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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Brennan sold 16,672 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $151.88, for a total transaction of $2,532,143.36. Following the completion of the transaction, the chief executive officer directly owned 1,600,830 shares of the company’s stock, valued at approximately $243,134,060.40. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Price Performance

Shares of CRDO stock opened at $161.49 on Thursday. The stock has a market capitalization of $30.35 billion, a price-to-earnings ratio of 57.47, a PEG ratio of 0.60 and a beta of 3.22. The company’s fifty day simple moving average is $215.50 and its two-hundred day simple moving average is $191.60. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, beating 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 company had revenue of $479.00 million during the quarter, compared to analysts’ expectations of $473.30 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 114.7% compared to the same quarter last year. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Institutional Trading of Credo Technology Group

Several institutional investors and hedge funds have recently modified their holdings of the business. City Center Advisors LLC boosted its holdings in shares of Credo Technology Group by 2.1% during the 2nd quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock valued at $706,000 after acquiring an additional 53 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Credo Technology Group by 8.0% during the second quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock valued at $205,000 after purchasing an additional 56 shares during the last quarter. QRG Capital Management Inc. lifted its position in Credo Technology Group by 1.7% during the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after purchasing an additional 91 shares during the period. Bank of Nova Scotia lifted its position in Credo Technology Group by 1.6% during the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after purchasing an additional 92 shares during the period. Finally, Orion Capital Management LLC purchased a new stake in Credo Technology Group in the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: New 1.6T optical products strengthen the AI infrastructure story. Credo expanded its ZeroFlap portfolio with 224G-based 1.6T optical transceivers designed for faster, denser AI networks. The launch gives the company additional products aimed at data-center bandwidth bottlenecks and supports expectations for continued demand from AI infrastructure customers. Credo Expands ZeroFlap Portfolio with 224G-Based 1.6T Optical Transceivers
• Positive Sentiment: Management sees a large opportunity in AI inference. Credo’s OmniConnect platform is being positioned as a potential multibillion-dollar growth opportunity, with management projecting meaningful fiscal 2028 revenue and substantial connectivity content per GPU. The company’s earnings call also highlighted optical products, silicon photonics and optical DSPs as key growth engines. Can Credo’s OmniConnect Unlock a New AI Inference Growth Engine?
• Positive Sentiment: Recent operating momentum remains strong. Credo’s latest reported quarter showed revenue of $479 million, up 114.7% year over year, with earnings modestly exceeding analyst expectations. Management has also indicated expectations for more than 85% fiscal 2027 revenue growth and roughly 50% non-GAAP net margins, supporting the bullish AI-connectivity thesis. Credo Technology’s Earnings Call Signals Optical-Fueled Surge
• Neutral Sentiment: Analysts continue comparing CRDO with larger AI-chip and connectivity companies. Articles contrasting Credo with Marvell, Broadcom and NVIDIA reinforce investor interest but do not represent new company-specific financial guidance. Credo’s high-growth profile is attractive, though valuation, customer concentration and the sustainability of AI spending remain important risks. Credo vs. Broadcom
• Negative Sentiment: Cash flow is trailing adjusted earnings. One analysis noted that Credo generated approximately $236 million of adjusted profit but only $83 million of free cash flow, raising questions about earnings quality and working-capital needs ahead of the next report. Credo’s $236 Million Adjusted Profit Came With Just $83 Million in Free Cash Flow
• Negative Sentiment: The CEO sold shares. CEO William Brennan sold 16,672 shares worth about $2.5 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan and reduced his ownership by only 1.03%, making it a limited signal, but insider selling can still weigh on sentiment. SEC Form 4 Insider Sale

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRDO. Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Bank of America cut their price objective on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. Mizuho upped their target price on shares of Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. TD Cowen upped their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Finally, Needham & Company LLC increased their target price on shares of Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.39.

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.