Geneos Wealth Management Inc. Sells 8,513 Shares of Credo Technology Group Holding Ltd. $CRDO

Key Points

• Geneos Wealth Management trimmed its stake in Credo by 39.8%, selling 8,513 shares and leaving 12,900 shares valued at $1.856 million at the end of the quarter.
• Credo posted strong results — $1.07 EPS vs. $0.78 estimate and $407.0M revenue vs. $385.9M estimate, with a 31.8% net margin and revenue up 201.5% YoY — the stock has a consensus rating of Moderate Buy and a $207.81 target.
• Institutional ownership is high at 80.46% with major buyers like Goldman Sachs (adding 589,151 shares), but insiders sold 428,999 shares (~$52.95M) in the past 90 days while still owning 11.84% of the company.

Geneos Wealth Management Inc. trimmed its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,900 shares of the company's stock after selling 8,513 shares during the period. Geneos Wealth Management Inc.'s holdings in Credo Technology Group were worth $1,856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CRDO. NewEdge Advisors LLC raised its stake in shares of Credo Technology Group by 128.4% during the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company's stock worth $284,000 after buying an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company's stock worth $61,235,000 after buying an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Credo Technology Group by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company's stock worth $12,480,000 after buying an additional 7,107 shares during the last quarter. CW Advisors LLC bought a new stake in shares of Credo Technology Group during the second quarter worth approximately $288,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Credo Technology Group by 198.2% during the second quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company's stock worth $46,000 after buying an additional 333 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

Credo Technology Group Price Performance

Shares of NASDAQ:CRDO opened at $195.04 on Monday. The company has a market capitalization of $35.98 billion, a price-to-earnings ratio of 108.36 and a beta of 2.72. The firm's 50 day simple moving average is $122.15 and its 200 day simple moving average is $138.60. Credo Technology Group Holding Ltd. has a fifty-two week low of $40.17 and a fifty-two week high of $213.80.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Craig Hallum reissued a "buy" rating and set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Mizuho cut their price target on shares of Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. Weiss Ratings downgraded shares of Credo Technology Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday. Barclays reiterated an "overweight" rating and issued a $260.00 price target on shares of Credo Technology Group in a research report on Thursday, January 15th. Finally, Zacks Research downgraded shares of Credo Technology Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. One investment 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.81.

Trending Headlines about Credo Technology Group

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

Insider Activity

In other Credo Technology Group news, CEO William Joseph Brennan sold 6,149 shares of the firm's stock in a transaction that occurred 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James Laufman sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $164.41, for a total transaction of $1,644,100.00. Following the sale, the insider owned 198,609 shares in the company, valued at $32,653,305.69. This trade represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 428,999 shares of company stock worth $52,946,445. Corporate insiders own 11.84% of the company's stock.

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.

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