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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 6,149 shares of the firm’s stock in a transaction on Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $623,816.05. Following the completion of the sale, the chief executive officer owned 222,311 shares in the company, valued at $22,553,450.95. This represents a 2.69% decrease in their ownership of the stock. The transaction 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 shares were sold at an average price of $101.45, for a total transaction of $623,816.05.
• On Wednesday, March 11th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $117.68, for a total transaction 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 shares were 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 shares were sold at an average price of $127.69, for a total value 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 value 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 value of $1,411,873.68.

Credo Technology Group Price Performance

Shares of CRDO traded up $1.01 on Monday, reaching $102.46. 4,151,280 shares of the stock traded hands, compared to its average volume of 7,064,125. The stock’s 50-day moving average price is $113.21 and its 200-day moving average price is $138.68. The firm has a market cap 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 12 month low of $29.09 and a 12 month high of $213.80.

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

Institutional Investors Weigh In On Credo Technology Group

Several large investors have recently made changes to their positions in CRDO. Corient Private Wealth LLC lifted its holdings 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 valued at $517,835,000 after purchasing an additional 3,597,318 shares during the last quarter. Amundi grew its stake in Credo Technology Group by 28,478.2% during the fourth quarter. Amundi now owns 1,559,796 shares of the company’s stock worth $224,439,000 after buying an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Credo Technology Group by 841.9% during the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock worth $228,979,000 after buying an additional 1,422,391 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after buying an additional 1,406,752 shares in the last quarter. Finally, Rafferty Asset Management LLC bought a new position in shares of Credo Technology Group in the third quarter valued at approximately $183,553,000. 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: 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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CRDO. Roth Mkm decreased 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. Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a research report on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price target on shares of Credo Technology Group and gave the stock a “buy” rating in a research note on Thursday, February 19th. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $206.33.

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.