Bessemer Group Inc. Boosts Stake in Credo Technology Group Holding Ltd. $CRDO

Bessemer Group Inc. lifted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 8.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,134 shares of the company’s stock after acquiring an additional 10,110 shares during the period. Bessemer Group Inc. owned 0.07% of Credo Technology Group worth $12,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Credo Technology Group by 155.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 561,176 shares of the company’s stock valued at $53,828,000 after purchasing an additional 341,356 shares in the last quarter. Independent Financial Group LLC purchased a new stake in Credo Technology Group in the first quarter worth $2,213,000. Wealthfront Advisers LLC grew its stake in Credo Technology Group by 60.5% in the first quarter. Wealthfront Advisers LLC now owns 3,055 shares of the company’s stock worth $287,000 after purchasing an additional 1,152 shares during the period. D.A. Davidson & CO. bought a new position in Credo Technology Group in the first quarter worth $341,000. Finally, Bank of New York Mellon Corp raised its holdings in Credo Technology Group by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 663,212 shares of the company’s stock worth $62,256,000 after purchasing an additional 1,932 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo’s free cash flow surged to $177.5 million, which strengthens its balance sheet and gives the company more flexibility to fund innovation, pursue acquisitions, and expand its AI-driven connectivity business. That kind of cash generation is typically viewed favorably by investors. Credo’s Free Cash Flow Soars: Can the Momentum Continue?
• Positive Sentiment: The company also drew a mention from an investment manager’s Q2 2026 letter, which can reinforce the view that institutional investors see Credo as a strong growth name in the small-cap tech space. Here’s Why Credo Technology Group Holding Ltd (CRDO) is on the Detector List of the Fund
• Neutral Sentiment: Several articles focused on insider selling, including a planned sale by a Credo executive and other executives, but the transactions were made under pre-arranged Rule 10b5-1 plans and do not necessarily signal a negative change in fundamentals. Still, investors may view the sales cautiously after the stock’s sharp move higher. A Credo Executive Sold Nearly $24 Million in Stock Across Two Sales in One Day
• Neutral Sentiment: Another note highlighted that the company remains a market favorite after a major rally, with the discussion centered more on valuation and recent price gains than on a new business catalyst. What This Billionaire Co-Founder’s Credo Sale Signals With Shares Up 139%
• Neutral Sentiment: A separate market commentary piece mentioned Credo among potential buy-the-dip opportunities in a volatile AI-capex environment, but it was broader market analysis rather than company-specific news. Steven Cress’ Top 2 Stocks H2 2026

Insider Transactions at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $269.84, for a total value of $7,420,600.00. Following the transaction, the chief technology officer owned 5,909,870 shares in the company, valued at $1,594,719,320.80. The trade was a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 40,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the sale, the chief financial officer directly owned 501,873 shares in the company, valued at $125,207,276.04. This trade 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. Insiders sold a total of 329,662 shares of company stock valued at $76,068,196 in the last quarter. 11.84% of the stock is owned by insiders.

Credo Technology Group Price Performance

CRDO stock opened at $202.68 on Monday. The business has a 50 day moving average of $232.10 and a 200 day moving average of $167.29. The firm has a market cap of $37.80 billion, a PE ratio of 81.73, a price-to-earnings-growth ratio of 0.93 and a beta of 3.20. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CRDO shares. Rothschild & Co Redburn began coverage on shares of Credo Technology Group in a report on Friday, May 1st. They set a “buy” rating and a $206.00 target price on the stock. Roth Capital increased their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. TD Cowen lifted their price target on shares of Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $263.11.

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.