Integrated Financial Solutions Inc. Acquires 4,672 Shares of Credo Technology Group Holding Ltd. $CRDO

Key Points

• Integrated Financial Solutions increased its Credo Technology Group stake by 145.3% in the third quarter, acquiring 4,672 additional shares and bringing its holdings to 7,887 shares valued at $1.536 million. Institutional investors collectively own 80.46% of CRDO.
• Credo reported strong quarterly results, with revenue rising 114.7% year over year to $479 million and EPS of $1.20, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus and an average price target of $262.67.
• CRDO’s shares traded at $216.55, but the stock carries a high valuation and volatility, with a P/E ratio of 77.06 and beta of 3.25. Recent insider sales and mixed price-target revisions remain potential sentiment headwinds.

Integrated Financial Solutions Inc. lifted its holdings in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 145.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,887 shares of the company's stock after purchasing an additional 4,672 shares during the period. Credo Technology Group comprises 0.8% of Integrated Financial Solutions Inc.'s holdings, making the stock its 18th biggest position. Integrated Financial Solutions Inc.'s holdings in Credo Technology Group were worth $1,536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRDO. Reflection Asset Management bought a new position in Credo Technology Group in the fourth quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in Credo Technology Group during the 2nd quarter valued at $27,000. AlphaCentric Advisors LLC purchased a new position in shares of Credo Technology Group in the 1st quarter valued at $33,000. Burkett Financial Services LLC purchased a new position in shares of Credo Technology Group in the 3rd quarter valued at $33,000. Finally, Western Wealth Management LLC purchased a new position in shares of Credo Technology Group in the 1st quarter valued at $38,000. 80.46% of the stock is currently owned by institutional investors.

Credo Technology Group Price Performance

Shares of NASDAQ:CRDO opened at $216.55 on Friday. The business's 50-day moving average is $209.13 and its 200 day moving average is $201.85. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The firm has a market capitalization of $40.70 billion, a P/E ratio of 77.06, a P/E/G ratio of 0.84 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued 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. The business had revenue of $479.00 million for the quarter, compared to analyst estimates of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%. The company's revenue was up 114.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, analysts expect that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Insider Buying and Selling

In related news, COO Yat Lam sold 55,441 shares of the company's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $213.02, for a total value of $11,810,041.82. Following the transaction, the chief operating officer directly owned 2,529,169 shares of the company's stock, valued at $538,763,580.38. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Chi Cheng sold 27,500 shares of the firm's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total value of $5,310,800.00. Following the completion of the transaction, the chief technology officer owned 5,689,897 shares of the company's stock, valued at $1,098,832,908.64. This trade represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 428,376 shares of company stock worth $87,012,128 in the last 90 days. 9.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRDO. Evercore set a $292.00 price objective on Credo Technology Group in a research note on Wednesday, September 2nd. Weiss Ratings lowered Credo Technology Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. TD Cowen boosted their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, August 18th. Mizuho decreased their price target on shares of Credo Technology Group from $290.00 to $245.00 and set an "outperform" rating for the company in a research report on Monday, September 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Credo Technology Group from $335.00 to $310.00 and set an "overweight" rating on the stock in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $262.67.

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

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.

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