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

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

Several other large investors also recently made changes to their positions in CRDO. Reflection Asset Management bought a new stake in shares of Credo Technology Group in the 4th quarter worth approximately $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group during the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC bought a new stake in Credo Technology Group during the fourth quarter worth approximately $32,000. AlphaCentric Advisors LLC bought a new stake in Credo Technology Group during the first quarter worth approximately $33,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in Credo Technology Group in the fourth quarter worth approximately $36,000. Institutional investors own 80.46% of the company’s stock.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CRDO shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a report on Tuesday, June 2nd. Weiss Ratings raised Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. lifted their target price on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Tuesday, June 2nd. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 target price on the stock. Finally, Evercore assumed coverage on Credo Technology Group in a research report on Monday, June 22nd. They set an “outperform” rating and a $325.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $266.17.

Credo Technology Group Price Performance

Credo Technology Group stock opened at $230.43 on Friday. The firm’s 50 day simple moving average is $237.16 and its 200-day simple moving average is $174.01. The company has a market cap of $42.97 billion, a P/E ratio of 92.92, a price-to-earnings-growth ratio of 1.03 and a beta of 3.23. Credo Technology Group Holding Ltd. has a fifty-two week low of $86.49 and a fifty-two week high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) 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 analyst estimates of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The firm’s revenue was up 157.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

Insider Activity

In other Credo Technology Group news, COO Yat Tung Lam sold 55,441 shares of the business’s stock in a transaction 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. The trade was a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00. Following the completion of the sale, the chief technology officer owned 5,882,370 shares of the company’s stock, valued at $1,429,768,852.20. The trade was a 0.47% 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 quarter, insiders have sold 435,076 shares of company stock valued at $101,043,506. 11.84% of the stock is currently owned by company 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.