. Mizuho raised their target price on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Finally, Roth Mkm raised their target price on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Credo Technology Group News Summary

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 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.