Truvestments Capital LLC Has $3.35 Million Stake in Credo Technology Group Holding Ltd. $CRDO

Truvestments Capital LLC increased its position in Credo Technology Group Holding Ltd. (NASDAQ:CRDO) by 10.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,309 shares of the company’s stock after purchasing an additional 2,253 shares during the period. Truvestments Capital LLC’s holdings in Credo Technology Group were worth $3,354,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC boosted its stake in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the period. Acumen Wealth Advisors LLC acquired a new position in Credo Technology Group in the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC acquired a new position in Credo Technology Group in the 4th quarter worth approximately $32,000. Smallwood Wealth Investment Management LLC acquired a new position in Credo Technology Group in the 4th quarter worth approximately $36,000. Finally, Van ECK Associates Corp acquired a new position in Credo Technology Group in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 80.46% 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 completed its acquisition of DustPhotonics, expanding its optical connectivity and silicon photonics portfolio for AI and cloud networking demand. The deal supports higher-speed products and could help drive growth as optical revenue ramps in coming fiscal years. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
• Positive Sentiment: Several articles highlighted Credo as a top-ranked or bullish AI-related stock, citing strong growth prospects, rising estimates, and favorable technical momentum. 3 Top Ranked Stocks Investors Can Buy Right Now
• Positive Sentiment: Analyst commentary remains constructive after earnings, with price target increases and expectations for continued strong revenue and earnings growth tied to AI infrastructure spending. Mizuho Raises PT on Credo Technology (CRDO) After FQ4 2026 Earnings
• Neutral Sentiment: Insider sales by Director Fariba Danesh and CTO Chi Fung Cheng may have added some caution, but the CTO sale was described as part of a pre-arranged plan to cover tax withholding on equity awards, limiting the bearish signal. Credo Technology Group (NASDAQ:CRDO) Director Fariba Danesh Sells 1,100 Shares
• Neutral Sentiment: Some coverage pointed to customer concentration risk, though management is working to diversify revenue beyond a few large hyperscale customers. Credo’s Diversification Push: Can It Cut Customer Concentration Risk?
• Negative Sentiment: A Seeking Alpha downgrade to “Hold” suggests some investors think the stock may already reflect much of the near-term upside, especially after its strong run and rich valuation. Credo: Don’t Chase This Winner Over The Cliff – Downgrade To Hold

Insider Buying and Selling at Credo Technology Group

In related news, CEO William Joseph Brennan sold 54,984 shares of Credo Technology Group stock in a transaction on Friday, June 5th. The shares were sold at an average price of $218.57, for a total value of $12,017,852.88. Following the transaction, the chief executive officer owned 367,327 shares in the company, valued at $80,286,662.39. This trade represents a 13.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction on Monday, April 6th. The stock was sold at an average price of $103.19, for a total transaction of $2,837,725.00. Following the completion of the transaction, the chief technology officer owned 6,162,370 shares in the company, valued at $635,894,960.30. This trade represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 376,884 shares of company stock worth $59,014,018 in the last quarter. Insiders own 11.84% of the company’s stock.

Credo Technology Group Price Performance

NASDAQ CRDO opened at $250.81 on Monday. Credo Technology Group Holding Ltd. has a fifty-two week low of $72.03 and a fifty-two week high of $270.21. The stock’s 50-day moving average is $184.46 and its two-hundred day moving average is $150.79. The firm has a market cap of $46.26 billion, a P/E ratio of 101.13, a price-to-earnings-growth ratio of 1.32 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.14. The company had revenue of $437.00 million for the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The business’s revenue was up 157.0% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CRDO. JPMorgan Chase & Co. increased their target price on shares of Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Mizuho increased their target price on shares of Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Roth Mkm increased their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. TD Cowen increased their target price on shares of Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Stifel Nicolaus set a $250.00 target price on shares of Credo Technology Group in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.41.

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.