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

Posted by Geri Gentry on Oct 10th, 2026

Integrated Financial Solutions Inc. raised its stake in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) by 145.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 7,887 shares of the company’s stock after buying an additional 4,672 shares during the period. Credo Technology Group comprises about 0.8% of Integrated Financial Solutions Inc.’s portfolio, making the stock its 18th largest holding. Integrated Financial Solutions Inc.’s holdings in Credo Technology Group were worth $1,536,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CRDO. California State Teachers Retirement System raised its position in shares of Credo Technology Group by 2.2% in the first quarter. California State Teachers Retirement System now owns 240,886 shares of the company’s stock worth $22,612,000 after acquiring an additional 5,113 shares during the period. Corsair Capital Management L.P. purchased a new position in shares of Credo Technology Group in the 1st quarter valued at about $469,000. Lazard Asset Management LLC raised its holdings in Credo Technology Group by 55.6% in the 1st quarter. Lazard Asset Management LLC now owns 67,051 shares of the company’s stock worth $6,294,000 after purchasing an additional 23,949 shares during the period. Quantinno Capital Management LP grew its stake in Credo Technology Group by 68.4% in the 1st quarter. Quantinno Capital Management LP now owns 34,124 shares of the company’s stock valued at $3,203,000 after acquiring an additional 13,859 shares during the period. Finally, Estuary Capital Management LP grew its position in shares of Credo Technology Group by 87.4% in the first quarter. Estuary Capital Management LP now owns 412,227 shares of the company’s stock valued at $38,696,000 after purchasing an additional 192,218 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

Key Headlines 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 Stock Performance

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

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 EPS 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 company had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The firm’s revenue was up 114.7% compared to the same quarter last year. As a group, equities research analysts forecast that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Insider Buying and Selling at Credo Technology Group

In other news, COO Yat Lam sold 50,000 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $205.22, for a total transaction of $10,261,000.00. Following the sale, the chief operating officer owned 2,254,169 shares of the company’s stock, valued at approximately $462,600,562.18. This represents a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $205.00, for a total transaction of $1,025,000.00. Following the completion of the transaction, the insider directly owned 164,223 shares of the company’s stock, valued at approximately $33,665,715. The trade was a 2.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 428,376 shares of company stock valued at $87,012,128 over the last three months. 9.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRDO has been the subject of several research reports. Stifel Nicolaus dropped their price target on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Susquehanna raised their price target on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Barclays upped their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Bank of America reduced their target price on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. Finally, Evercore set a $292.00 price target on Credo Technology Group in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Credo Technology Group has an average rating of “Moderate Buy” and an average price target of $262.67.

Read Our Latest Stock Report on Credo Technology Group

Credo Technology Group Profile

(Free Report)

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.