Credo Technology Group Sees Unusually High Options Volume (NASDAQ:CRDO)

Posted by Francis Steltz on Sep 25th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) was the target of unusually large options trading activity on Friday. Traders purchased 42,247 call options on the company. This is an increase of approximately 41% compared to the typical volume of 29,913 call options.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, COO Yat Lam sold 55,441 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $213.02, for a total transaction of $11,810,041.82. Following the completion of the transaction, the chief operating officer directly owned 2,529,169 shares of the company’s stock, valued at approximately $538,763,580.38. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Brennan sold 16,672 shares of the firm’s stock in a transaction 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 307,246 shares of company stock worth $65,625,584. Corporate insiders own 9.06% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new stake in Credo Technology Group during the second quarter worth $27,000. Reflection Asset Management acquired a new position in shares of Credo Technology Group in the 4th quarter valued at $25,000. AlphaCentric Advisors LLC purchased a new position in shares of Credo Technology Group during the 1st quarter worth $33,000. MCF Advisors LLC increased its position in shares of Credo Technology Group by 309.9% during the 4th quarter. MCF Advisors LLC now owns 373 shares of the company’s stock worth $54,000 after purchasing an additional 282 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Credo Technology Group during the 1st quarter worth about $38,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRDO has been the topic of several analyst reports. Roth Capital raised their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Barclays upped their price objective on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $250.00 price objective on shares of Credo Technology Group in a report on Tuesday, June 2nd. Evercore set a $292.00 target price on shares of Credo Technology Group in a research report on Wednesday, September 2nd. Finally, Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.89.

Check Out Our Latest Report on Credo Technology Group

Credo Technology Group Trading Up 9.2%

NASDAQ CRDO traded up $17.94 on Friday, reaching $213.91. 7,577,468 shares of the company were exchanged, compared to its average volume of 7,485,892. The business’s fifty day moving average price is $209.15 and its 200 day moving average price is $194.86. The stock has a market capitalization of $40.20 billion, a P/E ratio of 75.94, a price-to-earnings-growth ratio of 0.77 and a beta of 3.22. Credo Technology Group has a fifty-two week low of $86.49 and a fifty-two week high of $308.67.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its 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 net margin of 33.83% and a return on equity of 28.77%. The company had revenue of $479.00 million for the quarter, compared to analyst estimates of $473.30 million. During the same period in the previous year, the business posted $0.52 EPS. Credo Technology Group’s revenue was up 114.7% on a year-over-year basis. Equities research analysts forecast that Credo Technology Group will post 5.02 earnings per share for the current year.

About Credo Technology Group

(Get Free Report)

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.