Credo Technology Group (NASDAQ:CRDO) Director Sells $241,256.25 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Pantas Sutardja sold 1,875 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $128.67, for a total transaction of $241,256.25. Following the sale, the director owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Credo Technology Group Stock Down 12.9%

NASDAQ CRDO opened at $96.95 on Thursday. The company has a market capitalization of $17.51 billion, a price-to-earnings ratio of 85.04 and a beta of 2.65. The stock’s 50-day simple moving average is $147.68 and its two-hundred day simple moving average is $142.08. Credo Technology Group Holding Ltd. has a twelve month low of $29.09 and a twelve month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last released its 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. The company had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.Credo Technology Group’s quarterly revenue was up 272.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America upped their price target on shares of Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Roth Mkm raised their price target on Credo Technology Group from $170.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Rosenblatt Securities started coverage on Credo Technology Group in a research report on Wednesday, January 21st. They issued a “neutral” rating and a $170.00 price objective for the company. Finally, Zacks Research lowered Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $216.54.

More Credo Technology Group News

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

• Positive Sentiment: Strategic product/partner progress: Credo is promoting its Blue Heron 224G retimer (3nm) for AI scale‑up networking and announced deals/partnerships (including coverage on the Blue Heron/3M angle) that support longer‑term revenue upside in AI data‑center interconnects. Read More.
• Positive Sentiment: Bullish research and theses: Bank of America and other analysts continue to frame Credo as a long‑term beneficiary of AI/cloud connectivity, and several bullish writeups argue current pullbacks are attractive entry points. Read More.
• Positive Sentiment: Independent investor bullish pieces: Some investors and analysts have recently upgraded or publicly said they’re buying at lower levels, highlighting strong revenue growth and margin expansion as a catalyst for recovery. Read More.
• Neutral Sentiment: Short‑interest data appears anomalous/insignificant (reported as effectively zero); this suggests short activity is not a meaningful driver of today’s move. (Data flagged as irregular.)
• Neutral Sentiment: Broader bull‑case commentary and research pieces remain available for longer‑term investors but are not immediate market movers. Read More.
• Negative Sentiment: Insider selling pressure: Multiple insiders sold shares in late January (CEO/related filings, CTO sale of 27,500 shares, and a director sale of 1,875 shares). These disclosed Form 4 sales can hurt sentiment, especially after a strong run‑up. Read More. • Read More. • Read More.
• Negative Sentiment: Analyst downgrades/ratings pressure: Zacks moved Credo from “strong‑buy” to “hold,” and at least one Seeking Alpha piece published a rating downgrade — actions that can prompt short‑term selling or stop‑loss triggers. Read More. • Read More.

Institutional Investors Weigh In On Credo Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of CRDO. Moneco Advisors LLC increased its stake in shares of Credo Technology Group by 22.7% during the fourth quarter. Moneco Advisors LLC now owns 3,271 shares of the company’s stock valued at $471,000 after buying an additional 606 shares during the period. Independent Advisor Alliance increased its position in Credo Technology Group by 17.0% during the 4th quarter. Independent Advisor Alliance now owns 5,864 shares of the company’s stock valued at $844,000 after purchasing an additional 852 shares during the period. World Investment Advisors raised its holdings in Credo Technology Group by 77.5% in the 4th quarter. World Investment Advisors now owns 2,870 shares of the company’s stock worth $413,000 after purchasing an additional 1,253 shares in the last quarter. Peregrine Investment Management Inc. bought a new position in Credo Technology Group in the 4th quarter worth $6,540,000. Finally, HighPoint Advisor Group LLC lifted its position in shares of Credo Technology Group by 8.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,480 shares of the company’s stock worth $357,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.