Daniel Fleming Sells 2,460 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CFO Daniel Fleming sold 2,460 shares of Credo Technology Group stock in a transaction on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $249,567.00. Following the transaction, the chief financial officer owned 441,258 shares in the company, valued at $44,765,624.10. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Credo Technology Group Stock Up 1.0%

CRDO traded up $1.01 during midday trading on Monday, reaching $102.46. The company had a trading volume of 4,151,280 shares, compared to its average volume of 7,064,125. The business has a 50-day moving average of $113.21 and a two-hundred day moving average of $138.68. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The company has a market cap of $18.90 billion, a P/E ratio of 56.92 and a beta of 2.72.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on CRDO shares. Mizuho reduced their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. Roth Mkm lowered 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 note on Tuesday, February 10th. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price target on Credo Technology Group and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research report on Friday, March 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $206.33.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Analyst note: Zacks highlights Credo’s record Q3 FY26 results — surging revenue and margins driven by AI demand, AEC growth and hyperscaler expansion, supporting higher profitability expectations. Read More.
• Positive Sentiment: Valuation angle: A Zacks piece points out Credo trades at a discounted P/E relative to growth prospects from AI connectivity and AEC adoption, framing the stock as a potential buy for longer-term investors. Read More.
• Positive Sentiment: Industry/technology support: Seeking Alpha argues the recent selloff over “copper vs optical” fears is overdone — Credo’s copper-based AEC tech is energy-efficient for low-latency XPU links and the company is diversifying with ZeroFlap transceivers and OmniConnect, which supports long-term demand. Read More.
• Positive Sentiment: Legal overhang cleared: Coverage notes a confidential licensing and settlement with TE Connectivity resolved Active Electrical Cable litigation — this removes a material legal uncertainty that had weighed on the stock. Read More.
• Neutral Sentiment: Comparative coverage: A head‑to‑head piece comparing Credo and Synaptics provides context on market positioning but contains no new company-specific catalysts likely to move the stock materially today. Read More.
• Negative Sentiment: Insider sales: Several senior execs (CEO William Brennan, COO Yat Tung Lam, CFO Daniel Fleming, CTO Chi Fung Cheng) sold shares on April 2–5 at an average price of $101.45. Each sale reduced individual ownership by small percentages (CEO ~2.6–2.7%, CTO ~2.2%, CFO ~0.55%, COO ~0.12%), which can create short-term selling pressure or signal profit-taking. SEC filings: Read More., Read More., Read More., Read More.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors have recently bought and sold shares of the stock. Spear Advisors LLC purchased a new position in Credo Technology Group during the fourth quarter valued at $11,705,000. World Investment Advisors lifted 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 holdings in shares of Credo Technology Group by 1,665.6% during the 4th quarter. Corient Private Wealth LLC now owns 26,573 shares of the company’s stock valued at $3,824,000 after purchasing an additional 25,068 shares during the last quarter. Reflection Asset Management bought a new position in shares of Credo Technology Group during the 4th quarter valued at about $25,000. Finally, Clearwave Capital LLC purchased a new position in shares of Credo Technology Group during the fourth quarter valued at about $708,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

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.