Key Points
- James Laufman sold 10,000 shares at an average price of $164.41 for proceeds of $1,644,100, trimming his position by 4.79% to 198,609 shares.
- Credo reported a strong quarter—EPS $1.07 vs. $0.78 consensus and revenue $407.0M (up 201.5% YoY)—with a 31.8% net margin and ~29.6% return on equity.
- An agreed acquisition of DustPhotonics for about $750M and multiple analyst upgrades have fueled buying interest (consensus "Moderate Buy", target ~$207.81), but recent insider sales and rich valuation raise the risk of near‑term pullbacks.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) insider James Laufman sold 10,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $164.41, for a total transaction of $1,644,100.00. Following the completion of the sale, the insider owned 198,609 shares of the company's stock, valued at approximately $32,653,305.69. This represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Credo Technology Group Price Performance
Shares of CRDO stock opened at $160.69 on Friday. The firm has a 50-day moving average of $116.19 and a 200-day moving average of $137.29. The company has a market cap of $29.64 billion, a P/E ratio of 89.27 and a beta of 2.72. Credo Technology Group Holding Ltd. has a one year low of $33.04 and a one year high of $213.80.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.78 by $0.29. The company had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm's revenue for the quarter was up 201.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.25 earnings per share. As a group, research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Credo Technology Group
Large investors have recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in shares of Credo Technology Group in the third quarter valued at approximately $25,000. Crewe Advisors LLC lifted its position in Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company's stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. Reflection Asset Management bought a new stake in Credo Technology Group during the fourth quarter valued at approximately $25,000. Acumen Wealth Advisors LLC bought a new stake in Credo Technology Group during the fourth quarter valued at approximately $25,000. Finally, First Horizon Corp bought a new stake in Credo Technology Group during the third quarter valued at approximately $26,000. 80.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on CRDO shares. Jefferies Financial Group started coverage on shares of Credo Technology Group in a research note on Monday, April 13th. They issued a "buy" rating and a $175.00 target price for the company. Mizuho cut their price objective on shares of 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. The Goldman Sachs Group raised their price objective on shares of Credo Technology Group from $150.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $220.00 price objective on shares of Credo Technology Group in a research report on Wednesday. Finally, Susquehanna cut their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a "positive" rating for the company in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Credo Technology Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.81.
Check Out Our Latest Analysis on CRDO
Credo Technology Group News Roundup
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Acquisition catalyst — Credo agreed to acquire DustPhotonics for about $750M to add silicon‑photonic PIC technology and expand its addressable market in AI/data‑center optical connectivity; this deal is the main driver behind recent buying interest. Read More.
- Positive Sentiment: Analyst upgrade from Zacks — Zacks moved CRDO to a Rank #1 (Strong Buy), signaling improved near‑term earnings optimism that can attract momentum buyers. Read More.
- Positive Sentiment: Brokerage support and price‑target lifts — Multiple firms have issued bullish notes or higher targets (examples include Mizuho, Rosenblatt and others), reinforcing the growth narrative and feeding demand. Read More.
- Positive Sentiment: Bullish market commentary — Several market commentators and buy‑the‑dip investors have publicly argued the optical pivot supports further upside, which can sustain momentum among retail and tactical funds. Read More.
- Neutral Sentiment: ESG disclosure — Credo published its first FY2025 GHG report, improving transparency (plans to add Scope 3). This may broaden investor interest over time but is unlikely to change near‑term fundamentals. Read More.
- Neutral Sentiment: Analyst signal mix — While several firms are bullish, some ratings remain neutral or mixed; differing views can amplify short‑term swings as investors debate valuation. Read More.
- Neutral Sentiment: M&A execution watchlist — Management indicated follow‑up investor calls/transcripts and integration details are forthcoming; timing and cost synergies will matter for modeling long‑term upside. Read More.
- Negative Sentiment: Insider selling — Several insiders have sold shares recently (e.g., James Laufman sold 10,000 shares at ~$164.41; CFO Daniel Fleming sold 7,580 shares under a 10b5‑1 plan). Although some sales are pre‑arranged, traders cite them as prompts for profit‑taking. Read More. Read More.
- Negative Sentiment: Profit‑taking and valuation risk — After a large multi‑week run and rich multiples, CRDO is more sensitive to mixed research notes, insider sales, and rotations away from high‑beta/AI‑related names, raising the chance of short‑term pullbacks. Read More.
About Credo Technology Group
(
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.
Further Reading
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