Credo Technology Group Holding Ltd. $CRDO Stock Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lessened its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 95.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 189 shares of the company’s stock after selling 4,091 shares during the quarter. Toth Financial Advisory Corp’s holdings in Credo Technology Group were worth $37,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its holdings in Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after purchasing an additional 3,597,318 shares in the last quarter. Atreides Management LP acquired a new position in shares of Credo Technology Group in the 1st quarter worth approximately $102,434,000. The Manufacturers Life Insurance Company lifted its position in shares of Credo Technology Group by 192.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,047,084 shares of the company’s stock worth $98,290,000 after buying an additional 688,596 shares during the period. H&H International Investment LLC lifted its position in shares of Credo Technology Group by 431.6% during the 1st quarter. H&H International Investment LLC now owns 751,200 shares of the company’s stock worth $70,515,000 after buying an additional 609,900 shares during the period. Finally, Scge Management L.P. acquired a new stake in Credo Technology Group in the 4th quarter valued at $82,017,000. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

CRDO has been the topic of a number of analyst reports. Bank of America lowered their price target on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. TD Cowen boosted their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Wall Street Zen lowered shares of Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Mizuho cut their price target on shares of Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating for the company in a report on Monday, September 21st. Finally, JPMorgan Chase & Co. cut their price target on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.67.

Insider Buying and Selling

In other news, COO Yat Lam sold 55,441 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Cheng sold 27,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total transaction of $5,310,800.00. Following the completion of the transaction, the chief technology officer owned 5,689,897 shares of the company’s stock, valued at $1,098,832,908.64. This trade represents a 0.48% 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. Insiders have sold 428,376 shares of company stock worth $87,012,128 over the last quarter. 9.06% of the stock is owned by company insiders.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $216.55 on Friday. The stock’s fifty day moving average is $209.13 and its 200-day moving average is $201.85. The stock has a market capitalization of $40.70 billion, a PE ratio of 77.06, a PEG ratio of 0.84 and a beta of 3.25. Credo Technology Group Holding Ltd. has a 52 week low of $86.49 and a 52 week high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $473.30 million. During the same period in the previous year, the business posted $0.52 earnings per share. The firm’s revenue for the quarter was up 114.7% compared to the same quarter last year. As a group, analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

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 Company Profile

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.