46,110 Shares of Credo Technology Group Holding Ltd. $CRDO Bought by Q Fund Management Hong Kong Ltd

Q Fund Management Hong Kong Ltd bought a new stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 46,110 shares of the company’s stock, valued at approximately $8,982,000. Credo Technology Group makes up 8.1% of Q Fund Management Hong Kong Ltd’s holdings, making the stock its 5th biggest position.

A number of other hedge funds have also recently bought and sold shares of the company. Krilogy Financial LLC lifted its holdings in Credo Technology Group by 8.7% in the 3rd quarter. Krilogy Financial LLC now owns 1,136 shares of the company’s stock valued at $228,000 after acquiring an additional 91 shares during the last quarter. Ring Mountain Capital LLC boosted its position in shares of Credo Technology Group by 31.3% during the 3rd quarter. Ring Mountain Capital LLC now owns 1,271 shares of the company’s stock valued at $248,000 after purchasing an additional 303 shares in the last quarter. Steel Grove Capital Advisors LLC grew its stake in shares of Credo Technology Group by 33.7% in the 3rd quarter. Steel Grove Capital Advisors LLC now owns 6,327 shares of the company’s stock worth $1,232,000 after purchasing an additional 1,594 shares during the last quarter. Kieckhefer Group LLC grew its stake in shares of Credo Technology Group by 74.1% in the 3rd quarter. Kieckhefer Group LLC now owns 27,780 shares of the company’s stock worth $5,411,000 after purchasing an additional 11,823 shares during the last quarter. Finally, Integrated Financial Solutions Inc. grew its stake in shares of Credo Technology Group by 145.3% in the 3rd quarter. Integrated Financial Solutions Inc. now owns 7,887 shares of the company’s stock worth $1,536,000 after purchasing an additional 4,672 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRDO has been the subject of several recent research reports. Susquehanna increased their target price on shares of Credo Technology Group from $235.00 to $250.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Evercore set a $292.00 target price on shares of Credo Technology Group in a report on Wednesday, September 2nd. Rosenblatt Securities lifted their price target on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Mizuho dropped their price target on Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a report on Monday, September 21st. Finally, Bank of America dropped their price target on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. One equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $262.67.

Insider Buying and Selling

In other news, CTO Chi Cheng sold 27,500 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total value of $5,310,800.00. Following the completion of the sale, the chief technology officer owned 5,689,897 shares in the company, valued at $1,098,832,908.64. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 55,441 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $213.02, for a total value of $11,810,041.82. Following the completion of the sale, the chief operating officer 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. 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. Insiders sold a total of 435,956 shares of company stock valued at $88,625,986 in the last ninety days. Company insiders own 9.06% of the company’s stock.

Credo Technology Group Trading Down 1.3%

CRDO stock opened at $198.31 on Wednesday. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The firm has a 50-day moving average of $207.99 and a two-hundred day moving average of $203.90. The firm has a market capitalization of $37.27 billion, a PE ratio of 67.85, a P/E/G ratio of 0.80 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The business had revenue of $479.00 million for the quarter, compared to the consensus estimate of $473.30 million. During the same period last year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 114.7% compared to the same quarter last year. On average, equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo unveiled its 1.6T ZeroFlap Active Light Cable, designed for AI data centers with lower power consumption, greater reliability and longer reach. The product could expand Credo’s opportunity as data-center bandwidth demand increases. Credo unveils 1.6T ZeroFlap Active Light Cable
• Positive Sentiment: The company launched an OCP Community workstream to standardize Short-Reach Micro-Emitter Optics, potentially creating a longer-term growth channel if specifications gain industry approval and adoption. Credo launches SRMO standardization
• Positive Sentiment: Credo’s latest reported quarter showed revenue of $479 million, up 114.7% year over year, while earnings exceeded analyst expectations. This growth has helped the company increasingly justify its historically high valuation. Analysts maintain a consensus “Moderate Buy” rating with an average target of $262.67.
• Neutral Sentiment: Investors are questioning whether Credo can sustain its rapid growth. The stock’s forward valuation has improved, but it remains elevated and the business relies heavily on two customers, creating concentration and execution risks. Credo grew into its valuation
• Negative Sentiment: CRDO fell alongside peer Astera Labs during a broader AI-stock pullback. Reports found no clear company-specific deterioration, suggesting profit-taking and high-growth-stock volatility were key factors. Does the drop in Credo stock change anything?
• Negative Sentiment: CFO Daniel Fleming sold 7,580 shares for approximately $1.6 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 1.52%, and he still owns roughly 492,208 shares, limiting its significance but adding modest sentiment pressure.

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.