Stratos Wealth Partners LTD. Has $11.13 Million Stock Holdings in Credo Technology Group Holding Ltd. $CRDO

Stratos Wealth Partners LTD. raised its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 61.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,463 shares of the company’s stock after buying an additional 29,245 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Credo Technology Group were worth $11,134,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new position in shares of Credo Technology Group during the third quarter valued at about $25,000. First Horizon Corp acquired a new position in Credo Technology Group during the 3rd quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its holdings in Credo Technology Group by 133.6% in the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after acquiring an additional 147 shares in the last quarter. Park Place Capital Corp bought a new position in Credo Technology Group in the third quarter worth approximately $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Credo Technology Group in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Insider Activity

In other news, CFO Daniel W. Fleming sold 3,902 shares of the business’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $140.15, for a total transaction of $546,865.30. Following the completion of the transaction, the chief financial officer owned 446,178 shares of the company’s stock, valued at approximately $62,531,846.70. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sylvia Acevedo sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $159.18, for a total transaction of $350,196.00. Following the completion of the transaction, the director owned 18,545 shares in the company, valued at approximately $2,951,993.10. This trade represents a 10.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 917,976 shares of company stock worth $136,567,647. Company insiders own 11.84% of the company’s stock.

More Credo Technology Group News

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

• Positive Sentiment: Preliminary Q3 revenue beat and raised outlook — Credo disclosed preliminary Q3 results that materially beat prior guidance and the company has pushed its fiscal outlook much higher, pointing to multi‑hundred percent revenue growth driven by AI/data‑center demand. Credo Technology (CRDO) Climbs 9% as Firm Eyes ‘More-Than-Triple’ Revenue Growth in Next 2 Years
• Positive Sentiment: Analyst support and upgrades — Needham reaffirmed a Buy and set a $220 price target; several research pieces (including upgrades on Seeking Alpha and Zacks coverage) have turned more constructive, citing accelerating AI-related demand and improving margins. Needham Buy Rating / Benzinga
• Neutral Sentiment: High trading volume and volatility — Trading volume has been well above average during the move, amplifying intraday swings and making timing riskier for short‑term traders. CRDO Soars 9.2%: Is Further Upside Left?
• Neutral Sentiment: Short-interest reports appear meaningless/noisy — recent entries show “large increase” text but report 0 shares (NaN changes) and a 0.0 days‑to‑cover figure; this looks like a data/reporting artifact rather than a true short squeeze signal. (No actionable short‑interest read provided.)
• Negative Sentiment: Profit‑taking and valuation pressure — after the rapid run, some analysts and market participants note that much of the positive news is already priced in and the stock’s elevated multiples raise the risk of pullbacks, which helps explain today’s decline. CRDO Up on Preliminary Q3 Revenue Beat: What it Signals

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CRDO shares. Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Bank of America boosted their price target on shares of Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Wolfe Research set a $240.00 price objective on shares of Credo Technology Group in a report on Tuesday, December 2nd. Barclays reiterated an “overweight” rating and set a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. Finally, KGI Securities raised shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 target price for the company in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $212.69.

Credo Technology Group Price Performance

NASDAQ CRDO opened at $128.40 on Thursday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The stock has a market capitalization of $23.19 billion, a PE ratio of 112.63 and a beta of 2.65. The company’s 50 day simple moving average is $141.79 and its two-hundred day simple moving average is $142.82.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. During the same period in the previous year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 272.1% on a year-over-year basis. On average, research analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

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.