<div id="readability-page-1"><p>Stratos Wealth Partners LTD. lifted its holdings in  Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 246.3% in the second quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The fund owned 47,218 shares of the company's stock after buying an additional 33,584 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Credo Technology Group were worth $4,372,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Credo Technology Group</strong> alerts:</span></p></div><ul><li>3 Under-the-Radar Stocks Set to Benefit From Oracle’s Boom</li></ul><p>Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Operose Advisors LLC increased its position in  Credo Technology Group by 69.2% in the 1st quarter. Operose Advisors LLC now owns 616 shares of the company's stock valued at $25,000 after acquiring an additional 252 shares in the last quarter.  Northwestern Mutual Wealth Management Co. acquired a new stake in shares of  Credo Technology Group in the first quarter valued at approximately $25,000.  Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of  Credo Technology Group in the first quarter valued at approximately $27,000.  Harbour Investments Inc. bought a new position in  Credo Technology Group in the 1st quarter worth approximately $29,000.  Finally, Virtus Advisers LLC bought a new position in  Credo Technology Group in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own  80.46% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several equities research analysts have recently commented on the company. TD Cowen initiated coverage on Credo Technology Group in a research note on Wednesday, October 1st. They issued a &#34;buy&#34; rating and a $170.00 target price for the company. Stifel Nicolaus  set a $160.00 price target on Credo Technology Group in a report on Wednesday, October 1st. Needham &amp; Company LLC lifted their price objective on Credo Technology Group from $85.00 to $150.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, September 4th. Barclays  restated an &#34;overweight&#34; rating and set a $165.00 target price on shares of Credo Technology Group in a research report on Tuesday, October 7th. Finally, Cowen  reaffirmed a &#34;buy&#34; rating on shares of Credo Technology Group in a research note on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one  has issued  a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of &#34;Buy&#34; and a consensus target price of $131.58.</p><ul><li>A New All-Time High Is Coming Soon for Credo Technology Group</li></ul><p><b>Check Out Our Latest Stock Analysis on Credo Technology Group</b></p><h2>Credo Technology Group Trading Up 5.2%</h2><p>NASDAQ:CRDO opened at $143.61 on Friday. Credo Technology Group Holding Ltd. has a 1-year low of $29.09 and a 1-year high of $176.70. The firm has a market capitalization of $24.84 billion, a price-to-earnings ratio of 214.34 and a beta of 2.60. The business's 50-day moving average price is $138.80 and its two-hundred day moving average price is $95.10. </p><ul><li>Credo Technology Stock is Rebounding </li></ul><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. The company had revenue of $223.07 million during the quarter, compared to the consensus estimate of $190.63 million. During the same period last year, the company earned $0.04 earnings per share. The business's revenue was up 273.6% compared to the same quarter last year.  Credo Technology Group has set its Q2 2026 guidance at  EPS. Sell-side analysts predict that  Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year. </p><h2>Insider Buying and Selling</h2><p>In related news, Director Pantas Sutardja sold 4,408 shares of the firm's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $147.41, for a total transaction of $649,783.28. Following the sale, the director owned 5,894,244 shares of the company's stock, valued at approximately $868,870,508.04. This trade represents a 0.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Manpreet Khaira sold 5,000 shares of Credo Technology Group stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $149.67, for a total value of $748,350.00. Following the transaction, the director owned 58,574 shares in the company, valued at approximately $8,766,770.58. This represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,006,589 shares of company stock valued at $135,192,863. 11.84% of the stock is owned by company insiders. </p><h2>About Credo Technology Group</h2> (Free Report)<p>Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>Johnson &amp; Johnson's M&amp;A Strategy Is the Real Story for Investors</li><li>3 Stocks to Consider Buying in October</li><li>Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?</li><li>With Risk Tolerance, One Size Does Not Fit All</li><li>Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?</li></ul><p><strong>Want to see what other hedge funds are holding CRDO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JETw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q1JETw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Credo Technology Group Right Now?</h2><p>Before you consider Credo Technology Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credo Technology Group wasn't on the list.</p><p>While Credo Technology Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CRDO

<p>Stratos Wealth Partners LTD. increased its stake in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 246.3% in Q2, acquiring an additional 33,584 shares, bringing its total to 47,218 shares valued at $4.37 million. Other institutional investors also raised their stakes. Analysts have set a consensus target price of $131.58 for the stock, which has a current price of $143.61. Credo reported a revenue increase of 273.6% year-over-year, despite missing EPS estimates. Insider trading activity included sales by directors, indicating ongoing market interest.</p>

Stratos Wealth Partners LTD. Acquires 33,584 Shares of Credo Technology Group Holding Ltd. $CRDO