FNY Investment Advisers LLC Invests $611,000 in Credo Technology Group Holding Ltd. $CRDO

FNY Investment Advisers LLC purchased a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,250 shares of the company’s stock, valued at approximately $611,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Castle Rock Wealth Management LLC bought a new position in Credo Technology Group during the 2nd quarter worth $1,923,000. Assenagon Asset Management S.A. lifted its stake in Credo Technology Group by 57.9% in the second quarter. Assenagon Asset Management S.A. now owns 5,860 shares of the company’s stock valued at $1,594,000 after buying an additional 2,149 shares during the last quarter. GK Wealth Management LLC bought a new stake in Credo Technology Group in the second quarter valued at $4,419,000. GAMMA Investing LLC boosted its holdings in shares of Credo Technology Group by 14.8% during the second quarter. GAMMA Investing LLC now owns 1,935 shares of the company’s stock valued at $526,000 after acquiring an additional 250 shares during the period. Finally, Moody National Bank Trust Division acquired a new position in shares of Credo Technology Group during the second quarter valued at $296,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Daniel W. Fleming sold 7,580 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $245.88, for a total value of $1,863,770.40. Following the completion of the transaction, the chief financial officer directly owned 504,708 shares in the company, valued at $124,097,603.04. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Tung Lam sold 55,441 shares of the firm’s 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 transaction, the chief operating officer owned 2,529,169 shares in the company, valued at $538,763,580.38. This represents a 2.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 435,076 shares of company stock worth $101,043,506. 11.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRDO shares. Jefferies Financial Group increased their price objective on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their target price on shares of Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Evercore started coverage on shares of Credo Technology Group in a research report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 target price for the company. Zacks Research lowered shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, TD Cowen raised 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 note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $266.17.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo is being highlighted as a high-growth AI photonics and connectivity beneficiary. Analysts point to rising demand for optical interconnects, an expanding product portfolio and bullish revenue expectations as potential catalysts for continued growth. Buy These 2 High-Flying AI-Led Photonics Stocks With More Room to Grow
• Positive Sentiment: The Federal Communications Commission is reportedly considering restrictions on imports of new Chinese optical transceivers. Because China controls more than half of the global transceiver market, potential limits could tighten supply and improve the competitive positioning of U.S.-linked optical and interconnect suppliers such as Credo. The Trump Administration Could Soon Create the Mother of All AI Bottlenecks
• Positive Sentiment: Credo showcased new interconnect solutions for AI memory and storage at Flash Memory Summit 2026. The products are aimed at data-center scale requirements and could benefit from continued spending on AI servers, high-bandwidth memory and storage infrastructure. Credo Technology Group Holding Showcased AI Interconnects
• Neutral Sentiment: Credo recently delivered a substantial earnings beat, with quarterly revenue up 157% year over year and earnings per share exceeding consensus estimates. The results support the growth narrative, but the stock trades at an elevated earnings multiple, leaving less room for execution disappointments. Price Prediction: Credo Will Trade at This Price in 2030
• Negative Sentiment: Zacks Research downgraded Credo from “strong buy” to “hold,” reflecting caution after the stock’s substantial rally and concerns that its valuation may already price in significant AI-driven growth. Zacks
• Negative Sentiment: CTO Chi Fung Cheng sold 27,473 shares worth approximately $5.8 million under a pre-arranged Rule 10b5-1 trading plan. The sale represents only a small fraction of his remaining holdings, but adds to a pattern of insider profit-taking that may weigh on sentiment. Chi Fung Cheng Sells Shares of Credo Technology Group

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $230.43 on Friday. The stock has a market cap of $42.97 billion, a price-to-earnings ratio of 92.92, a PEG ratio of 1.03 and a beta of 3.23. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The business has a fifty day moving average of $237.16 and a 200-day moving average of $174.01.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s revenue was up 157.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

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.