VMS Asset Management Limited Makes New Investment in Credo Technology Group Holding Ltd. $CRDO

VMS Asset Management Limited bought a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 59,824 shares of the company’s stock, valued at approximately $8,608,000. Credo Technology Group makes up approximately 3.3% of VMS Asset Management Limited’s portfolio, making the stock its 7th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp bought a new position in Credo Technology Group during the third quarter worth about $25,000. Crewe Advisors LLC lifted its holdings in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Credo Technology Group during the fourth quarter worth about $32,000. Smallwood Wealth Investment Management LLC bought a new position in Credo Technology Group during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Credo Technology Group by 133.6% during the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after acquiring an additional 147 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

Credo Technology Group News Summary

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

• Positive Sentiment: Multiple articles highlighted Credo’s strong fiscal 2026 results, including revenue more than tripling year over year and earnings beating expectations, reinforcing the idea that the company is benefiting from rapid AI networking demand.
• Positive Sentiment: Management’s commentary on the earnings call pointed to an upcoming optical networking ramp, with plans for more than $600 million in optical revenue in fiscal 2027 and over 80% revenue growth guidance, which investors view as a major next leg of growth. Article: CRDO Q4 Earnings Call Flags Optical Ramp as Next Leg
• Positive Sentiment: Wall Street commentary remained constructive, with coverage noting analysts are increasingly bullish on CRDO and that the company remains a key AI infrastructure beneficiary. Article: Wall Street delivers a surprising verdict on Credo stock
• Neutral Sentiment: Credo also presented at the Bank of America Global Technology Conference, but the event was a transcript/discussion rather than a new financial catalyst. Article: Credo Technology Group Holding Ltd (CRDO) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: Several follow-up articles focused on valuation and the sustainability of growth after the stock’s huge run-up, suggesting some investors are debating whether the rally has already priced in a lot of good news.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday. Craig Hallum reiterated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. Mizuho lifted their target price on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday. Stifel Nicolaus set a $250.00 target price on Credo Technology Group in a report on Wednesday, May 27th. Finally, Susquehanna boosted their price target on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $248.41.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $217.50 on Friday. The stock’s 50-day simple moving average is $167.59 and its 200 day simple moving average is $146.77. The company has a market cap of $40.12 billion, a P/E ratio of 87.70, a P/E/G ratio of 1.44 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 52-week low of $66.75 and a 52-week high of $245.95.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million for the quarter, compared to the consensus estimate of $431.80 million. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.Credo Technology Group’s quarterly revenue was up 157.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 earnings per share. As a group, equities analysts predict that Credo Technology Group Holding Ltd. will post 3.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider James Laufman sold 10,000 shares of Credo Technology Group stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $164.41, for a total value of $1,644,100.00. Following the sale, the insider owned 198,609 shares of the company’s stock, valued at approximately $32,653,305.69. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Joseph Brennan sold 6,149 shares of Credo Technology Group stock in a transaction dated Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $623,816.05. Following the completion of the sale, the chief executive officer directly owned 222,311 shares in the company, valued at approximately $22,553,450.95. This represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 386,608 shares of company stock worth $50,371,351 in the last three months. Insiders own 11.84% of the company’s stock.

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.