Daniel Fleming Sells 7,580 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CFO Daniel Fleming sold 7,580 shares of Credo Technology Group stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $152.63, for a total transaction of $1,156,935.40. Following the sale, the chief financial officer owned 433,678 shares in the company, valued at $66,192,273.14. This represents a 1.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Price Performance

CRDO opened at $160.69 on Friday. Credo Technology Group Holding Ltd. has a fifty-two week low of $33.04 and a fifty-two week high of $213.80. The firm’s fifty day moving average price is $116.19 and its two-hundred day moving average price is $137.29. The company has a market capitalization of $29.64 billion, a P/E ratio of 89.27 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results 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 firm had revenue of $407.01 million for the quarter, compared to the consensus estimate of $385.94 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. The business’s revenue was up 201.5% compared to the same quarter last year. On average, equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRDO shares. Craig Hallum restated a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research note on Friday, March 27th. Roth Mkm reduced 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 downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Credo Technology Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock worth $2,386,449,000 after buying an additional 59,849 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Credo Technology Group by 18.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock worth $1,121,118,000 after buying an additional 1,190,522 shares in the last quarter. State Street Corp lifted its position in Credo Technology Group by 23.4% during the 4th quarter. State Street Corp now owns 4,486,320 shares of the company’s stock worth $645,537,000 after buying an additional 849,654 shares in the last quarter. Geode Capital Management LLC lifted its position in Credo Technology Group by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after buying an additional 184,676 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Credo Technology Group by 239,024.5% during the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after buying an additional 3,597,318 shares in the last quarter. 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: Acquisition catalyst — Credo agreed to acquire DustPhotonics for about $750M to add silicon‑photonic PIC technology and expand its addressable market in AI/data‑center optical connectivity; this deal is the main driver behind recent buying interest. Read More.
• Positive Sentiment: Analyst upgrade from Zacks — Zacks moved CRDO to a Rank #1 (Strong Buy), signaling improved near‑term earnings optimism that can attract momentum buyers. Read More.
• Positive Sentiment: Brokerage support and price‑target lifts — Multiple firms have issued bullish notes or higher targets (examples include Mizuho, Rosenblatt and others), reinforcing the growth narrative and feeding demand. Read More.
• Positive Sentiment: Bullish market commentary — Several market commentators and buy‑the‑dip investors have publicly argued the optical pivot supports further upside, which can sustain momentum among retail and tactical funds. Read More.
• Neutral Sentiment: ESG disclosure — Credo published its first FY2025 GHG report, improving transparency (plans to add Scope 3). This may broaden investor interest over time but is unlikely to change near‑term fundamentals. Read More.
• Neutral Sentiment: Analyst signal mix — While several firms are bullish, some ratings remain neutral or mixed; differing views can amplify short‑term swings as investors debate valuation. Read More.
• Neutral Sentiment: M&A execution watchlist — Management indicated follow‑up investor calls/transcripts and integration details are forthcoming; timing and cost synergies will matter for modeling long‑term upside. Read More.
• Negative Sentiment: Insider selling — Several insiders have sold shares recently (e.g., James Laufman sold 10,000 shares at ~$164.41; CFO Daniel Fleming sold 7,580 shares under a 10b5‑1 plan). Although some sales are pre‑arranged, traders cite them as prompts for profit‑taking. Read More. Read More.
• Negative Sentiment: Profit‑taking and valuation risk — After a large multi‑week run and rich multiples, CRDO is more sensitive to mixed research notes, insider sales, and rotations away from high‑beta/AI‑related names, raising the chance of short‑term pullbacks. Read More.

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.