Credo Technology Group Holding Ltd. $CRDO Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp trimmed its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 95.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189 shares of the company’s stock after selling 4,091 shares during the period. Toth Financial Advisory Corp’s holdings in Credo Technology Group were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRDO. Orion Capital Management LLC acquired a new position in Credo Technology Group during the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new stake in shares of Credo Technology Group in the third quarter worth $33,000. Reflection Asset Management acquired a new stake in shares of Credo Technology Group in the fourth quarter worth $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of Credo Technology Group by 292.9% during the 3rd quarter. Elevation Wealth Partners LLC now owns 275 shares of the company’s stock worth $54,000 after buying an additional 205 shares during the period. Finally, AlphaCentric Advisors LLC bought a new stake in shares of Credo Technology Group during the 1st quarter worth $33,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CEO William Brennan sold 16,672 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $151.88, for a total value of $2,532,143.36. Following the completion of the sale, the chief executive officer owned 1,600,830 shares in the company, valued at approximately $243,134,060.40. This trade represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $221.48, for a total value of $6,090,700.00. Following the sale, the chief technology officer directly owned 5,634,897 shares in the company, valued at $1,248,016,987.56. The trade was a 0.49% 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. Insiders sold 428,376 shares of company stock valued at $87,012,128 in the last ninety days. 9.06% of the stock is owned by corporate insiders.

Credo Technology Group Price Performance

NASDAQ:CRDO opened at $216.55 on Friday. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The company has a fifty day moving average price of $209.13 and a 200 day moving average price of $201.85. The stock has a market cap of $40.70 billion, a P/E ratio of 77.06, a PEG ratio of 0.84 and a beta of 3.25.

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

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: AI connectivity demand remains the central growth catalyst. A recent investment outlook argues that Credo’s connectivity solutions are benefiting from rapid AI infrastructure spending and could support substantial revenue and earnings growth through 2029. Prediction: $5,000 Invested in Credo Technology Could Be Worth This Much by 2029
• Positive Sentiment: Credo is showcasing a broad AI networking portfolio at the 2026 OCP Global Summit. The company plans to highlight connectivity products for both scale-out and scale-up AI fabrics, reinforcing its positioning as a supplier to data-center and accelerator networks. Credo to Showcase Broad Portfolio of Connectivity Solutions for AI Scale-Out and Scale-Up Fabrics at 2026 OCP Global Summit
• Positive Sentiment: Retimers and optical connectivity are emerging as additional growth opportunities. Recent coverage says Credo’s retimer business is gaining momentum as AI data-center deployments expand. Its participation in the Open CPX MSA could also help it collaborate on interoperable near-package and co-packaged optical technologies. CRDO’s Retimer Business Gains Steam: Can the Momentum Continue?
• Neutral Sentiment: Recent operating results provide support, but expectations are elevated. Credo’s latest reported revenue increased 114.7% year over year to $479 million, exceeding estimates, while EPS also topped expectations. Analysts maintain a Moderate Buy consensus with an average price target of $262.67, but the high valuation and elevated beta leave the stock sensitive to any slowdown in AI spending or execution.
• Negative Sentiment: Insider selling is a modest sentiment headwind. CTO Chi Cheng sold $6.1 million of CRDO stock, following several earlier sales. However, the transaction was conducted under a pre-arranged Rule 10b5-1 plan and was intended to cover tax withholding on vested equity awards, reducing its significance as a bearish signal. Credo Technology Group CTO Sells $6,090,700.00 in Stock

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CRDO shares. Evercore set a $292.00 target price on shares of Credo Technology Group in a report on Wednesday, September 2nd. JPMorgan Chase & Co. decreased their price target on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Mizuho lowered their price target on Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a research report on Monday, September 21st. Barclays lifted their price objective on Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Rosenblatt Securities boosted their price objective on Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $262.67.

Credo Technology Group Company 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.