Credo Technology Group Holding Ltd. $CRDO Shares Acquired by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC boosted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,785 shares of the company’s stock after purchasing an additional 2,361 shares during the period. Castle Rock Wealth Management LLC’s holdings in Credo Technology Group were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wedmont Private Capital acquired a new position in shares of Credo Technology Group during the 3rd quarter worth about $848,000. GAMMA Investing LLC increased its position in shares of Credo Technology Group by 2.6% in the third quarter. GAMMA Investing LLC now owns 1,986 shares of the company’s stock valued at $387,000 after acquiring an additional 51 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Credo Technology Group by 52.6% in the third quarter. Farther Finance Advisors LLC now owns 14,012 shares of the company’s stock valued at $2,729,000 after acquiring an additional 4,827 shares during the last quarter. Zevenbergen Capital Investments LLC raised its holdings in Credo Technology Group by 4.9% during the third quarter. Zevenbergen Capital Investments LLC now owns 418,991 shares of the company’s stock worth $81,615,000 after acquiring an additional 19,685 shares in the last quarter. Finally, Titleist Asset Management LLC bought a new stake in Credo Technology Group during the third quarter worth about $209,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Credo Technology Group

In related news, CTO Chi Cheng sold 27,500 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $193.12, for a total value of $5,310,800.00. Following the transaction, the chief technology officer owned 5,689,897 shares in the company, valued at approximately $1,098,832,908.64. This represents a 0.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 55,441 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the completion of the transaction, the chief operating officer owned 2,529,169 shares in the company, valued at approximately $538,763,580.38. This trade represents a 2.15% decrease in their position. 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 quarter, insiders sold 428,376 shares of company stock worth $87,012,128. Corporate insiders own 9.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings downgraded Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Wall Street Zen cut Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Barclays increased their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Rosenblatt Securities boosted their target price on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.67.

Credo Technology Group News Summary

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

• Positive Sentiment: AI connectivity demand remains the central growth catalyst. A recent investment outlook argues that Credo’s connectivity solutions are benefiting from rapid AI infrastructure spending and could support substantial revenue and earnings growth through 2029. Prediction: $5,000 Invested in Credo Technology Could Be Worth This Much by 2029
• Positive Sentiment: Credo is showcasing a broad AI networking portfolio at the 2026 OCP Global Summit. The company plans to highlight connectivity products for both scale-out and scale-up AI fabrics, reinforcing its positioning as a supplier to data-center and accelerator networks. Credo to Showcase Broad Portfolio of Connectivity Solutions for AI Scale-Out and Scale-Up Fabrics at 2026 OCP Global Summit
• Positive Sentiment: Retimers and optical connectivity are emerging as additional growth opportunities. Recent coverage says Credo’s retimer business is gaining momentum as AI data-center deployments expand. Its participation in the Open CPX MSA could also help it collaborate on interoperable near-package and co-packaged optical technologies. CRDO’s Retimer Business Gains Steam: Can the Momentum Continue?
• Neutral Sentiment: Recent operating results provide support, but expectations are elevated. Credo’s latest reported revenue increased 114.7% year over year to $479 million, exceeding estimates, while EPS also topped expectations. Analysts maintain a Moderate Buy consensus with an average price target of $262.67, but the high valuation and elevated beta leave the stock sensitive to any slowdown in AI spending or execution.
• Negative Sentiment: Insider selling is a modest sentiment headwind. CTO Chi Cheng sold $6.1 million of CRDO stock, following several earlier sales. However, the transaction was conducted under a pre-arranged Rule 10b5-1 plan and was intended to cover tax withholding on vested equity awards, reducing its significance as a bearish signal. Credo Technology Group CTO Sells $6,090,700.00 in Stock

Credo Technology Group Trading Up 2.2%

Shares of CRDO traded up $4.69 during mid-day trading on Friday, reaching $216.55. The company’s stock had a trading volume of 6,297,073 shares, compared to its average volume of 7,537,659. Credo Technology Group Holding Ltd. has a 1-year low of $86.49 and a 1-year high of $308.67. The stock has a market cap of $40.70 billion, a P/E ratio of 77.06, a PEG ratio of 0.88 and a beta of 3.25. The business has a 50-day simple moving average of $208.94 and a two-hundred day simple moving average of $201.75.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The business had revenue of $479.00 million for the quarter, compared to analyst estimates of $473.30 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was up 114.7% compared to the same quarter last year. Research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.