Credo Technology Group (NASDAQ:CRDO) CEO William Joseph Brennan Sells 16,672 Shares of Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Brennan sold 16,672 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $151.88, for a total value of $2,532,143.36. Following the transaction, the chief executive officer owned 1,600,830 shares of the company’s stock, valued at approximately $243,134,060.40. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Stock Up 7.4%

NASDAQ CRDO traded up $11.10 on Wednesday, hitting $161.49. The stock had a trading volume of 8,835,884 shares, compared to its average volume of 7,427,667. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The stock has a market cap of $30.35 billion, a price-to-earnings ratio of 57.47, a P/E/G ratio of 0.60 and a beta of 3.22. The company’s 50-day moving average is $217.44 and its two-hundred day moving average is $191.27.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The business had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The business’s revenue was up 114.7% on a year-over-year basis. On average, sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Credo launched 1.6T ZeroFlap optical transceivers based on 224G digital signal processors and silicon-photonics technology. The products target the growing need for faster, denser connectivity inside AI data centers. Credo Powers AI Networks With New 1.6T ZeroFlap Optics Launch
• Positive Sentiment: Recent earnings coverage highlighted continued momentum: quarterly revenue reached $479 million, up 114.7% year over year, while management reportedly expects more than 85% fiscal 2027 revenue growth and roughly 50% non-GAAP net margins. Optical products, silicon photonics and optical DSPs are expected to drive expansion. Credo Technology’s Earnings Call Signals Optical-Fueled Surge
• Positive Sentiment: Credo is positioning OmniConnect as a potential multibillion-dollar AI-inference opportunity, which could increase the company’s connectivity content per GPU as workloads shift from training to inference. Can Credo’s OmniConnect Unlock a New AI Inference Growth Engine?
• Neutral Sentiment: Analyst comparisons with Marvell and Broadcom focus on Credo’s faster growth and AI-connectivity exposure, but also its premium valuation, customer concentration and execution risks. Broader reports say AI infrastructure demand remains strong even as the sector experiences an AI-related selloff. Credo vs. Marvell
• Negative Sentiment: The most immediate concern is cash generation: Credo produced $236 million in adjusted profit but only $83 million in free cash flow. The sizable gap is prompting investors to question earnings quality and whether working-capital or investment needs could limit cash returns. Credo’s Adjusted Profit and Free Cash Flow

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CRDO shares. Weiss Ratings lowered shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 4th. Rosenblatt Securities increased their price objective on shares of Credo Technology Group from $215.00 to $235.00 and gave the company a “neutral” rating in a report on Wednesday, September 2nd. Jefferies Financial Group raised their price objective on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Susquehanna upped their target price on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Finally, Needham & Company LLC increased their price target 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. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.39.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRDO. Bank of America Corp DE grew its holdings in shares of Credo Technology Group by 13.7% in the 2nd quarter. Bank of America Corp DE now owns 2,182,764 shares of the company’s stock worth $593,603,000 after acquiring an additional 262,479 shares during the last quarter. Geode Capital Management LLC boosted its position in Credo Technology Group by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after acquiring an additional 184,676 shares during the period. Corient Private Wealth LLC boosted its position in Credo Technology Group by 239,024.5% during the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after acquiring an additional 3,597,318 shares during the period. Atreides Management LP grew its stake in Credo Technology Group by 3.5% during the 2nd quarter. Atreides Management LP now owns 1,129,285 shares of the company’s stock valued at $307,109,000 after acquiring an additional 38,052 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Credo Technology Group by 11.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,021,020 shares of the company’s stock valued at $290,805,000 after purchasing an additional 203,462 shares during the period. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.