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

Key Points

• Capelight Capital bought 11,000 shares (~$1.58M) of Credo (NASDAQ:CRDO) in Q4, a new position that represents about 1.3% of the fund and comes amid heavy institutional ownership (~80.5%).
• Growth catalysts: Credo beat Q earnings (EPS $1.07 vs $0.78; revenue $407M, +201.5% YoY), is acquiring DustPhotonics for ~ $750M to expand into silicon‑photonics, and has seen fresh Buy coverage and elevated price targets.
• Insider activity may temper sentiment: executives (including the CTO) sold shares recently and insiders disposed of ~416,419 shares (~$49.4M) last quarter, though insiders still hold about 11.8% of the stock.

Capelight Capital Asset Management LP purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,000 shares of the company's stock, valued at approximately $1,583,000. Credo Technology Group makes up about 1.3% of Capelight Capital Asset Management LP's holdings, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRDO. Bank of America Corp DE raised its position in Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company's stock worth $331,710,000 after acquiring an additional 1,406,752 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in Credo Technology Group during the third quarter worth $183,553,000. Alliancebernstein L.P. raised its position in Credo Technology Group by 66.0% during the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company's stock worth $283,778,000 after acquiring an additional 1,218,504 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Credo Technology Group by 18.3% in the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company's stock valued at $1,121,118,000 after purchasing an additional 1,190,522 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Credo Technology Group by 2,537.7% during the 3rd quarter. Marshall Wace LLP now owns 1,150,000 shares of the company's stock worth $167,452,000 after buying an additional 1,106,401 shares during the last quarter. 80.46% of the stock is owned by institutional investors.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $159.37 on Wednesday. Credo Technology Group Holding Ltd. has a 52 week low of $33.04 and a 52 week high of $213.80. The firm has a market cap of $29.40 billion, a price-to-earnings ratio of 88.54 and a beta of 2.72. The firm's 50-day simple moving average is $112.56 and its 200 day simple moving average is $136.82.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same period last year, the firm earned $0.25 EPS. The business's quarterly revenue was up 201.5% compared to the same quarter last year. Sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insider Activity at Credo Technology Group

In other news, CFO Daniel W. Fleming sold 2,460 shares of the firm's stock in a transaction that occurred on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $249,567.00. Following the sale, the chief financial officer directly owned 441,258 shares in the company, valued at approximately $44,765,624.10. This trade represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the sale, the chief technology officer owned 6,134,870 shares in the company, valued at approximately $725,448,377.50. This represents a 0.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 416,419 shares of company stock valued at $49,395,410. 11.84% of the stock is currently owned by company insiders.

Key Stories Impacting Credo Technology Group

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CRDO shares. 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. Susquehanna cut their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a "positive" rating for the company in a research note on Tuesday, March 3rd. Jefferies Financial Group started coverage on shares of Credo Technology Group in a research note on Monday. They set a "buy" rating and a $175.00 target price for the company. Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the stock a "buy" rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $204.38.

Credo Technology Group Profile

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.

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