Castle Rock Wealth Management LLC Takes Position in Credo Technology Group Holding Ltd. $CRDO

Posted by Francis Steltz on Aug 7th, 2026

Castle Rock Wealth Management LLC bought a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,424 shares of the company’s stock, valued at approximately $1,923,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Reflection Asset Management acquired a new position in Credo Technology Group during the 4th quarter valued at about $25,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Credo Technology Group in the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Credo Technology Group in the fourth quarter worth approximately $32,000. AlphaCentric Advisors LLC bought a new position in shares of Credo Technology Group in the first quarter valued at approximately $33,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Credo Technology Group during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRDO shares. Roth Capital upped their price target on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Stifel Nicolaus lifted their price objective on shares of Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Jefferies Financial Group upped their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Rothschild & Co Redburn initiated coverage on shares of Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 target price for the company. Finally, Evercore assumed coverage on shares of Credo Technology Group in a report on Monday, June 22nd. They set an “outperform” rating and a $325.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.17.

Read Our Latest Stock Analysis on Credo Technology Group

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $230.43 on Friday. The firm has a market cap of $42.97 billion, a price-to-earnings ratio of 92.92, a P/E/G ratio of 1.03 and a beta of 3.23. Credo Technology Group Holding Ltd. has a 52 week low of $86.49 and a 52 week high of $308.67. The firm’s 50-day simple moving average is $237.16 and its two-hundred day simple moving average is $174.01.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The firm had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s revenue was up 157.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. Analysts forecast that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current year.

Key Credo Technology Group News

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

Positive Sentiment: Credo is being highlighted as a high-growth AI photonics and connectivity beneficiary. Analysts point to rising demand for optical interconnects, an expanding product portfolio and bullish revenue expectations as potential catalysts for continued growth. Buy These 2 High-Flying AI-Led Photonics Stocks With More Room to Grow
Positive Sentiment: The Federal Communications Commission is reportedly considering restrictions on imports of new Chinese optical transceivers. Because China controls more than half of the global transceiver market, potential limits could tighten supply and improve the competitive positioning of U.S.-linked optical and interconnect suppliers such as Credo. The Trump Administration Could Soon Create the Mother of All AI Bottlenecks
Positive Sentiment: Credo showcased new interconnect solutions for AI memory and storage at Flash Memory Summit 2026. The products are aimed at data-center scale requirements and could benefit from continued spending on AI servers, high-bandwidth memory and storage infrastructure. Credo Technology Group Holding Showcased AI Interconnects
Neutral Sentiment: Credo recently delivered a substantial earnings beat, with quarterly revenue up 157% year over year and earnings per share exceeding consensus estimates. The results support the growth narrative, but the stock trades at an elevated earnings multiple, leaving less room for execution disappointments. Price Prediction: Credo Will Trade at This Price in 2030
Negative Sentiment: Zacks Research downgraded Credo from “strong buy” to “hold,” reflecting caution after the stock’s substantial rally and concerns that its valuation may already price in significant AI-driven growth. Zacks
Negative Sentiment: CTO Chi Fung Cheng sold 27,473 shares worth approximately $5.8 million under a pre-arranged Rule 10b5-1 trading plan. The sale represents only a small fraction of his remaining holdings, but adds to a pattern of insider profit-taking that may weigh on sentiment. Chi Fung Cheng Sells Shares of Credo Technology Group

Insiders Place Their Bets

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,473 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.53, for a total value of $5,756,417.69. Following the completion of the sale, the chief technology officer directly owned 5,772,397 shares of the company’s stock, valued at $1,209,490,343.41. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 7,580 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $245.88, for a total value of $1,863,770.40. Following the transaction, the chief financial officer directly owned 504,708 shares in the company, valued at $124,097,603.04. This represents a 1.48% 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 sold 435,076 shares of company stock valued at $101,043,506 over the last ninety days. 11.84% of the stock is currently owned by insiders.

Credo Technology Group Profile

(Free Report)

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.