Key Points
- CFO Daniel Fleming sold 7,580 shares on April 14 at an average price of $152.63 under a pre‑arranged Rule 10b5‑1 plan, generating about $1.16 million and reducing his stake to 433,678 shares (a 1.72% decrease).
- Credo reported a strong quarter (EPS $1.07 vs. $0.78 consensus; revenue $407.0M, up 201.5% YoY) and announced a strategic acquisition of DustPhotonics (≈$750M), which helped fuel analyst interest and an average price target near $207.81 with a "Moderate Buy" consensus.
- The stock is volatile—down 5.6 in recent trading with a high PE (~88) and beta 2.72—and the combination of insider sales and mixed analyst notes raises short‑term profit‑taking risk despite the recent rally.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CFO Daniel Fleming sold 7,580 shares of the business's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $152.63, for a total value of $1,156,935.40. Following the transaction, the chief financial officer owned 433,678 shares of the company's stock, valued at approximately $66,192,273.14. This represents a 1.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Credo Technology Group Trading Down 5.6%
Shares of NASDAQ CRDO opened at $158.93 on Friday. The stock has a 50 day simple moving average of $115.20 and a 200-day simple moving average of $137.19. The company has a market cap of $29.31 billion, a PE ratio of 88.29 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 12-month low of $33.04 and a 12-month high of $213.80.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business's revenue was up 201.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.
Analyst Ratings Changes
CRDO has been the subject of several analyst reports. Rosenblatt Securities boosted their price objective on Credo Technology Group from $125.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday. Mizuho reduced their price objective on Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating for the company in a research report on Tuesday, March 3rd. Barclays reiterated an "overweight" rating and set a $260.00 price objective on shares of Credo Technology Group in a research report on Thursday, January 15th. Craig Hallum restated a "buy" rating and issued a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Credo Technology Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $207.81.
View Our Latest Stock Report on Credo Technology Group
More Credo Technology Group News
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Strategic acquisition — Credo agreed to buy DustPhotonics (reported at roughly $750M) to add silicon‑photonic PIC technology and deepen its role in AI/data‑center optical connectivity; the deal expands addressable market and was the primary catalyst for the recent rally. Credo Acquires DustPhotonics
- Positive Sentiment: Strong analyst support — Multiple firms issued bullish notes or initiated coverage (Needham reaffirmed Buy with a $220 target; Jefferies began coverage), which reinforces the growth narrative and likely drew fresh demand. Brokerage Notes
- Positive Sentiment: Heavy call‑option flow — Reports of unusually large call buying suggest speculative and hedged bullish positioning that can amplify upside momentum. Options Activity
- Neutral Sentiment: ESG disclosure — Credo released its first FY2025 GHG report, improving transparency (plans to expand to Scope 3). ESG reporting may broaden investor interest but is unlikely to move near‑term fundamentals. GHG Report
- Neutral Sentiment: Mixed analyst signals — Rosenblatt raised its price target to $175 but kept a Neutral rating; Zacks moved from strong‑buy to hold. Conflicting analyst views can increase short‑term volatility as investors parse differing valuations. Analyst Coverage Notes
- Neutral Sentiment: Management outreach — An M&A call/transcript and further integration details are expected; execution details and timing will be important for modeling the acquisition’s financial impact. M&A Call Transcript
- Negative Sentiment: Insider selling — CTO Chi Fung Cheng recently sold multiple blocks (including 27,500 shares) and CFO Daniel Fleming sold 7,580 shares under pre‑arranged 10b5‑1 plans; while disclosed as planned, these sales have been cited by traders as a reason for near‑term profit‑taking. CTO Form 4 / MarketBeat CFO Form 4
- Negative Sentiment: Short‑term profit‑taking risk — After a rapid run (one‑year returns well into triple digits), the stock is more sensitive to mixed research notes, insider sales, and general market rotation away from high‑beta, AI‑related names. Market Commentary
Institutional Investors Weigh In On Credo Technology Group
A number of institutional investors have recently added to or reduced their stakes in the company. Savant Capital LLC lifted its position in Credo Technology Group by 0.7% in the third quarter. Savant Capital LLC now owns 9,914 shares of the company's stock worth $1,444,000 after purchasing an additional 68 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Credo Technology Group by 16.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company's stock worth $80,000 after purchasing an additional 77 shares during the period. Illinois Municipal Retirement Fund lifted its position in Credo Technology Group by 0.6% in the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company's stock worth $2,298,000 after purchasing an additional 91 shares during the period. Mark Sheptoff Financial Planning LLC lifted its position in Credo Technology Group by 2.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company's stock worth $741,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc lifted its position in Credo Technology Group by 18.0% in the third quarter. Versant Capital Management Inc now owns 663 shares of the company's stock worth $97,000 after purchasing an additional 101 shares during the period. 80.46% of the stock is currently owned by institutional investors and hedge funds.
Credo Technology Group Company Profile
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Get Free Report)
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.
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