Insider Selling: 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 stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the sale, the chief executive officer owned 228,460 shares of the company’s stock, valued at $23,177,267. This trade represents a 2.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Sunday, April 5th, 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 Stock Up 3.2%

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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRDO. California Public Employees Retirement System increased its holdings in shares of Credo Technology Group by 17.2% in the second quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after purchasing an additional 37,772 shares during the last quarter. Optimize Financial Inc acquired a new position in shares of Credo Technology Group in the third quarter valued at $1,431,000. Estate Counselors LLC acquired a new position in shares of Credo Technology Group in the third quarter valued at $2,548,000. Global Trust Asset Management LLC acquired a new position in shares of Credo Technology Group in the third quarter valued at $2,167,000. Finally, New York State Common Retirement Fund increased its holdings in shares of Credo Technology Group by 106.5% in the third quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock valued at $21,279,000 after purchasing an additional 75,369 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CRDO. Craig Hallum restated a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the company a “buy” rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $206.33.

Credo Technology Group News Summary

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?

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.