Stratos Wealth Partners LTD. Purchases 29,245 Shares of Credo Technology Group Holding Ltd. $CRDO

Stratos Wealth Partners LTD. lifted its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 61.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,463 shares of the company’s stock after purchasing an additional 29,245 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Credo Technology Group were worth $11,134,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in Credo Technology Group in the 3rd quarter worth approximately $25,000. First Horizon Corp bought a new position in Credo Technology Group during the third quarter valued at approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Credo Technology Group during the second quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its holdings in shares of Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after acquiring an additional 147 shares during the last quarter. Finally, Park Place Capital Corp bought a new stake in shares of Credo Technology Group in the 3rd quarter worth approximately $41,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CRDO. Mizuho increased their target price on shares of Credo Technology Group from $165.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Bank of America raised their price objective on Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Roth Mkm lowered their price objective on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday. KGI Securities raised shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective for the company in a research note on Tuesday, December 2nd. Finally, TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $212.69.

Credo Technology Group Trading Down 4.7%

Shares of Credo Technology Group stock opened at $128.40 on Thursday. The firm has a market cap of $23.19 billion, a PE ratio of 112.63 and a beta of 2.65. The stock has a 50 day moving average of $141.79 and a 200 day moving average of $142.82. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.18. The business had revenue of $268.03 million for the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The company’s revenue for the quarter was up 272.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Preliminary Q3 revenue beat and raised outlook — Credo disclosed preliminary Q3 results that materially beat prior guidance and the company has pushed its fiscal outlook much higher, pointing to multi‑hundred percent revenue growth driven by AI/data‑center demand. Credo Technology (CRDO) Climbs 9% as Firm Eyes ‘More-Than-Triple’ Revenue Growth in Next 2 Years
• Positive Sentiment: Analyst support and upgrades — Needham reaffirmed a Buy and set a $220 price target; several research pieces (including upgrades on Seeking Alpha and Zacks coverage) have turned more constructive, citing accelerating AI-related demand and improving margins. Needham Buy Rating / Benzinga
• Neutral Sentiment: High trading volume and volatility — Trading volume has been well above average during the move, amplifying intraday swings and making timing riskier for short‑term traders. CRDO Soars 9.2%: Is Further Upside Left?
• Neutral Sentiment: Short-interest reports appear meaningless/noisy — recent entries show “large increase” text but report 0 shares (NaN changes) and a 0.0 days‑to‑cover figure; this looks like a data/reporting artifact rather than a true short squeeze signal. (No actionable short‑interest read provided.)
• Negative Sentiment: Profit‑taking and valuation pressure — after the rapid run, some analysts and market participants note that much of the positive news is already priced in and the stock’s elevated multiples raise the risk of pullbacks, which helps explain today’s decline. CRDO Up on Preliminary Q3 Revenue Beat: What it Signals

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, COO Yat Tung Lam sold 370,000 shares of Credo Technology Group stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $153.19, for a total value of $56,680,300.00. Following the completion of the transaction, the chief operating officer directly owned 400,000 shares of the company’s stock, valued at $61,276,000. This trade represents a 48.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Chi Fung Cheng sold 55,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $174.70, for a total transaction of $9,608,500.00. Following the sale, the chief technology officer owned 6,613,961 shares in the company, valued at $1,155,458,986.70. This represents a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 917,976 shares of company stock worth $136,567,647 over the last 90 days. 11.84% of the stock is owned by insiders.

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.