Taylor Frigon Capital Management LLC Has $4.34 Million Position in Credo Technology Group Holding Ltd. $CRDO

Taylor Frigon Capital Management LLC lessened its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 29.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,131 shares of the company’s stock after selling 12,882 shares during the quarter. Credo Technology Group comprises about 2.2% of Taylor Frigon Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Taylor Frigon Capital Management LLC’s holdings in Credo Technology Group were worth $4,336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRDO. NewEdge Advisors LLC increased its holdings in shares of Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after acquiring an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Credo Technology Group by 2.3% in 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 acquiring an additional 7,107 shares in the last quarter. CW Advisors LLC bought a new stake in shares of Credo Technology Group in the second quarter worth about $288,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Credo Technology Group by 198.2% in the second quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $46,000 after acquiring an additional 333 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Major acquisition — Credo agreed to buy DustPhotonics (reported ~\$750M‑\$875M), adding silicon‑photonic optical transceiver tech that deepens its AI/data‑center exposure and could broaden revenue mix. Read More.
• Positive Sentiment: Broker support — Needham reaffirmed a Buy with a $220 target (large upside vs. recent levels), and Jefferies initiated/boosted coverage—both moves lend institutional credibility to the M&A/growth story. Read More.
• Positive Sentiment: Heavy call‑option buying — Unusually large call flows were reported, signaling speculative and hedged bullish positioning that can amplify intraday rallies. Read More.
• Neutral Sentiment: GHG disclosure — Credo published its FY2025 Greenhouse Gas report, increasing transparency on operational emissions (ESG item that supports longer‑term investor due diligence). Read More.
• Neutral Sentiment: M&A details forthcoming — Management hosted an M&A call/transcript is available; investors will be watching guidance on integration, expected synergies, timing and financing. Read More.
• Neutral Sentiment: Sector tailwinds — Broad Nasdaq/AI‑infrastructure strength has helped semiconductor/connectivity names like Credo alongside company‑specific news. Read More.
• Negative Sentiment: Insider selling — CTO Chi Fung Cheng executed Rule 10b5‑1 sales (recently disclosed), which some investors view as a modest near‑term liquidity event to monitor. Read More.
• Negative Sentiment: Analyst caution — Zacks trimmed its stance (from strong‑buy to hold), reflecting concerns that rapid gains and estimate revisions could limit near‑term upside for some investors. Read More.

Insider Buying and Selling

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the transaction, the chief executive officer owned 1,782,502 shares in the company, valued at $209,764,835.36. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Chi Fung Cheng sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $136.33, for a total value of $4,089,900.00. Following the transaction, the chief technology officer owned 6,327,370 shares in the company, valued at approximately $862,610,352.10. This trade represents a 0.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 386,419 shares of company stock worth $44,731,310. 11.84% of the stock is owned by corporate insiders.

Credo Technology Group Stock Performance

Shares of NASDAQ CRDO opened at $168.35 on Thursday. The stock has a 50 day moving average price of $113.99 and a 200 day moving average price of $137.04. Credo Technology Group Holding Ltd. has a 52 week low of $33.04 and a 52 week high of $213.80. The stock has a market capitalization of $31.05 billion, a PE ratio of 93.53 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was up 201.5% compared to the same quarter last year. As a group, research analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

CRDO has been the subject of several recent analyst reports. Susquehanna lowered their price target on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a report on Tuesday, March 3rd. Craig Hallum restated a “buy” rating and issued a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. Finally, Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.50.

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.