Sen. Markwayne Mullin Sells Off Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO)

Senator Markwayne Mullin (Republican-Oklahoma) recently sold shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO). In a filing disclosed on March 02nd, the Senator disclosed that they had sold between $15,001 and $50,000 in Credo Technology Group stock on February 4th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 2/4/2026.
• Purchased $15,001 – $50,000 in shares of McKesson (NYSE:MCK) on 2/4/2026.
• Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 2/4/2026.
• Purchased $15,001 – $50,000 in shares of FirstCash (NASDAQ:FCFS) on 2/4/2026.
• Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 2/4/2026.
• Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 2/4/2026.
• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/4/2026.
• Purchased $15,001 – $50,000 in shares of Monolithic Power Systems (NASDAQ:MPWR) on 2/4/2026.
• Purchased $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 2/4/2026.
• Purchased $15,001 – $50,000 in shares of VSE (NASDAQ:VSEC) on 2/4/2026.

Credo Technology Group Stock Performance

NASDAQ CRDO opened at $102.54 on Thursday. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $213.80. The company has a 50-day simple moving average of $131.11 and a 200-day simple moving average of $143.15. The firm has a market capitalization of $18.52 billion, a PE ratio of 56.97 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping 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 net margin of 31.81% and a return on equity of 37.17%. Credo Technology Group’s revenue was up 201.5% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. Equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Credo Technology Group News Roundup

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

• Positive Sentiment: Q3 earnings beat and raised revenue outlook: Credo reported record Q3 revenue (~$407M) and topped EPS/revenue estimates; management gave Q4 revenue guidance above Street consensus, supporting continued high growth expectations. CRDO Q3 Earnings Highlights
• Positive Sentiment: Product ramps and strategic deals: Credo highlighted accelerating ZeroFlap optics ramp, a TensorWave partnership and the CoMira acquisition — moves that expand its AI interconnect addressable market. These operational catalysts underpin bullish long‑term growth narratives. Credo & TensorWave Team Up
• Positive Sentiment: Analyst buy reiterations: Several firms (e.g., Needham, William Blair, BofA) reiterated Buy ratings or remained constructive, providing support for upside expectations despite some PT cuts. Wall Street Bullish on Credo
• Neutral Sentiment: Mixed price-target moves: Several firms adjusted targets — some trimming numbers (Susquehanna, Mizuho, Rosenblatt, Stifel) even while keeping positive/outperform stances. That yields divergent analyst views and wider modeled outcomes. Analysts Slash Forecasts
• Neutral Sentiment: Short-interest data appears noisy: recent feeds show zero or malformed short‑interest figures (likely a reporting/data issue) — not meaningful evidence of a short squeeze or new short pressure. (No reliable link available)
• Neutral Sentiment: Investor commentary split: multiple independent pieces frame the post‑earnings pullback as either a buying opportunity or a warning sign — reinforcing two‑sided sentiment that will amplify intraday moves. Pullback May Be The Opportunity
• Negative Sentiment: Post‑earnings sell‑off and margin/growth concerns: Despite the beat, shares fell sharply in post‑earnings trade as investors focused on guidance that implies lower gross margins and potential deceleration in AEC demand beyond FY26 — prompting fear that growth could slow into FY27. Beat, Raise, Drop 10%
• Negative Sentiment: Analysts trimming forecasts: several firms lowered targets/forecasts after the print, reflecting higher model uncertainty and pressuring near‑term sentiment. Analysts Slash Forecasts
• Negative Sentiment: Macro/sector volatility amplified the reaction: broader tech/A.I. swings (including geopolitical headlines and Nvidia‑led moves) increased risk‑off flows, magnifying Credo’s intraday volatility independent of fundamentals. Dow Jones Futures Fall
• Negative Sentiment: Customer concentration risk: commentary and transcripts note a high percentage of revenue from a few hyperscalers, which increases sensitivity to customer ordering patterns and can exacerbate perceived growth risk. Credo Expects >50% Revenue Growth

Hedge Funds Weigh In On Credo Technology Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Reflection Asset Management acquired a new position in Credo Technology Group in the fourth quarter worth approximately $25,000. Clearwave Capital LLC bought a new stake in shares of Credo Technology Group during the 4th quarter worth $708,000. BDFS Capital LLC acquired a new position in shares of Credo Technology Group in the 4th quarter worth $775,000. Sit Investment Associates Inc. acquired a new stake in shares of Credo Technology Group during the fourth quarter worth $1,163,000. Finally, Mariner Investment Group LLC purchased a new stake in shares of Credo Technology Group during the fourth quarter valued at $288,000. Institutional investors own 80.46% of the company’s stock.

Insider Activity at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $174.70, for a total value of $9,608,500.00. Following the transaction, the chief technology officer owned 6,613,961 shares of the company’s stock, valued at approximately $1,155,458,986.70. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Yat Tung Lam sold 370,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the sale, the chief operating officer owned 400,000 shares in the company, valued at approximately $61,276,000. The trade was a 48.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 917,976 shares of company stock worth $136,567,647 in the last quarter. 11.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRDO has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. Barclays reissued an “overweight” rating and set a $260.00 price target on shares of Credo Technology Group in a report on Thursday, January 15th. Susquehanna dropped their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday. Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Rosenblatt Securities decreased their target price on shares of Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $206.33.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.