Capelight Capital Asset Management LP Invests $1.58 Million in Credo Technology Group Holding Ltd. $CRDO

Capelight Capital Asset Management LP bought a new position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 11,000 shares of the company’s stock, valued at approximately $1,583,000. Credo Technology Group comprises approximately 1.3% of Capelight Capital Asset Management LP’s portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Savant Capital LLC grew its stake in shares of Credo Technology Group by 0.7% in the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock worth $1,444,000 after acquiring an additional 68 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Credo Technology Group by 16.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after acquiring an additional 77 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Credo Technology Group by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock worth $2,298,000 after acquiring an additional 91 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Credo Technology Group by 18.0% in the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock worth $97,000 after acquiring an additional 101 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its stake in shares of Credo Technology Group by 6.6% in the 4th quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company’s stock worth $243,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CRDO has been the subject of several recent analyst reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $125.00 target price on shares of Credo Technology Group in a research note on Monday, March 23rd. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Barclays reiterated an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a research note on Thursday, January 15th. Jefferies Financial Group initiated coverage on shares of Credo Technology Group in a research note on Monday. They issued a “buy” rating and a $175.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $204.38.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 30,000 shares of the company’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $136.33, for a total transaction of $4,089,900.00. Following the sale, the chief technology officer directly owned 6,327,370 shares of the company’s stock, valued at $862,610,352.10. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the sale, the chief executive officer directly owned 1,782,502 shares in the company, valued at approximately $209,764,835.36. This trade represents a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 416,419 shares of company stock worth $49,395,410 over the last three months. 11.84% of the stock is owned by insiders.

Credo Technology Group Stock Performance

Shares of NASDAQ:CRDO opened at $159.37 on Wednesday. The company’s 50-day moving average is $112.56 and its 200 day moving average is $136.82. The company has a market capitalization of $29.40 billion, a P/E ratio of 88.54 and a beta of 2.72. Credo Technology Group Holding Ltd. has a fifty-two week low of $33.04 and a fifty-two week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million for the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm’s quarterly revenue was up 201.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. As a group, research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 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: Announced acquisition of DustPhotonics (~$750M) to add silicon‑photonic optical transceiver technology and expand Credo’s addressable market in AI/data‑center connectivity — the deal is being framed as a strategic move to diversify product mix and accelerate growth. Credo Agrees to Acquire DustPhotonics
• Positive Sentiment: Jefferies initiated coverage with a Buy and $175 target, arguing investors may be underestimating Credo’s long‑term AI opportunity — this fresh institutional endorsement has contributed to the rally. Credo jumps 11% as Jefferies backs copper tech in AI boom debate
• Positive Sentiment: Large options flow — unusually high call‑option buying was reported, indicating speculative and hedged bullish positioning that can amplify intraday moves and reflect investor conviction. Options activity
• Neutral Sentiment: Management/analysts are hosting an M&A call (transcript available) to outline deal rationale, synergies and integration plan — investors will look to these details for guidance on timing and expected financial impact. M&A Call Transcript
• Neutral Sentiment: Broader market tailwinds (Nasdaq strength after inflation data) have supported semiconductor and AI‑related names, helping Credo join a sectorwide advance. Stock Market Today: Nasdaq Leads After Inflation Report
• Negative Sentiment: Insider sale: CTO Chi Fung Cheng sold 27,500 shares under a pre‑arranged Rule 10b5‑1 plan (disclosed to the SEC). The sale is modest relative to his remaining holdings but may be parsed by some investors as a near‑term liquidity event. Insider sale disclosure

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.