<div id="readability-page-1"><p>PNC Financial Services Group Inc. decreased its stake in shares of  Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 13.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,728 shares of the company's stock after selling 2,093 shares during the period. PNC Financial Services Group Inc.'s holdings in Credo Technology Group were worth $1,271,000 as of its most recent filing with the SEC.</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 large investors have also recently bought and sold shares of the company. Ethic Inc. boosted its stake in  Credo Technology Group by 35.5% in the 2nd quarter. Ethic Inc. now owns 7,142 shares of the company's stock valued at $668,000 after purchasing an additional 1,873 shares during the period.  Realta Investment Advisors bought a new position in  Credo Technology Group during the 2nd quarter worth $300,000.  Convergence Investment Partners LLC acquired a new stake in shares of  Credo Technology Group during the second quarter worth $2,577,000.  Farther Finance Advisors LLC lifted its holdings in shares of  Credo Technology Group by 850.6% during the second quarter. Farther Finance Advisors LLC now owns 4,135 shares of the company's stock worth $383,000 after buying an additional 3,700 shares in the last quarter.  Finally, US Bancorp DE boosted its position in shares of  Credo Technology Group by 61.7% in the second quarter. US Bancorp DE now owns 6,422 shares of the company's stock valued at $595,000 after acquiring an additional 2,451 shares during the period. 80.46% of the stock is owned by institutional investors. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts recently commented on CRDO shares. Susquehanna raised their price target on shares of Credo Technology Group from $165.00 to $175.00 and gave the stock a &#34;positive&#34; rating in a research report on Wednesday, October 22nd. Cowen  reaffirmed a &#34;buy&#34; rating on shares of Credo Technology Group in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Credo Technology Group from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Sunday, September 28th. Stifel Nicolaus  set a $160.00 price target on Credo Technology Group in a research report on Wednesday, October 1st. Finally, TD Cowen initiated coverage on Credo Technology Group in a report on Wednesday, October 1st. They issued a &#34;buy&#34; rating and a $170.00 price objective for the company. One research analyst  has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued  a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $140.36.</p><ul><li>A New All-Time High Is Coming Soon for Credo Technology Group</li></ul><p><b>Get Our Latest Stock Analysis on Credo Technology Group</b></p><h2>Insiders Place Their Bets</h2><p>In other Credo Technology Group news, COO Yat Tung Lam sold 80,000 shares of Credo Technology Group stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $169.27, for a total value of $13,541,600.00. Following the transaction, the chief operating officer owned 770,000 shares in the company, valued at $130,337,900. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Manpreet Khaira sold 5,000 shares of the business's 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 directly owned 58,574 shares of the company's stock, valued at approximately $8,766,770.58. The trade was a 7.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 973,161 shares of company stock valued at $149,011,579 over the last ninety days. 11.84% of the stock is owned by insiders. </p><h2>Credo Technology Group Price Performance</h2><ul><li>Credo Technology Stock is Rebounding </li></ul><p>Shares of NASDAQ:CRDO opened at $134.73 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $193.50. The stock has a market capitalization of $23.31 billion, a price-to-earnings ratio of 201.09 and a beta of 2.62. The company's 50 day simple moving average is $153.42 and its 200 day simple moving average is $114.65. </p><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The business had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The firm's revenue for the quarter was up 273.6% on a year-over-year basis.  Credo Technology Group has set its Q2 2026 guidance at  EPS. As a group, analysts anticipate that  Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year. </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>What is Put Option Volume?</li><li>Datavault AI Just Raised Guidance by 400%—Are You Paying Attention?</li><li>How is Compound Interest Calculated?</li><li>Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop?</li><li>What is the Hang Seng index?  </li><li>Why Lithium Americas Could Be a 2030 Power Play—Not a 2025 One</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 reporting and unbiased coverage. 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 Moderate 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>PNC Financial Services reduced its stake in Credo Technology by 13.2% in Q2, owning shares worth $1.27 million. Analysts have given Credo a "Moderate Buy" rating with a price target of $140.36. Insiders sold shares worth $149 million recently. Credo's stock opened at $134.73, with a market cap of $23.31 billion and a 1-year high of $193.50.</p>

PNC Financial Services Group Inc. Has $1.27 Million Stock Holdings in Credo Technology Group Holding Ltd. $CRDO