William Joseph Brennan Sells 9,476 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 9,476 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $139.54, for a total value of $1,322,281.04. Following the completion of the transaction, the chief executive officer owned 270,641 shares of the company’s stock, valued at approximately $37,765,245.14. This represents a 3.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

William Joseph Brennan also recently made the following trade(s):

• On Wednesday, January 7th, William Joseph Brennan sold 10,456 shares of Credo Technology Group stock. The stock was sold at an average price of $135.03, for a total transaction of $1,411,873.68.
• On Thursday, December 11th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $153.16, for a total transaction of $7,658,000.00.
• On Thursday, December 11th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The stock was sold at an average price of $153.16, for a total transaction of $2,759,330.56.
• On Thursday, October 30th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $171.23, for a total transaction of $8,561,500.00.
• On Thursday, October 30th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The stock was sold at an average price of $171.23, for a total transaction of $3,084,879.68.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $150.42 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The business has a 50 day moving average price of $154.28 and a 200 day moving average price of $136.86. The company has a market capitalization of $27.17 billion, a P/E ratio of 131.95 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm had revenue of $268.03 million for the quarter, compared to analysts’ expectations of $234.99 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Credo Technology Group’s quarterly revenue was up 272.1% on a year-over-year basis. As a group, research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America upped their target price on shares of Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Susquehanna upped their price objective on shares of Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. William Blair initiated coverage on Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating for the company. Finally, Barclays increased their price target on Credo Technology Group from $165.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $217.08.

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its stake in shares of Credo Technology Group by 960.8% during the 4th quarter. SG Americas Securities LLC now owns 252,855 shares of the company’s stock valued at $36,383,000 after buying an additional 229,018 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Credo Technology Group during the fourth quarter valued at about $564,000. Diversified Trust Co. increased its stake in Credo Technology Group by 1.7% during the fourth quarter. Diversified Trust Co. now owns 18,151 shares of the company’s stock worth $2,612,000 after acquiring an additional 295 shares during the last quarter. Nordea Investment Management AB acquired a new stake in Credo Technology Group during the fourth quarter worth about $2,084,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Credo Technology Group in the 4th quarter worth about $336,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Needham named Credo a 2026 “top pick,” calling it an attractive way to play the AI/data‑center connectivity ramp — a high‑profile analyst endorsement likely lifted investor sentiment and buying. Credo Stock Jumps After Analyst Makes the AI Play a ‘Top Pick’ for 2026
• Positive Sentiment: Unusually large volume in call options indicates bullish speculative positioning and demand for upside exposure, supporting near‑term price strength. Investors Buy High Volume of Call Options on Credo Technology Group (NASDAQ:CRDO)
• Positive Sentiment: Coverage pieces highlighting Credo as a “must‑buy” AI/semiconductor name and stories explaining the 7.3% move draw attention to the company’s strong AEC (Active Electrical Cable) adoption and AI tailwinds. Those narratives are attracting momentum traders. Why Credo Technology Group Holding Ltd’s (CRDO) Stock Is Up 7.30%
• Positive Sentiment: Analyst/sector pieces that group Credo with other top-ranked semiconductor/AI beneficiaries (NVDA, MU) reinforce the view that rising semiconductor and data‑center spend should sustain revenue momentum. 4 Top‑Ranked Tech Stocks to Buy as Semiconductor Rally Continues
• Neutral Sentiment: Wall‑Street commentary continues to treat Credo as an up‑and‑coming name; Bank of America lowered its price target from $240 to $200 but kept a Buy — mixed signal (lower target but maintained conviction). Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?
• Negative Sentiment: Material insider selling from top executives: CEO William Brennan and CFO Daniel Fleming sold multiple blocks of shares (early Jan filings), reducing their holdings by several percent — a development that can weigh on sentiment despite company fundamentals. SEC filings available. CEO Form 4 CFO Form 4
• Negative Sentiment: Additional reported insider selling (CTO) and media notes that the stock briefly traded down after insider sales highlight that insiders are taking chips off the table, which could cap gains if selling continues. Insider Selling: CTO Sells $4.3M in Stock Trading Down After Insider Selling

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.