Straight Path Wealth Management Cuts Position in Credo Technology Group Holding Ltd. $CRDO

Straight Path Wealth Management lessened its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 80.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,200 shares of the company’s stock after selling 29,300 shares during the quarter. Straight Path Wealth Management’s holdings in Credo Technology Group were worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Credo Technology Group by 9.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock worth $39,004,000 after buying an additional 23,332 shares during the last quarter. FengHe Fund Management Pte. Ltd. boosted its holdings in Credo Technology Group by 5.7% in the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after buying an additional 8,769 shares during the last quarter. M&T Bank Corp boosted its holdings in Credo Technology Group by 428.8% in the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after buying an additional 10,888 shares during the last quarter. TD Asset Management Inc acquired a new stake in Credo Technology Group in the 3rd quarter worth about $17,454,000. Finally, Second Line Capital LLC acquired a new stake in Credo Technology Group in the 3rd quarter worth about $4,283,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.60, for a total value of $3,234,000.00. Following the sale, the chief technology officer owned 6,272,370 shares in the company, valued at $737,630,712. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total value of $5,884,000.00. Following the completion of the sale, the chief executive officer owned 1,782,502 shares in the company, valued at $209,764,835.36. This represents a 2.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 386,608 shares of company stock worth $50,371,351 over the last quarter. 11.84% of the stock is currently owned by insiders.

Credo Technology Group Trading Up 1.4%

Credo Technology Group stock opened at $217.50 on Friday. The company has a 50-day moving average price of $167.59 and a 200 day moving average price of $146.77. Credo Technology Group Holding Ltd. has a 12-month low of $66.75 and a 12-month high of $245.95. The stock has a market cap of $40.12 billion, a P/E ratio of 87.70, a PEG ratio of 1.44 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.14. The company had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 36.99%. Credo Technology Group’s revenue was up 157.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. As a group, analysts forecast that Credo Technology Group Holding Ltd. will post 3.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRDO. Susquehanna lifted their price objective on Credo Technology Group from $200.00 to $235.00 and gave the stock a “positive” rating in a report on Tuesday. Jefferies Financial Group lifted their price objective on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday. Roth Mkm lifted their price objective on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday. Rosenblatt Securities lifted their price objective on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 price objective on shares of Credo Technology Group in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned 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 $248.41.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Multiple articles highlighted Credo’s strong fiscal 2026 results, including revenue more than tripling year over year and earnings beating expectations, reinforcing the idea that the company is benefiting from rapid AI networking demand.
• Positive Sentiment: Management’s commentary on the earnings call pointed to an upcoming optical networking ramp, with plans for more than $600 million in optical revenue in fiscal 2027 and over 80% revenue growth guidance, which investors view as a major next leg of growth. Article: CRDO Q4 Earnings Call Flags Optical Ramp as Next Leg
• Positive Sentiment: Wall Street commentary remained constructive, with coverage noting analysts are increasingly bullish on CRDO and that the company remains a key AI infrastructure beneficiary. Article: Wall Street delivers a surprising verdict on Credo stock
• Neutral Sentiment: Credo also presented at the Bank of America Global Technology Conference, but the event was a transcript/discussion rather than a new financial catalyst. Article: Credo Technology Group Holding Ltd (CRDO) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: Several follow-up articles focused on valuation and the sustainability of growth after the stock’s huge run-up, suggesting some investors are debating whether the rally has already priced in a lot of good news.

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.