Credo Technology Group (NASDAQ:CRDO) CEO William Joseph Brennan Sells 10,456 Shares of Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 10,456 shares of Credo Technology Group stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $135.03, for a total transaction of $1,411,873.68. Following the transaction, the chief executive officer directly owned 280,117 shares in the company, valued at $37,824,198.51. This represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

William Joseph Brennan also recently made the following trade(s):

• On Thursday, January 8th, William Joseph Brennan sold 9,476 shares of Credo Technology Group stock. The shares were sold at an average price of $139.54, for a total transaction of $1,322,281.04.
• On Thursday, December 11th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The stock was sold at an average price of $153.16, for a total value of $7,658,000.00.
• On Thursday, December 11th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The shares were sold at an average price of $153.16, for a total value of $2,759,330.56.
• On Thursday, October 30th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The stock was sold at an average price of $171.23, for a total value of $8,561,500.00.
• On Thursday, October 30th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The shares were sold at an average price of $171.23, for a total value of $3,084,879.68.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $150.42 on Friday. The firm has a market cap of $27.17 billion, a PE ratio of 131.95 and a beta of 2.66. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The stock has a fifty day moving average price of $154.28 and a 200-day moving average price of $136.55.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. The company had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm’s revenue for the quarter was up 272.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

CRDO has been the topic of several research reports. Barclays boosted their target price on Credo Technology Group from $165.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Wall Street Zen raised shares of Credo Technology Group from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Mizuho raised their price objective on shares of Credo Technology Group from $165.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus set a $160.00 target price on Credo Technology Group in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $217.08.

Hedge Funds Weigh In On Credo Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp purchased a new stake in shares of Credo Technology Group in the 3rd quarter valued at about $25,000. First Horizon Corp bought a new position in shares of Credo Technology Group in the third quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Credo Technology Group in the second quarter valued at approximately $27,000. Smartleaf Asset Management LLC lifted its position in Credo Technology Group by 133.6% during the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after purchasing an additional 147 shares during the last quarter. Finally, Park Place Capital Corp purchased a new position in Credo Technology Group in the 3rd quarter worth approximately $41,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Needham named Credo a 2026 “top pick,” calling it an attractive way to play the AI/data‑center connectivity ramp — a high‑profile analyst endorsement likely lifted investor sentiment and buying. Credo Stock Jumps After Analyst Makes the AI Play a ‘Top Pick’ for 2026
• Positive Sentiment: Unusually large volume in call options indicates bullish speculative positioning and demand for upside exposure, supporting near‑term price strength. Investors Buy High Volume of Call Options on Credo Technology Group (NASDAQ:CRDO)
• Positive Sentiment: Coverage pieces highlighting Credo as a “must‑buy” AI/semiconductor name and stories explaining the 7.3% move draw attention to the company’s strong AEC (Active Electrical Cable) adoption and AI tailwinds. Those narratives are attracting momentum traders. Why Credo Technology Group Holding Ltd’s (CRDO) Stock Is Up 7.30%
• Positive Sentiment: Analyst/sector pieces that group Credo with other top-ranked semiconductor/AI beneficiaries (NVDA, MU) reinforce the view that rising semiconductor and data‑center spend should sustain revenue momentum. 4 Top‑Ranked Tech Stocks to Buy as Semiconductor Rally Continues
• Neutral Sentiment: Wall‑Street commentary continues to treat Credo as an up‑and‑coming name; Bank of America lowered its price target from $240 to $200 but kept a Buy — mixed signal (lower target but maintained conviction). Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?
• Negative Sentiment: Material insider selling from top executives: CEO William Brennan and CFO Daniel Fleming sold multiple blocks of shares (early Jan filings), reducing their holdings by several percent — a development that can weigh on sentiment despite company fundamentals. SEC filings available. CEO Form 4 CFO Form 4
• Negative Sentiment: Additional reported insider selling (CTO) and media notes that the stock briefly traded down after insider sales highlight that insiders are taking chips off the table, which could cap gains if selling continues. Insider Selling: CTO Sells $4.3M in Stock Trading Down After Insider Selling

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.