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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 6,149 shares of the business’s stock in a transaction dated Sunday, April 5th. The stock was sold at an average price of $101.45, for a total value of $623,816.05. Following the completion of the sale, the chief executive officer directly owned 222,311 shares of the company’s stock, valued at $22,553,450.95. This represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, April 2nd, William Joseph Brennan sold 6,149 shares of Credo Technology Group stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $127.69, for a total transaction of $2,300,463.04.
• On Thursday, January 8th, William Joseph Brennan sold 9,476 shares of Credo Technology Group stock. The stock was sold at an average price of $139.54, for a total transaction of $1,322,281.04.
• 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.

Credo Technology Group Trading Up 1.0%

Shares of Credo Technology Group stock opened at $102.46 on Tuesday. The firm 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 1-year low of $29.09 and a 1-year high of $213.80. The stock has a market capitalization of $18.90 billion, a price-to-earnings ratio of 56.92 and a beta of 2.72.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $220.00 price objective on shares of Credo Technology Group in a research note 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 for the company in a research note on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research report on Friday, March 27th. Finally, Roth Mkm dropped their target price 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. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $206.33.

Key Credo Technology Group News

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)

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of CRDO. NewEdge Advisors LLC increased its position in Credo Technology Group by 128.4% during the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares during the period. Goldman Sachs Group Inc. increased its holdings in Credo Technology Group by 63.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after buying an additional 589,151 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Credo Technology Group by 2.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock valued at $12,480,000 after buying an additional 7,107 shares during the period. Norges Bank bought a new stake in Credo Technology Group in the 2nd quarter valued at $10,818,000. Finally, Lido Advisors LLC bought a new stake in Credo Technology Group in the 2nd quarter valued at $310,000. Institutional investors own 80.46% of the company’s stock.

About Credo Technology Group

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.