Credo Technology Group (NASDAQ:CRDO) CEO Sells $623,816.05 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 6,149 shares of the company’s stock in a transaction that occurred on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the completion of the sale, the chief executive officer directly owned 222,311 shares of the company’s stock, valued at approximately $22,553,450.95. This represents a 2.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

William Joseph Brennan also recently made the following trade(s):

• On Thursday, April 2nd, William Joseph Brennan sold 6,149 shares of Credo Technology Group stock. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05.
• On Wednesday, March 11th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00.
• On Wednesday, March 11th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The stock was sold at an average price of $117.68, for a total transaction of $2,120,122.88.
• On Thursday, January 29th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The stock was sold at an average price of $127.69, for a total transaction of $6,384,500.00.
• On Thursday, January 29th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The stock was sold at an average price of $127.69, for a total transaction of $2,300,463.04.
• On Thursday, January 8th, William Joseph Brennan sold 9,476 shares of Credo Technology Group stock. The stock was sold at an average price of $139.54, for a total transaction of $1,322,281.04.
• On Wednesday, January 7th, William Joseph Brennan sold 10,456 shares of Credo Technology Group stock. The stock was sold at an average price of $135.03, for a total transaction of $1,411,873.68.

Credo Technology Group Price Performance

NASDAQ CRDO opened at $110.21 on Thursday. The company’s 50 day simple moving average is $111.85 and its 200 day simple moving average is $137.56. Credo Technology Group Holding Ltd. has a 12 month low of $33.04 and a 12 month high of $213.80. The company has a market capitalization of $20.33 billion, a P/E ratio of 61.23 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business had revenue of $407.01 million for the quarter, compared to the consensus estimate of $385.94 million. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 201.5% on a year-over-year basis. On average, analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Key Credo Technology Group News

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

• Positive Sentiment: Hyperscaler expansion and continued AEC (short‑reach copper) adoption are driving strong AEC revenue growth and support higher near‑term demand from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Positive Sentiment: Major analyst support: >90% of analysts rate CRDO a Buy and the consensus price target (~$200) implies substantial upside versus current levels — that buy‑side coverage is supporting investor demand. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang cleared — Credo settled disputes with TE Connectivity and Molex via confidential license/settlement agreements, and related lawsuits will be dismissed, removing litigation uncertainty that had weighed on valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Neutral Sentiment: Comparative coverage and watchlist mentions (MarketBeat/Bridget’s Buys) highlight CRDO as a volatile, high‑growth data‑center name — useful for context but less likely to move price intra‑day. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Insider selling: multiple Form 4 filings (including the CTO) show clustered sales in early April under 10b5‑1 plans — large dollar amounts though small percentage ownership reductions; this cluster can weigh on near‑term sentiment. CTO Insider Sales
• Negative Sentiment: Customer concentration risk: while hyperscaler deals lift revenue, heavy reliance on a small number of large customers raises execution and pricing risk if spending patterns shift. Credo Technology Expands Hyperscaler Reach: Concern or Strength?

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CRDO shares. Susquehanna cut their price target on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday, March 3rd. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Roth Mkm cut their price target on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $206.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Crewe Advisors LLC increased 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 valued at $25,000 after buying an additional 106 shares during the period. Reflection Asset Management acquired a new position in Credo Technology Group in the 4th quarter valued at approximately $25,000. Atlantic Union Bankshares Corp acquired a new position in Credo Technology Group in the 3rd quarter valued at approximately $25,000. Acumen Wealth Advisors LLC acquired a new position in Credo Technology Group in the 4th quarter valued at approximately $25,000. Finally, First Horizon Corp acquired a new position in Credo Technology Group in the 3rd quarter valued at approximately $26,000. Institutional investors and hedge funds 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.