7,365 Shares in Credo Technology Group Holding Ltd. $CRDO Acquired by Dupree Financial Group LLC

Key Points

• Dupree Financial Group disclosed a new Q4 position in Credo Technology Group of 7,365 shares valued at about $1.06 million, and institutional investors now own roughly 80.46% of the stock.
• Credo reported strong Q3 FY2026 results (revenue ~$407M, EPS $1.07 vs. $0.78 estimate, ~68.6% gross margin and ~ $140M FCF), and Wall Street sentiment is largely positive with a consensus "Moderate Buy" and an average price target near $207.81.
• Management is pursuing strategic expansion into optics—advancing a proposed acquisition of DustPhotonics and launching the OmniConnect "Weaver" platform and 224G PAM4 SerDes IP to target AI data‑center connectivity, but recent insider selling and valuation/execution concerns have drawn some analyst caution.

Dupree Financial Group LLC acquired a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,365 shares of the company's stock, valued at approximately $1,060,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp bought a new position in Credo Technology Group in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC boosted its holdings in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company's stock worth $25,000 after buying an additional 106 shares during the period. First Horizon Corp bought a new position in Credo Technology Group in the 3rd quarter worth approximately $26,000. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group in the 4th quarter worth approximately $32,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in Credo Technology Group in the 4th quarter worth approximately $36,000. 80.46% of the stock is owned by institutional investors.

Credo Technology Group News Roundup

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

• Positive Sentiment: Strong recent results and margin/FCF beat reinforce a premium growth narrative (Q3 FY2026 sales ~$407M, ~68.6% gross margin, ~$140M FCF) and underpin bullish analyst commentary. Credo: Optical Expansion Unlocks Next Leg Higher
• Positive Sentiment: Credo advanced a proposed acquisition of silicon-photonics specialist DustPhotonics and unveiled its OmniConnect “Weaver” solution plus 224G PAM4 SerDes IP — moves that expand the company into optics and vertical integration for AI data-center connectivity. Credo (CRDO) Is Up 12.6% After DustPhotonics Deal And New AI Connectivity Platform Push
• Positive Sentiment: Product and partnership visibility at TSMC’s 2026 Technology Symposium (Santa Clara) highlights Credo’s go-to-market for next‑gen AI infrastructure, supporting demand hopes from hyperscalers. Credo to Highlight Next-Generation Connectivity Solutions for AI Infrastructure at TSMC 2026 Technology Symposium
• Positive Sentiment: Broader semiconductor/AI tailwinds are lifting names like Credo, and industry commentary (Zacks) includes CRDO among beneficiaries of rising AI/ML and data‑center spending. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Neutral Sentiment: Market commentary (MarketBeat) highlights CRDO as a strong chip-stock performer in the current market rally, reinforcing investor interest but not adding new fundamentals. Credo Technology Group (CRDO) MarketBeat Page
• Neutral Sentiment: Broad TV/market mentions (e.g., Jim Cramer coverage rounds) increase awareness but are not CRDO‑specific catalysts. Cramer Names 'The Stocks That Got Away'
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares (~$5.17M) on April 22 under a pre-arranged Rule 10b5-1 plan (represents a small ~0.45% reduction). While the sale is likely scheduled, some investors view insider sales as a short‑term negative signal. SEC Form 4 - Chi Fung Cheng
• Negative Sentiment: Contrarian/valuation concerns persist in some analyst pieces that warn CRDO’s run-up and premium multiples leave execution and integration risk if optics roll‑out or DustPhotonics integration falter. The Contrarian View On Credo Technology

Credo Technology Group Price Performance

NASDAQ CRDO opened at $195.04 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $40.17 and a 1 year high of $213.80. The stock has a market capitalization of $35.98 billion, a PE ratio of 108.36 and a beta of 2.72. The company's 50 day simple moving average is $122.15 and its two-hundred day simple moving average is $138.66.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business had revenue of $407.01 million for the quarter, compared to analysts' expectations of $385.94 million. During the same period in the prior year, the company posted $0.25 EPS. The business's revenue for the quarter was up 201.5% compared to the same quarter last year. On average, research analysts anticipate that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Credo Technology Group from $150.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Rosenblatt Securities raised their price objective on shares of Credo Technology Group from $125.00 to $175.00 and gave the stock a "neutral" rating in a report on Wednesday, April 15th. Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Barclays reaffirmed an "overweight" rating and issued a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. Finally, Mizuho lowered their target price on shares of Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 3rd. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $207.81.

Insiders Place Their Bets

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $188.02, for a total value of $5,170,550.00. Following the sale, the chief technology officer directly owned 6,079,870 shares in the company, valued at $1,143,137,157.40. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 6,149 shares of the firm's stock in a transaction on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total transaction of $623,816.05. Following the sale, the chief executive officer owned 222,311 shares in the company, valued at approximately $22,553,450.95. This trade represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 428,999 shares of company stock worth $52,946,445. Company insiders own 11.84% of the company's stock.

Credo Technology Group Profile

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.

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