23,755 Shares in Credo Technology Group Holding Ltd. $CRDO Purchased by Dupree Financial Group LLC

Dupree Financial Group LLC bought a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the third quarter, HoldingsChannel reports. The fund bought 23,755 shares of the company’s stock, valued at approximately $4,627,000. Credo Technology Group makes up about 1.2% of Dupree Financial Group LLC’s holdings, making the stock its 24th largest holding.

Several other hedge funds also recently bought and sold shares of the stock. Castle Rock Wealth Management LLC raised its holdings in shares of Credo Technology Group by 31.8% in the third quarter. Castle Rock Wealth Management LLC now owns 9,785 shares of the company’s stock worth $1,906,000 after acquiring an additional 2,361 shares during the last quarter. Wedmont Private Capital acquired a new stake in shares of Credo Technology Group during the third quarter valued at $848,000. GAMMA Investing LLC increased its position in Credo Technology Group by 2.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,986 shares of the company’s stock worth $387,000 after purchasing an additional 51 shares in the last quarter. Farther Finance Advisors LLC increased its position in Credo Technology Group by 52.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 14,012 shares of the company’s stock worth $2,729,000 after purchasing an additional 4,827 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC raised its stake in Credo Technology Group by 4.9% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 418,991 shares of the company’s stock valued at $81,615,000 after purchasing an additional 19,685 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Key Credo Technology Group News

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CRDO shares. Bank of America reduced their target price on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. Evercore set a $292.00 price objective on shares of Credo Technology Group in a research report on Wednesday, September 2nd. Stifel Nicolaus reduced their price objective on shares of Credo Technology Group from $350.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Zacks Research lowered shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings cut shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $262.67.

Credo Technology Group Trading Up 2.2%

Shares of NASDAQ:CRDO opened at $216.55 on Friday. The firm has a market cap of $40.70 billion, a price-to-earnings ratio of 77.06, a PEG ratio of 0.84 and a beta of 3.25. The stock’s 50-day moving average price is $209.13 and its two-hundred day moving average price is $201.85. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The company’s quarterly revenue was up 114.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, research analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Insider Activity at Credo Technology Group

In other news, insider James Laufman sold 5,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the completion of the sale, the insider directly owned 164,223 shares of the company’s stock, valued at $33,665,715. The trade was a 2.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Chi Cheng sold 27,500 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $221.48, for a total value of $6,090,700.00. Following the completion of the transaction, the chief technology officer directly owned 5,634,897 shares in the company, valued at $1,248,016,987.56. This trade represents a 0.49% 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 have sold a total of 428,376 shares of company stock valued at $87,012,128 in the last ninety days. 9.06% of the stock is owned by company insiders.

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.