Oak Ridge Investments LLC Decreases Stock Position in Credo Technology Group Holding Ltd. $CRDO

Key Points

• Oak Ridge Investments LLC cut its stake in Credo Technology Group by 32.2% in Q4, leaving it with 29,098 shares valued at $4.19 million, while institutional investors collectively own about 80.46% of the stock.
• Credo agreed to acquire DustPhotonics to accelerate expansion into silicon photonics and next‑generation optics for AI data centers, broadening its addressable market but adding execution risk.
• Analysts remain broadly positive — consensus rating Buy with an average price target of $204.38 — and Credo recently beat Q4 estimates (EPS $1.07 vs. $0.78 consensus; revenue $407.0M, up 201.5% year‑over‑year).

Oak Ridge Investments LLC decreased its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,098 shares of the company's stock after selling 13,812 shares during the quarter. Oak Ridge Investments LLC's holdings in Credo Technology Group were worth $4,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in Credo Technology Group by 34.4% in the 4th quarter. Assetmark Inc. now owns 2,654 shares of the company's stock valued at $382,000 after purchasing an additional 680 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in Credo Technology Group in the 4th quarter valued at about $307,000. Smallwood Wealth Investment Management LLC acquired a new position in Credo Technology Group in the 4th quarter valued at about $36,000. U.S. Capital Wealth Advisors LLC raised its stake in Credo Technology Group by 90.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 4,202 shares of the company's stock valued at $605,000 after purchasing an additional 2,001 shares during the last quarter. Finally, TT International Asset Management LTD acquired a new position in Credo Technology Group in the 4th quarter valued at about $403,000. Institutional investors and hedge funds own 80.46% of the company's stock.

Wall Street Analysts Forecast Growth

CRDO has been the subject of several analyst reports. 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. Rosenblatt Securities reissued a "neutral" rating and issued a $125.00 target price on shares of Credo Technology Group in a research note on Monday, March 23rd. Craig Hallum reissued a "buy" rating and issued a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Jefferies Financial Group assumed 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, Barclays reaffirmed an "overweight" rating and set a $260.00 price objective on shares of Credo Technology Group in a research note on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Credo Technology Group currently has a consensus rating of "Buy" and an average price target of $204.38.

Insider Buying and Selling at Credo Technology Group

In related news, CFO Daniel W. Fleming sold 2,460 shares of the stock in a transaction that occurred on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total transaction of $249,567.00. Following the completion of the sale, the chief financial officer owned 441,258 shares of the company's stock, valued at approximately $44,765,624.10. This represents a 0.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Yat Tung Lam sold 3,180 shares of the stock in a transaction that occurred on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $322,611.00. Following the sale, the chief operating officer directly owned 2,610,329 shares of the company's stock, valued at approximately $264,817,877.05. This trade represents a 0.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 388,919 shares of company stock worth $46,143,535 in the last quarter. Company insiders own 11.84% of the company's stock.

Credo Technology Group News Roundup

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Credo agreed to acquire DustPhotonics, accelerating its expansion into silicon photonics and next‑generation optical connectivity — this directly addresses a larger optics total‑addressable market and strengthens Credo’s product roadmap for AI data centers. Credo Acquires DustPhotonics
• Positive Sentiment: Jefferies initiated coverage with a Buy and a $175 price target, arguing investors may be underestimating Credo’s long‑term AI opportunity — the note helped trigger fresh buying and higher analyst visibility. Jefferies Initiates Coverage
• Positive Sentiment: Analysts and outlets are framing Credo as an underappreciated AI‑infrastructure play because its connectivity products (copper and now optics) plug directly into server and switch ecosystems — narrative shift supports multiple expansion scenarios if AI capex stays strong. Credo Seen as AI Play
• Positive Sentiment: Unusually large bullish options flow — about 29,633 call contracts traded Monday (roughly 27% above average), indicating speculative/hedged bets that shares will continue rising near‑term.
• Neutral Sentiment: Market commentators note Credo is moving to address a roughly $6 billion optics market; the move expands addressable revenue but execution and integration risk remain important near‑term considerations. Credo Taps $6B Optics Market
• Negative Sentiment: Industry debate persists over whether optics will fully displace copper in AI data centers; if optical solutions accelerate faster than Credo can execute, copper‑centric revenue could be pressured—this is the core risk investors are weighing. Optics Threat Debate

Credo Technology Group Stock Performance

CRDO opened at $134.36 on Tuesday. The firm has a 50 day moving average price of $111.60 and a 200 day moving average price of $136.70. The company has a market cap of $24.78 billion, a PE ratio of 74.64 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 1 year low of $33.04 and a 1 year high of $213.80.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.29. The firm had revenue of $407.01 million during 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 company's revenue was up 201.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Credo Technology Group Company 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.

Want to see what other hedge funds are holding CRDO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report).

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.