Sen. Markwayne Mullin Sells Off Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Stock

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO). In a filing disclosed on January 13th, the Senator disclosed that they had sold between $15,001 and $50,000 in Credo Technology Group stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Stride (NYSE:LRN) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/17/2025.

Credo Technology Group Trading Down 4.9%

Shares of NASDAQ:CRDO traded down $7.72 on Thursday, hitting $149.12. The company had a trading volume of 5,660,061 shares, compared to its average volume of 6,466,084. The company has a market cap of $26.94 billion, a PE ratio of 130.81 and a beta of 2.66. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80. The business has a 50 day moving average of $153.14 and a 200 day moving average of $138.29.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. During the same quarter in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 272.1% on a year-over-year basis. As a group, equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRDO. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Cowen reissued a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Barclays reaffirmed an “overweight” rating and issued a $260.00 price objective on shares of Credo Technology Group in a research report on Thursday. Stifel Nicolaus set a $160.00 target price on Credo Technology Group in a research note on Wednesday, October 1st. Finally, Mizuho raised their price target on Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $220.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in Credo Technology Group during the third quarter worth approximately $25,000. First Horizon Corp acquired a new position in shares of Credo Technology Group during the 3rd quarter valued at $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Credo Technology Group during the 2nd quarter worth $27,000. Smartleaf Asset Management LLC increased its holdings in Credo Technology Group by 133.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after purchasing an additional 147 shares in the last quarter. Finally, Park Place Capital Corp acquired a new stake in Credo Technology Group in the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Insider Buying and Selling

In other news, Director Sylvia Acevedo sold 2,200 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $159.18, for a total value of $350,196.00. Following the completion of the sale, the director owned 18,545 shares in the company, valued at approximately $2,951,993.10. This trade represents a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Chi Fung Cheng sold 30,000 shares of the business’s 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 $893,784,684.10. This trade represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,090,476 shares of company stock valued at $167,418,363. 11.84% of the stock is owned by insiders.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.