Credo Technology Group (NASDAQ:CRDO) CEO Sells 16,672 Shares of Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Brennan sold 16,672 shares of the business’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 completion of the sale, the chief executive officer owned 1,600,830 shares of the company’s stock, valued at $243,134,060.40. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Trading Up 7.4%

Credo Technology Group stock traded up $11.10 on Wednesday, reaching $161.49. 8,835,884 shares of the stock were exchanged, compared to its average volume of 7,427,667. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The firm has a fifty day moving average price of $217.44 and a two-hundred day moving average price of $191.27. The stock has a market cap of $30.35 billion, a PE ratio of 57.47, a PEG ratio of 0.60 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last announced 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 return on equity of 28.77% and a net margin of 33.83%.The firm had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 114.7% compared to the same quarter last year. Equities analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo launched 1.6T ZeroFlap optical transceivers based on 224G digital signal processors and silicon-photonics technology. The products target the growing need for faster, denser connectivity inside AI data centers. Credo Powers AI Networks With New 1.6T ZeroFlap Optics Launch
• Positive Sentiment: Recent earnings coverage highlighted continued momentum: quarterly revenue reached $479 million, up 114.7% year over year, while management reportedly expects more than 85% fiscal 2027 revenue growth and roughly 50% non-GAAP net margins. Optical products, silicon photonics and optical DSPs are expected to drive expansion. Credo Technology’s Earnings Call Signals Optical-Fueled Surge
• Positive Sentiment: Credo is positioning OmniConnect as a potential multibillion-dollar AI-inference opportunity, which could increase the company’s connectivity content per GPU as workloads shift from training to inference. Can Credo’s OmniConnect Unlock a New AI Inference Growth Engine?
• Neutral Sentiment: Analyst comparisons with Marvell and Broadcom focus on Credo’s faster growth and AI-connectivity exposure, but also its premium valuation, customer concentration and execution risks. Broader reports say AI infrastructure demand remains strong even as the sector experiences an AI-related selloff. Credo vs. Marvell
• Negative Sentiment: The most immediate concern is cash generation: Credo produced $236 million in adjusted profit but only $83 million in free cash flow. The sizable gap is prompting investors to question earnings quality and whether working-capital or investment needs could limit cash returns. Credo’s Adjusted Profit and Free Cash Flow

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRDO. Sequoia Financial Advisors LLC grew its holdings in Credo Technology Group by 19.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,659 shares of the company’s stock worth $1,811,000 after acquiring an additional 1,063 shares during the period. IPG Investment Advisors LLC acquired a new position in shares of Credo Technology Group in the 2nd quarter valued at $3,078,000. Integrated Wealth Concepts LLC lifted its stake in shares of Credo Technology Group by 68.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,962 shares of the company’s stock valued at $4,341,000 after purchasing an additional 6,489 shares during the period. NewEdge Advisors LLC boosted its position in shares of Credo Technology Group by 56.0% in the 2nd quarter. NewEdge Advisors LLC now owns 9,176 shares of the company’s stock worth $2,495,000 after purchasing an additional 3,293 shares during the last quarter. Finally, GFG Capital LLC bought a new position in shares of Credo Technology Group in the 2nd quarter worth $214,000. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

CRDO has been the subject of a number of research analyst reports. Mizuho upped their price objective on shares of Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Stifel Nicolaus boosted their price target on Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Evercore set a $292.00 price target on Credo Technology Group in a report on Wednesday, September 2nd. Susquehanna lifted their price objective on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen lowered 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, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus price target of $267.39.

About Credo Technology Group

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.