WT Asset Management Ltd Decreases Holdings in Credo Technology Group Holding Ltd. $CRDO

Key Points

• WT Asset Management trimmed its stake by 24.3% in Q4, selling 55,900 shares and now holding 174,500 CRDO shares worth about $25.1M (≈0.10% of the company), making it the fund's 28th largest holding.
• Credo reported a strong quarter (Q3 EPS $1.07 vs. $0.78 est.; revenue $407.0M, up 201.5% YoY), which helped lift the stock ~5.1%, though valuation is rich (PE ~108.4, market cap ~$36B).
• Significant insider selling amid strategic expansion: insiders sold 428,999 shares (~$52.95M) last quarter (including the CEO and CTO), even as Credo advances optics moves (DustPhotonics) and new OmniConnect products and maintains a consensus "Moderate Buy" target of ~$207.81.

WT Asset Management Ltd trimmed its holdings in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) by 24.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 174,500 shares of the company's stock after selling 55,900 shares during the period. Credo Technology Group accounts for about 1.0% of WT Asset Management Ltd's holdings, making the stock its 28th largest holding. WT Asset Management Ltd owned about 0.10% of Credo Technology Group worth $25,109,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Savant Capital LLC lifted its holdings in Credo Technology Group by 0.7% during the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company's stock worth $1,444,000 after buying an additional 68 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Credo Technology Group by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company's stock worth $80,000 after buying an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings 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 valued at $2,298,000 after purchasing an additional 91 shares during the last quarter. Versant Capital Management Inc lifted its holdings 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 valued at $97,000 after purchasing an additional 101 shares during the last quarter. Finally, Spirepoint Private Client LLC lifted its holdings 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 valued at $243,000 after purchasing an additional 105 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Stock Up 5.1%

Shares of CRDO stock opened at $195.04 on Friday. The stock has a market capitalization of $35.98 billion, a PE ratio of 108.36 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 52-week low of $40.17 and a 52-week high of $213.80. The stock's 50-day moving average price is $122.15 and its 200 day moving average price is $138.66.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million for the quarter, compared to analysts' expectations of $385.94 million. During the same quarter in the previous year, the firm posted $0.25 EPS. The firm's revenue for the quarter was up 201.5% on a year-over-year basis. Analysts expect that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current fiscal year.

Credo Technology Group News Summary

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

• Positive Sentiment: Strong recent results and margin/FCF beat reinforce a premium growth narrative (Q3 FY2026 sales ~$407M, ~68.6% gross margin, ~$140M FCF) and underpin bullish analyst commentary. Credo: Optical Expansion Unlocks Next Leg Higher
• Positive Sentiment: Credo advanced a proposed acquisition of silicon-photonics specialist DustPhotonics and unveiled its OmniConnect “Weaver” solution plus 224G PAM4 SerDes IP — moves that expand the company into optics and vertical integration for AI data-center connectivity. Credo (CRDO) Is Up 12.6% After DustPhotonics Deal And New AI Connectivity Platform Push
• Positive Sentiment: Product and partnership visibility at TSMC’s 2026 Technology Symposium (Santa Clara) highlights Credo’s go-to-market for next‑gen AI infrastructure, supporting demand hopes from hyperscalers. Credo to Highlight Next-Generation Connectivity Solutions for AI Infrastructure at TSMC 2026 Technology Symposium
• Positive Sentiment: Broader semiconductor/AI tailwinds are lifting names like Credo, and industry commentary (Zacks) includes CRDO among beneficiaries of rising AI/ML and data‑center spending. 3 Stocks to Buy From the Prospering Semiconductor Industry
• Neutral Sentiment: Market commentary (MarketBeat) highlights CRDO as a strong chip-stock performer in the current market rally, reinforcing investor interest but not adding new fundamentals. Credo Technology Group (CRDO) MarketBeat Page
• Neutral Sentiment: Broad TV/market mentions (e.g., Jim Cramer coverage rounds) increase awareness but are not CRDO‑specific catalysts. Cramer Names 'The Stocks That Got Away'
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares (~$5.17M) on April 22 under a pre-arranged Rule 10b5-1 plan (represents a small ~0.45% reduction). While the sale is likely scheduled, some investors view insider sales as a short‑term negative signal. SEC Form 4 - Chi Fung Cheng
• Negative Sentiment: Contrarian/valuation concerns persist in some analyst pieces that warn CRDO’s run-up and premium multiples leave execution and integration risk if optics roll‑out or DustPhotonics integration falter. The Contrarian View On Credo Technology

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the transaction, the chief executive officer owned 1,782,502 shares in the company, valued at approximately $209,764,835.36. The trade was a 2.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Chi Fung Cheng sold 27,500 shares of the business's stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $127.37, for a total value of $3,502,675.00. Following the transaction, the chief technology officer owned 6,299,870 shares in the company, valued at $802,414,441.90. The trade was a 0.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 428,999 shares of company stock worth $52,946,445 in the last quarter. 11.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRDO. Mizuho reduced their target price on Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating for the company in a report on Tuesday, March 3rd. Craig Hallum reissued a "buy" rating and issued a $200.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. Roth Mkm reduced their target price on Credo Technology Group from $250.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Barclays reissued an "overweight" rating and issued a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. Finally, Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.81.

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.

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