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 the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $101.45, for a total value of $249,567.00. Following the completion of the transaction, the chief financial officer directly owned 443,718 shares of the company’s stock, valued at $45,015,191.10. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Credo Technology Group Price Performance

CRDO traded up $1.01 during trading on Monday, reaching $102.46. 4,151,280 shares of the stock were exchanged, compared to its average volume of 7,064,125. The business’s 50 day moving average price is $113.21 and its two-hundred day moving average price is $138.68. The company 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 Holding Ltd. has a 1 year low of $29.09 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 for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. The business had revenue of $407.01 million during 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 revenue for the quarter was up 201.5% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. On average, analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CRDO shares. Susquehanna cut their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research report on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the stock a “buy” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a research note on Tuesday, March 3rd. Mizuho lowered their target price on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a research report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $206.33.

Credo Technology Group News Summary

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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System grew its holdings in Credo Technology Group by 17.2% in the second quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after purchasing an additional 37,772 shares during the period. Optimize Financial Inc purchased a new position in Credo Technology Group during the third quarter worth approximately $1,431,000. Estate Counselors LLC purchased a new position in Credo Technology Group during the third quarter worth approximately $2,548,000. Global Trust Asset Management LLC acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at $2,167,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Credo Technology Group by 106.5% in the 3rd quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock valued at $21,279,000 after purchasing an additional 75,369 shares during the last quarter. Institutional investors and hedge funds 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.