Credo Technology Group (NASDAQ:CRDO) Stock: Insider Pantas Sutardja Sells 1,540 Shares

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Pantas Sutardja sold 1,540 shares of Credo Technology Group stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $212.22, for a total value of $326,818.80. Following the transaction, the director owned 5,890,494 shares of the company’s stock, valued at approximately $1,250,080,636.68. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Trading Down 0.4%

Shares of NASDAQ:CRDO opened at $178.50 on Friday. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67. The company has a market capitalization of $33.55 billion, a PE ratio of 63.52, a PEG ratio of 0.71 and a beta of 3.25. The business has a 50 day moving average of $206.04 and a two-hundred day moving average of $205.07.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $479.00 million for the quarter, compared to analysts’ expectations of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The business’s revenue was up 114.7% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. Equities research analysts predict that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Credo Technology Group News Summary

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

• Positive Sentiment: Credo’s AI infrastructure opportunity remains the central bullish argument. The company supplies high-speed electrical and optical connectivity used to address data-center bandwidth bottlenecks, and recent coverage highlights new optical cabling and memory-related technologies aimed at large AI workloads. Beyond the GPU: Credo Paves the Next AI Data Superhighway
• Positive Sentiment: Fundamentals remain strong: the latest quarter produced $479 million in revenue, up 114.7% year over year, and exceeded analyst expectations. Coverage points to revenue guidance of approximately $525 million to $535 million and fiscal 2027 growth of more than 85%. Credo Revenue Outlook
• Positive Sentiment: Several investor articles characterize the recent weakness as a potential buying opportunity, arguing that Credo’s growth could justify its premium valuation if its newer product lines scale successfully. Credo Became a Strong Buy on This Heavy Dip
• Neutral Sentiment: Rosenblatt Securities reaffirmed a “neutral” rating but raised its price target to $235, implying substantial upside from recent trading levels. Analysts remain divided on whether CRDO offers better risk-adjusted value than peers such as Coherent, Arm and Astera Labs. CRDO vs. COHR
• Negative Sentiment: The stock has decreased amid profit-taking across AI infrastructure names. Its elevated valuation, high volatility and dependence on major customers make investors more sensitive to any sign that growth or new-product launches could disappoint.
• Negative Sentiment: Recent insider transactions add modest pressure to sentiment: the CTO, CFO and a director sold shares under pre-arranged Rule 10b5-1 plans. The sales were small relative to their remaining holdings, but multiple transactions may reinforce caution during the pullback.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRDO. Susquehanna increased their price target on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Bank of America dropped their price target on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, September 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $235.00 price objective on shares of Credo Technology Group in a report on Thursday. Barclays lifted their price objective on shares of Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Zacks Research downgraded shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.67.

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Credo Technology Group by 2.6% in the third quarter. GAMMA Investing LLC now owns 1,986 shares of the company’s stock valued at $387,000 after purchasing an additional 51 shares during the period. City Center Advisors LLC increased its position in shares of Credo Technology Group by 2.1% in the second quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock valued at $706,000 after buying an additional 53 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Credo Technology Group by 8.0% in the second quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock valued at $205,000 after buying an additional 56 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Credo Technology Group by 1.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock worth $507,000 after buying an additional 91 shares during the period. Finally, Krilogy Financial LLC raised its stake in shares of Credo Technology Group by 8.7% during the 3rd quarter. Krilogy Financial LLC now owns 1,136 shares of the company’s stock worth $228,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.