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

Q Fund Management Hong Kong Ltd purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 46,110 shares of the company’s stock, valued at approximately $8,982,000. Credo Technology Group accounts for approximately 8.1% of Q Fund Management Hong Kong Ltd’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its stake in shares of Credo Technology Group by 239,024.5% in the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after acquiring an additional 3,597,318 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Credo Technology Group by 13.7% during the second quarter. Bank of America Corp DE now owns 2,182,764 shares of the company’s stock worth $593,603,000 after acquiring an additional 262,479 shares in the last quarter. Atreides Management LP boosted its position in Credo Technology Group by 3.5% during the second quarter. Atreides Management LP now owns 1,129,285 shares of the company’s stock valued at $307,109,000 after purchasing an additional 38,052 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Credo Technology Group by 192.1% during the first quarter. The Manufacturers Life Insurance Company now owns 1,047,084 shares of the company’s stock valued at $98,290,000 after purchasing an additional 688,596 shares during the last quarter. Finally, H&H International Investment LLC grew its stake in Credo Technology Group by 431.6% in the first quarter. H&H International Investment LLC now owns 751,200 shares of the company’s stock valued at $70,515,000 after purchasing an additional 609,900 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Daniel Fleming sold 7,580 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $212.91, for a total transaction of $1,613,857.80. Following the completion of the sale, the chief financial officer owned 492,208 shares in the company, valued at approximately $104,796,005.28. This represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Lam sold 50,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $205.22, for a total value of $10,261,000.00. Following the transaction, the chief operating officer directly owned 2,254,169 shares in the company, valued at approximately $462,600,562.18. This represents a 2.17% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 435,956 shares of company stock valued at $88,625,986. 9.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRDO has been the topic of several research reports. Bank of America dropped their target price on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. TD Cowen lifted their price target on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. reduced their price target on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Wall Street Zen cut Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Stifel Nicolaus lowered their price target on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Credo Technology Group presently has an average rating of “Moderate Buy” and a consensus target price of $262.67.

Credo Technology Group Trading Down 1.3%

CRDO stock opened at $198.31 on Wednesday. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The company has a fifty day simple moving average of $207.99 and a 200 day simple moving average of $203.90. The firm has a market cap of $37.27 billion, a PE ratio of 67.85, a PEG ratio of 0.80 and a beta of 3.25.

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

More Credo Technology Group News

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.

Credo Technology Group Profile

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.