Insider Selling: Credo Technology Group (NASDAQ:CRDO) CFO Sells 7,580 Shares of Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CFO Daniel Fleming sold 7,580 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $152.63, for a total value of $1,156,935.40. Following the completion of the sale, the chief financial officer owned 433,678 shares in the company, valued at $66,192,273.14. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Stock Down 5.6%

Credo Technology Group stock traded down $9.42 during midday trading on Thursday, reaching $158.93. The stock had a trading volume of 9,648,250 shares, compared to its average volume of 7,300,763. Credo Technology Group Holding Ltd. has a 12 month low of $33.04 and a 12 month high of $213.80. The firm’s 50-day moving average price is $113.99 and its 200 day moving average price is $137.04. The firm has a market capitalization of $29.31 billion, a PE ratio of 88.29 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 201.5% compared to the same quarter last year. Equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Credo Technology Group by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock valued at $2,386,449,000 after acquiring an additional 59,849 shares during the last quarter. JPMorgan Chase & Co. grew its position in Credo Technology Group by 18.3% during the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after acquiring an additional 1,190,522 shares during the last quarter. State Street Corp grew its position in Credo Technology Group by 23.4% during the fourth quarter. State Street Corp now owns 4,486,320 shares of the company’s stock valued at $645,537,000 after acquiring an additional 849,654 shares during the last quarter. Geode Capital Management LLC grew its position in Credo Technology Group by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock valued at $555,117,000 after acquiring an additional 184,676 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after acquiring an additional 3,597,318 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Announced a definitive acquisition of DustPhotonics (~$750M), adding silicon‑photonic PIC technology to Credo’s product set and expanding its addressable market in AI/data‑center optical connectivity; the deal is being presented as strategic for product mix, technology depth and long‑term revenue growth. Credo DustPhotonics acquisition
• Positive Sentiment: Brokerage support: Needham reaffirmed a Buy and set a $220 price target, while Jefferies initiated coverage — fresh institutional endorsements helped fuel recent buying interest. Needham reaffirmation Jefferies begins coverage
• Positive Sentiment: Large call‑option buying and heavy call flow were reported, indicating speculative bullish positioning and hedged conviction that can amplify intraday moves following positive news. Options activity
• Neutral Sentiment: Credo published its FY2025 Greenhouse Gas report (first annual GHG disclosure), adding ESG transparency as the company scales; management plans to expand future disclosures to Scope 3 — relevant for longer‑term investor due diligence but unlikely to move near‑term fundamentals. FY2025 GHG report
• Neutral Sentiment: Management held an M&A call/transcript to explain deal rationale, synergies and integration plans — investors will be watching guidance on expected timeline, cost, and how the acquisition will be financed. M&A call transcript
• Neutral Sentiment: Rosenblatt raised its price target (to $175) but kept a neutral rating — a mixed signal that lifts valuation support but is not a clear buy endorsement for some investors.
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold multiple blocks of shares under a pre‑arranged 10b5‑1 plan; while routine and small relative to his remaining stake, the sales add to near‑term supply and can be parsed negatively by traders. Insider sale disclosure
• Negative Sentiment: Some research was mixed: Zacks downgraded from Strong‑Buy to Hold, and other analysts offered varied ratings — mixed notes can encourage short‑term profit‑taking after a large run. Zacks downgrade

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Rosenblatt Securities upped their price target on Credo Technology Group from $125.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a research report on Friday, March 27th. Craig Hallum reiterated a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Barclays reiterated an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a research report on Thursday, January 15th. Finally, Mizuho decreased their price target on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credo Technology Group has a consensus rating of “Moderate Buy” and an average target price of $207.81.

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.