Credo Technology Group (NASDAQ:CRDO) CEO William Joseph Brennan Sells 54,984 Shares

Posted by Brenda Bartman on Jun 10th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CEO William Joseph Brennan sold 54,984 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $218.57, for a total transaction of $12,017,852.88. Following the completion of the sale, the chief executive officer directly owned 367,327 shares of the company’s stock, valued at $80,286,662.39. This represents a 13.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 Thursday, April 2nd, 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.

Credo Technology Group Trading Up 5.4%

Credo Technology Group stock opened at $234.32 on Wednesday. The firm has a 50 day moving average of $174.95 and a 200 day moving average of $148.44. The firm has a market capitalization of $43.22 billion, a price-to-earnings ratio of 94.48, a P/E/G ratio of 1.44 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 12-month low of $66.75 and a 12-month high of $252.70.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its quarterly 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 in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 157.0% compared to the same quarter last year. On average, analysts predict that Credo Technology Group Holding Ltd. will post 3.93 EPS for the current year.

More Credo Technology Group News

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

Positive Sentiment: Traders bought more call options than usual, signaling bullish expectations for further upside in Credo Technology Group.
Positive Sentiment: Recent commentary noted that CRDO has surged about 78% in three months, reflecting strong AI-driven demand and continued investor enthusiasm for the stock. Credo Stock Surges 78% in 3 Months: Is It Still a Buying Opportunity?
Positive Sentiment: Another analysis said Credo remains one of the standout semiconductor names, outperforming the broader industry, sector, and the S&P 500 over the last quarter. Credo Stock Surges 78% in 3 Months: Is It Still a Buying Opportunity?
Neutral Sentiment: A market wrap-up article mentioned Credo as one of the stocks advancing during Tuesday’s session, but the main driver was broader market volatility rather than company-specific news. Stock Market Today: Nasdaq Ends Off Steeper Loss, Dow Rises After Downturn; Credo Technology Advances
Neutral Sentiment: Insider selling by the CEO and a director may be weighing on sentiment somewhat, but these sales were relatively routine and do not necessarily signal a change in fundamentals.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Needham & Company LLC upped their price target on Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Mizuho upped their price target on Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $248.41.

Get Our Latest Research Report on CRDO

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of Credo Technology Group by 24.1% during the 1st quarter. NewEdge Advisors LLC now owns 5,883 shares of the company’s stock valued at $552,000 after acquiring an additional 1,141 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Credo Technology Group by 2.0% during the 1st quarter. Glenmede Trust Co. NA now owns 5,706 shares of the company’s stock valued at $536,000 after acquiring an additional 114 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Credo Technology Group by 12.7% during the 1st quarter. Segall Bryant & Hamill LLC now owns 111,621 shares of the company’s stock valued at $10,478,000 after acquiring an additional 12,616 shares during the last quarter. Verus Capital Partners LLC bought a new position in shares of Credo Technology Group during the 1st quarter valued at approximately $506,000. Finally, Western Wealth Management LLC bought a new position in shares of Credo Technology Group during the 1st quarter valued at approximately $38,000. 80.46% of the stock is currently owned by institutional investors.

Credo Technology Group Company Profile

(Get Free Report)

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.