Elemental Capital Partners LLC Takes Position in Credo Technology Group Holding Ltd. $CRDO

Posted by Defense World Staff on Jan 13th, 2026

Elemental Capital Partners LLC purchased a new position in shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 135,186 shares of the company’s stock, valued at approximately $19,684,000. Credo Technology Group comprises approximately 11.1% of Elemental Capital Partners LLC’s holdings, making the stock its 3rd biggest position. Elemental Capital Partners LLC owned approximately 0.08% of Credo Technology Group at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Credo Technology Group by 2.7% in the second quarter. Vanguard Group Inc. now owns 16,375,368 shares of the company’s stock valued at $1,516,195,000 after purchasing an additional 430,445 shares during the last quarter. JPMorgan Chase & Co. increased its position in Credo Technology Group by 36.5% during the second quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock worth $602,662,000 after buying an additional 1,739,844 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Credo Technology Group by 4.7% in the second quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock worth $334,740,000 after acquiring an additional 163,305 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of 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 buying an additional 1,218,504 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after purchasing an additional 589,151 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group Stock Up 3.8%

Shares of CRDO opened at $156.07 on Tuesday. The firm has a market cap of $28.19 billion, a price-to-earnings ratio of 136.90 and a beta of 2.66. The business’s 50 day moving average is $153.79 and its two-hundred day moving average is $137.61. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The business had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. During the same quarter last year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 272.1% compared to the same quarter last year. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, insider James Laufman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the sale, the insider owned 214,905 shares in the company, valued at $32,235,750. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $139.93, for a total value of $4,197,900.00. Following the transaction, the chief technology officer directly owned 6,387,370 shares in the company, valued at approximately $893,784,684.10. This represents a 0.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,088,276 shares of company stock worth $167,068,167 over the last quarter. Company insiders own 11.84% of the company’s stock.

Key Credo Technology Group News

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

Positive Sentiment: Positive momentum stories from retail/financial press that can attract buying interest — recent pieces highlight CRDO as a top momentum pick, increasing visibility among momentum traders and retail investors. Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd. (CRDO) is a Great Choice
Positive Sentiment: Additional bullish write-up from Zacks reinforcing the momentum narrative; such analyst/coverage pieces often boost short-term demand and can amplify moves after strong recent earnings. Are You Looking for a Top Momentum Pick? Why Credo Technology Group Holding Ltd.
Positive Sentiment: Follow-up coverage noting a recent price gain increases attention and may trigger additional buying from momentum/short-term traders. Credo Technology Group (NASDAQ:CRDO) Shares Up 6.2% – Should You Buy?
Neutral Sentiment: Reported short-interest data shows effectively zero short interest (and an anomalous “NaN” change), suggesting little short-seller pressure to fuel squeezes — likely a data/reporting quirk rather than a market driver. (No link available.)
Negative Sentiment: Insider selling by executives — CTO Chi Fung Cheng sold 30,000 shares (~$4.2M) (SEC Form 4 filed). Large insider sales by senior officers can weigh on sentiment even though insiders still hold large positions. CTO Form 4
Negative Sentiment: Additional insider sales reported: multiple filings show the CFO sold roughly $597k and $547k, and the CEO sold roughly $1.41M and $1.32M in separate transactions — cumulative insider selling may temper gains. CFO Sells $597,412 CFO Sells $546,865 CEO Sells $1,411,873 CEO Sells $1,322,281

Analyst Ratings Changes

CRDO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. JPMorgan Chase & Co. assumed coverage on Credo Technology Group in a research report on Friday, October 17th. They issued an “overweight” rating and a $165.00 price objective on the stock. New Street Research set a $240.00 target price on Credo Technology Group in a research report on Tuesday, December 2nd. Mizuho raised their target price on Credo Technology Group from $165.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Finally, Cowen restated a “buy” rating on shares of Credo Technology Group in a report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $217.08.

Check Out Our Latest Stock Report on CRDO

Credo Technology Group Company Profile

(Free Report)

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.