Traders Buy High Volume of Credo Technology Group Call Options (NASDAQ:CRDO)

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) saw unusually large options trading activity on Monday. Stock investors bought 29,633 call options on the stock. This is an increase of 27% compared to the average volume of 23,300 call options.

Insider Buying and Selling at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $136.33, for a total value of $4,089,900.00. Following the transaction, the chief technology officer directly owned 6,327,370 shares of the company’s stock, valued at $862,610,352.10. The trade was a 0.47% 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. Also, CEO William Joseph Brennan sold 50,000 shares of Credo Technology Group stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,782,502 shares in the company, valued at approximately $209,764,835.36. The trade was a 2.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 388,919 shares of company stock worth $46,143,535. 11.84% of the stock is owned by insiders.

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds have recently bought and sold shares of the company. Spear Advisors LLC bought a new position in Credo Technology Group in the 4th quarter worth about $11,705,000. World Investment Advisors boosted its stake in Credo Technology Group by 77.5% in the 4th quarter. World Investment Advisors now owns 2,870 shares of the company’s stock worth $413,000 after purchasing an additional 1,253 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Credo Technology Group by 1,665.6% in the 4th quarter. Corient Private Wealth LLC now owns 26,573 shares of the company’s stock worth $3,824,000 after purchasing an additional 25,068 shares in the last quarter. Reflection Asset Management bought a new position in Credo Technology Group in the 4th quarter worth about $25,000. Finally, Clearwave Capital LLC bought a new position in Credo Technology Group in the 4th quarter worth about $708,000. Institutional investors own 80.46% of the company’s stock.

Key Credo Technology Group News

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

• Positive Sentiment: Credo announced it will acquire DustPhotonics to accelerate expansion into silicon photonics and next‑generation optical connectivity — a strategic move that broadens Credo’s technology mix beyond copper interconnects and could support longer‑term data‑center demand growth. Read More.
• Positive Sentiment: Jefferies initiated coverage with a Buy and $175 price target, arguing Credo is an underappreciated play on AI infrastructure and signaling institutional support for a higher valuation multiple. Read More.
• Positive Sentiment: Unusual options activity: traders bought roughly 29,633 call options (about 27% above typical call volume), a near‑term bullish signal that likely amplified intraday buying pressure.
• Positive Sentiment: Multiple analyst narratives are highlighting Credo’s AI exposure and growth runway (strong revenue and margin trajectory cited), framing the stock as underappreciated by the market which supports a re‑rating if execution continues. Read More.
• Neutral Sentiment: Financial press and stock‑pick sites are amplifying the move and debating copper vs optical solutions for AI data centers; coverage can both attract momentum buyers and increase short‑term volatility. Read More.
• Neutral Sentiment: Third‑party writeups and comparison pieces (Seeking Alpha, AmericanBankingNews) are bullish in tone but reflect narrative building rather than new financial data; useful for sentiment but less directly catalytic than the acquisition or Jefferies coverage. Read More. and Read More.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CRDO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research note on Friday, March 27th. Craig Hallum reissued a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Susquehanna reduced their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a research report on Tuesday, March 3rd. Roth Mkm reduced their price objective on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the company a “buy” rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Credo Technology Group currently has an average rating of “Buy” and a consensus price target of $204.38.

Credo Technology Group Price Performance

NASDAQ:CRDO opened at $134.36 on Tuesday. The firm’s 50-day moving average price is $111.60 and its 200-day moving average price is $136.70. The company has a market capitalization of $24.78 billion, a PE ratio of 74.64 and a beta of 2.72. Credo Technology Group has a 1-year low of $33.04 and a 1-year high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. The company had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. Credo Technology Group’s revenue was up 201.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. Equities analysts anticipate that Credo Technology Group will post 0.13 EPS for the current fiscal year.

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.