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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Fariba Danesh sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $236.34, for a total value of $259,974.00. Following the completion of the transaction, the director directly owned 7,017 shares of the company’s stock, valued at $1,658,397.78. This trade represents a 13.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Credo Technology Group Stock Up 11.4%

Shares of CRDO opened at $264.76 on Friday. The stock has a 50 day moving average price of $181.36 and a 200 day moving average price of $150.09. The company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 106.76, a price-to-earnings-growth ratio of 1.25 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 52-week low of $70.78 and a 52-week high of $268.18.

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

Institutional Investors Weigh In On Credo Technology Group

Several large investors have recently modified their holdings of CRDO. Crewe Advisors LLC raised its stake in shares of Credo Technology Group by 163.1% during the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock worth $25,000 after purchasing an additional 106 shares during the last quarter. Reflection Asset Management purchased a new stake in shares of Credo Technology Group during the fourth quarter worth approximately $25,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Credo Technology Group during the fourth quarter worth approximately $25,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Credo Technology Group during the fourth quarter worth approximately $32,000. Finally, AlphaCentric Advisors LLC purchased a new stake in shares of Credo Technology Group during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Credo Technology Group News Roundup

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?

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CRDO shares. Jefferies Financial Group increased their price objective on Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Susquehanna increased their price objective on Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a report on Tuesday, June 2nd. TD Cowen increased their price objective on Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price objective on Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, Rothschild & Co Redburn started coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Credo Technology Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

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.