Dupree Financial Group LLC Buys 23,755 Shares of Credo Technology Group Holding Ltd. $CRDO

Key Points

• Dupree Financial Group acquired 23,755 Credo Technology shares worth approximately $4.6 million, making CRDO its 24th-largest holding. Institutional investors collectively own 80.46% of the company.
• Credo reported strong quarterly results, with revenue up 114.7% year over year to $479 million and EPS of $1.20, exceeding analyst expectations.
• Analysts maintain a Moderate Buy consensus with an average price target of $262.67, although CRDO’s elevated valuation and beta make it sensitive to any slowdown in AI infrastructure spending.

Dupree Financial Group LLC bought a new stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 23,755 shares of the company's stock, valued at approximately $4,627,000. Credo Technology Group makes up about 1.2% of Dupree Financial Group LLC's portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reflection Asset Management acquired a new stake in Credo Technology Group in the fourth quarter valued at about $25,000. Orion Capital Management LLC purchased a new stake in Credo Technology Group in the 2nd quarter valued at approximately $27,000. AlphaCentric Advisors LLC acquired a new position in Credo Technology Group during the 1st quarter worth approximately $33,000. Burkett Financial Services LLC acquired a new position in Credo Technology Group during the 3rd quarter worth approximately $33,000. Finally, Western Wealth Management LLC purchased a new position in shares of Credo Technology Group during the 1st quarter worth approximately $38,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group Trading Up 2.2%

CRDO stock opened at $216.55 on Friday. The firm has a 50 day moving average of $209.13 and a 200-day moving average of $201.85. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 77.06, a PEG ratio of 0.84 and a beta of 3.25. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CRDO shares. Susquehanna raised their price target on Credo Technology Group from $235.00 to $250.00 and gave the company a "positive" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. cut their price objective on Credo Technology Group from $335.00 to $310.00 and set an "overweight" rating for the company in a research report on Wednesday, September 2nd. Rosenblatt Securities increased 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. Evercore set a $292.00 target price on Credo Technology Group in a report on Wednesday, September 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Credo Technology Group from $350.00 to $310.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $262.67.

Credo Technology Group News Summary

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

Insider Transactions at Credo Technology Group

In other news, COO Yat Lam sold 50,000 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $205.22, for a total value of $10,261,000.00. Following the completion of the transaction, the chief operating officer owned 2,254,169 shares in the company, valued at $462,600,562.18. This trade represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, insider James Laufman sold 5,000 shares of Credo Technology Group stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $205.00, for a total value of $1,025,000.00. Following the transaction, the insider directly owned 164,223 shares of the company's stock, valued at $33,665,715. This trade represents a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 428,376 shares of company stock valued at $87,012,128 in the last three months. 9.06% of the stock is owned by company insiders.

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.

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