Credo Technology Group (NASDAQ:CRDO) Director Sells $326,818.80 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Pantas Sutardja sold 1,540 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $212.22, for a total transaction of $326,818.80. Following the completion of the sale, the director directly owned 5,890,494 shares in the company, valued at approximately $1,250,080,636.68. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Stock Performance

NASDAQ CRDO traded down $8.80 on Friday, reaching $169.70. The company’s stock had a trading volume of 6,386,712 shares, compared to its average volume of 9,016,253. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The firm’s 50 day moving average is $204.44 and its two-hundred day moving average is $204.83. The stock has a market cap of $31.90 billion, a PE ratio of 60.39, a PEG ratio of 0.71 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO) last posted 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 firm had revenue of $479.00 million during the quarter, compared to analyst estimates of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The company’s revenue was up 114.7% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds have recently modified their holdings of CRDO. GAMMA Investing LLC boosted its stake in shares of Credo Technology Group by 2.6% in the 3rd 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 last quarter. City Center Advisors LLC raised its stake in shares of Credo Technology Group by 2.1% during the second quarter. City Center Advisors LLC now owns 2,595 shares of the company’s stock worth $706,000 after buying an additional 53 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Credo Technology Group by 8.0% during the second quarter. Versant Capital Management Inc now owns 755 shares of the company’s stock worth $205,000 after buying an additional 56 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Credo Technology Group by 28.1% during the third quarter. TD Waterhouse Canada Inc. now owns 337 shares of the company’s stock worth $71,000 after buying an additional 74 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in Credo Technology Group by 1.7% in the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after buying an additional 91 shares during the period. 80.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRDO has been the subject of a number of recent research reports. Stifel Nicolaus cut their target price on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Susquehanna raised their target price on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. TD Cowen lifted their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Mizuho lowered their price target on shares of Credo Technology Group from $290.00 to $245.00 and set an “outperform” rating on the stock in a report on Monday, September 21st. Finally, Barclays boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Credo Technology Group presently has an average rating of “Moderate Buy” and a consensus price target of $262.67.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Credo is starting a new optical connectivity standards group, an initiative that could help shape industry requirements and support adoption of its optical products across AI data centers. Credo starts optical connectivity standards group
• Positive Sentiment: Recent coverage emphasizes Credo’s role in solving connectivity and reliability bottlenecks between processors in large AI clusters. Its high-speed connectivity products could become increasingly important as hyperscalers expand AI infrastructure. Credo AI connectivity outlook
• Positive Sentiment: The company’s latest reported quarter showed revenue rising 114.7% year over year to $479 million, exceeding estimates, while EPS also beat expectations. This performance supports the bullish view that AI-related demand remains strong.
• Neutral Sentiment: Rosenblatt reaffirmed a “Neutral” rating but raised its price target to $235, implying meaningful potential upside from recent levels. Broader analyst sentiment remains positive, although target-price reductions and comparisons with Arm and Coherent highlight valuation and execution risks.
• Negative Sentiment: CRDO has been pressured alongside other AI infrastructure stocks by sector-wide profit-taking. With a premium earnings multiple, high volatility and reliance on major customers, the stock is particularly sensitive to changes in AI spending expectations.
• Negative Sentiment: Director Pantas Sutardja sold approximately $326,819 of stock under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.03% of his holdings, limiting its significance, but insider selling may still weigh on investor sentiment. Credo director stock sale

About Credo Technology Group

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.