Credo Technology Group (NASDAQ:CRDO) CEO William Joseph Brennan Sells 6,149 Shares

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 6,149 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $101.45, for a total value of $623,816.05. Following the completion of the transaction, the chief executive officer owned 228,460 shares in the company, valued at approximately $23,177,267. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $101.45, for a total value of $623,816.05.
• On Wednesday, March 11th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $117.68, for a total value of $5,884,000.00.
• On Wednesday, March 11th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The shares were sold at an average price of $117.68, for a total value of $2,120,122.88.
• On Thursday, January 29th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $127.69, for a total value of $6,384,500.00.
• On Thursday, January 29th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The shares were sold at an average price of $127.69, for a total value of $2,300,463.04.
• On Thursday, January 8th, William Joseph Brennan sold 9,476 shares of Credo Technology Group stock. The shares were sold at an average price of $139.54, for a total value of $1,322,281.04.
• On Wednesday, January 7th, William Joseph Brennan sold 10,456 shares of Credo Technology Group stock. The shares were sold at an average price of $135.03, for a total value of $1,411,873.68.

Credo Technology Group Trading Up 1.0%

NASDAQ CRDO opened at $102.46 on Tuesday. The firm has a market capitalization of $18.90 billion, a P/E ratio of 56.92 and a beta of 2.72. The business has a fifty day simple moving average of $112.69 and a 200 day simple moving average of $138.19. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.29. The company had revenue of $407.01 million during the quarter, compared to analyst estimates of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.Credo Technology Group’s quarterly revenue was up 201.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. As a group, sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Credo Technology Group

Large investors have recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its holdings in Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after acquiring an additional 106 shares during the last quarter. Reflection Asset Management purchased a new stake in Credo Technology Group in the 4th quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new stake in Credo Technology Group in the 3rd quarter worth about $25,000. Acumen Wealth Advisors LLC purchased a new stake in Credo Technology Group in the 4th quarter worth about $25,000. Finally, First Horizon Corp purchased a new stake in Credo Technology Group in the 3rd quarter worth about $26,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRDO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research report on Friday, March 27th. Roth Mkm decreased their target price on Credo Technology Group from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 10th. Craig Hallum reaffirmed a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Barclays reaffirmed an “overweight” rating and set a $260.00 target price on shares of Credo Technology Group in a research report on Thursday, January 15th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $125.00 target price on shares of Credo Technology Group in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Credo Technology Group has a consensus rating of “Buy” and an average price target of $206.33.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Company reported record Q3 FY26 results with surging revenue and gross margins driven by AI demand, growth in AEC (copper) deployments and hyperscaler expansion — the earnings beat and margin expansion underpin stronger profitability and support a bullish growth thesis. What’s Behind Credo’s Strong Margins and Profitability Gains?
• Positive Sentiment: Analyst/market notes point to a discounted P/E relative to growth prospects and solid cash position; commentary frames CRDO as a valuation play on durable AI connectivity demand and expanding product set. Credo Technology Trades at a Discounted P/E: Time to Buy the Stock?
• Positive Sentiment: Industry analysis argues recent “copper panic” selloff is overdone — Credo’s AEC copper solutions remain energy- and latency-efficient for many XPU/AI interconnect use cases; Broadcom commentary cited as validating continued demand for direct-attach copper, supporting Credo’s long-term TAM. Credo: Why The Copper Panic Is Wrong
• Neutral Sentiment: Comparative coverage contrasts Credo with peers (e.g., Synaptics); useful for investors doing cross-stock valuation and product positioning checks, but less immediately market-moving than earnings or insider activity. Head to Head Contrast: Synaptics (NASDAQ:SYNA) and Credo Technology Group (NASDAQ:CRDO)
• Negative Sentiment: Multiple insiders (CEO, CFO, COO, CTO) filed Form 4s showing share sales on Apr 2 & 5 at ~ $101.45; sales reduced individual ownerships by low single-digit percentages. While amounts are modest relative to insider holdings (likely diversification/liquidity), the cluster of sales can weigh on near-term sentiment. CEO Form 4 (SEC)

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.