Credo Technology Group (NASDAQ:CRDO) Director Fariba Danesh Sells 1,100 Shares

June 12, 2026 by InsiderTrades.com

Key Points

CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group on June 11 at an average price of $259.53, for total proceeds of about $7.14 million. The sale was made under a pre-arranged 10b5-1 plan and was tied to tax withholding on vested equity awards.
Credo’s stock has surged sharply, with shares opening at $264.76 and trading near their 52-week high of $268.18. The company now has a market cap of about $48.83 billion, reflecting strong recent momentum.
Recent earnings came in strong, with quarterly EPS of $1.16 versus expectations of $1.02 and revenue of $437 million, up 157% year over year. Analysts remain upbeat, with several raising price targets and the average target now at $248.41.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) Director Fariba Danesh sold 1,100 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $236.34, for a total value of $259,974.00. Following the completion of the transaction, the director owned 7,017 shares of the company's stock, valued at $1,658,397.78. The trade was a 13.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Credo Technology Group Stock Performance

Credo Technologies Paved a Path to a $300 Price Point

NASDAQ:CRDO opened at $264.76 on Friday. The stock has a fifty day moving average price of $181.36 and a two-hundred day moving average price of $150.09. The stock has a market capitalization of $48.83 billion, a price-to-earnings ratio of 106.76, a PEG ratio of 1.25 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 1 year low of $70.78 and a 1 year high of $268.18.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.14. The firm had revenue of $437.00 million during the quarter, compared to analysts' expectations of $431.80 million. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.Credo Technology Group's revenue was up 157.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 earnings per share. On average, analysts predict that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current year.

Key Credo Technology Group News

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

Positive Sentiment: Credo completed its acquisition of DustPhotonics, adding silicon photonics capabilities and broadening its optical connectivity offering for next-generation AI and cloud networking demand. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
Positive Sentiment: Multiple articles highlighted Credo as a top-ranked or bullish stock pick, citing strong catalysts and continued investor enthusiasm for AI-linked growth. 3 Top Ranked Stocks Investors Can Buy Right Now
Positive Sentiment: Analysts have raised price targets after the latest earnings report, with commentary pointing to rising earnings estimates and momentum from record fiscal 2026 results. Can Credo Technology Group (CRDO) Run Higher on Rising Earnings Estimates?
Neutral Sentiment: Insider sales by a director and the CTO may have added some caution, but the CTO’s sale was tied to tax withholding on vested equity awards and does not appear to signal a fundamental change.
Neutral Sentiment: Some coverage noted that Credo still faces customer concentration risk, although management is working to diversify into more NeoCloud and broader customer relationships. Credo's Diversification Push: Can It Cut Customer Concentration Risk?

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Rosenblatt Securities increased their price objective on Credo Technology Group from $175.00 to $215.00 and gave the stock a "neutral" rating in a research report on Tuesday, June 2nd. Zacks Research upgraded Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 19th. Rothschild & Co Redburn began coverage on Credo Technology Group in a research report on Friday, May 1st. They issued a "buy" rating and a $206.00 price target for the company. Roth Mkm raised their price target on Credo Technology Group from $200.00 to $300.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. raised their price target on Credo Technology Group from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Credo Technology Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.41.

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Get Our Latest Stock Analysis on CRDO

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRDO. NewEdge Advisors LLC increased its position in shares of Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company's stock valued at $284,000 after buying an additional 3,972 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company's stock valued at $61,235,000 after buying an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Credo Technology Group by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company's stock valued at $12,480,000 after acquiring an additional 7,107 shares during the last quarter. CW Advisors LLC acquired a new stake in shares of Credo Technology Group during the second quarter valued at $288,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Credo Technology Group by 198.2% during the second quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company's stock valued at $46,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 80.46% of the company's stock.

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.