Insider Selling: Credo Technology Group (NASDAQ:CRDO) Director Sells $465,888.00 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Sylvia Acevedo sold 2,208 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $211.00, for a total value of $465,888.00. Following the sale, the director directly owned 16,337 shares in the company, valued at approximately $3,447,107. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Credo Technology Group Stock Performance

CRDO opened at $264.76 on Friday. The business’s fifty day moving average is $181.36 and its 200-day moving average is $150.09. The firm has a market cap of $48.83 billion, a P/E ratio of 106.76, a price-to-earnings-growth ratio of 1.25 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 52-week low of $70.78 and a 52-week high of $268.18.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data 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 business 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%.Credo Technology Group’s revenue was up 157.0% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. On average, research analysts predict that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Credo Technology Group

Several large investors have recently bought and sold shares of CRDO. Atlantic Union Bankshares Corp bought a new position in shares of Credo Technology Group during the third quarter worth about $25,000. Crewe Advisors LLC raised its position in shares of 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 during the last quarter. Reflection Asset Management bought a new position in shares of Credo Technology Group during the fourth quarter worth about $25,000. Acumen Wealth Advisors LLC bought a new position in shares of Credo Technology Group during the fourth quarter worth about $25,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Credo Technology Group during the fourth quarter worth about $32,000. 80.46% of the stock is currently owned by institutional investors.

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, adding silicon photonics capabilities and broadening its optical connectivity offering for next-generation AI and cloud networking demand. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
• Positive Sentiment: Multiple articles highlighted Credo as a top-ranked or bullish stock pick, citing strong catalysts and continued investor enthusiasm for AI-linked growth. 3 Top Ranked Stocks Investors Can Buy Right Now
• Positive Sentiment: Analysts have raised price targets after the latest earnings report, with commentary pointing to rising earnings estimates and momentum from record fiscal 2026 results. Can Credo Technology Group (CRDO) Run Higher on Rising Earnings Estimates?
• Neutral Sentiment: Insider sales by a director and the CTO may have added some caution, but the CTO’s sale was tied to tax withholding on vested equity awards and does not appear to signal a fundamental change.
• Neutral Sentiment: Some coverage noted that Credo still faces customer concentration risk, although management is working to diversify into more NeoCloud and broader customer relationships. Credo’s Diversification Push: Can It Cut Customer Concentration Risk?

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus set a $250.00 price objective on Credo Technology Group in a research note on Wednesday, May 27th. JPMorgan Chase & Co. raised their price objective on Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Needham & Company LLC raised their price objective on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Bank of America raised their price objective on Credo Technology Group from $210.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings raised Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $248.41.

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.