Credo Technology Group (NASDAQ:CRDO) Director Fariba Danesh Sells 1,100 Shares

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Fariba Danesh sold 1,100 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $236.34, for a total value of $259,974.00. Following the sale, the director owned 7,017 shares in the company, valued at $1,658,397.78. The trade was a 13.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Credo Technology Group Trading Up 11.4%

NASDAQ:CRDO traded up $27.08 during midday trading on Thursday, hitting $264.76. 12,956,584 shares of the company traded hands, compared to its average volume of 7,513,125. The firm’s fifty day moving average is $177.95 and its 200-day moving average is $149.16. Credo Technology Group Holding Ltd. has a 12-month low of $70.78 and a 12-month high of $268.18. The firm has a market capitalization of $48.83 billion, a P/E ratio of 106.76, a P/E/G ratio of 1.23 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The business had revenue of $437.00 million during the quarter, compared to the consensus estimate of $431.80 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 157.0% compared to the same quarter last year. On average, research analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

Key Credo Technology Group News

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

• Positive Sentiment: Credo’s AI connectivity business posted record fiscal 2026 revenue, and analysts see further upside from an expected optical-product growth inflection in fiscal 2027.
• Positive Sentiment: Mizuho raised its price target on Credo Technology Group (NASDAQ: CRDO), reinforcing Wall Street’s increasingly bullish view after recent earnings.
• Positive Sentiment: The announced acquisition of Dust Photonics expands Credo into silicon photonics and optical connectivity, which could strengthen its position in AI infrastructure.
• Positive Sentiment: Recent commentary highlighted strong earnings revisions and bullish thesis articles, suggesting investors are betting on continued growth momentum.
• Neutral Sentiment: Some analysis pointed to customer concentration risk, but also said diversification into neo clouds and broader customers could gradually reduce that concern.
• Negative Sentiment: Director Sylvia Acevedo sold shares recently, a development that may slightly pressure sentiment even though it does not necessarily change the long-term outlook.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CRDO shares. Craig Hallum restated a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. The Goldman Sachs Group restated a “buy” rating and set a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Susquehanna raised their price target on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Tuesday, June 2nd. Rosenblatt Securities raised their price target on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Rothschild & Co Redburn started coverage on Credo Technology Group in a research note on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Hedge Funds Weigh In On Credo Technology Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Crewe Advisors LLC boosted its holdings in Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares in the last quarter. Reflection Asset Management acquired a new stake in Credo Technology Group in the fourth quarter worth about $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group in the fourth quarter worth about $25,000. Flagship Harbor Advisors LLC acquired a new stake in Credo Technology Group in the fourth quarter worth about $32,000. Finally, AlphaCentric Advisors LLC acquired a new stake in Credo Technology Group in the first quarter worth about $33,000. Hedge funds and other institutional investors 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.