Credo Technology Group (NASDAQ:CRDO) Trading Down 5.3% on Insider Selling

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) dropped 5.3% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $241.12 and last traded at $250.81. Approximately 8,995,156 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 7,526,724 shares. The stock had previously closed at $264.76.

Specifically, Director Fariba Danesh sold 1,100 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $236.34, for a total transaction of $259,974.00. Following the completion of the sale, the director owned 7,017 shares in the company, valued at approximately $1,658,397.78. This represents a 13.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $259.53, for a total transaction of $7,137,075.00. Following the sale, the chief technology officer owned 5,992,370 shares of the company’s stock, valued at $1,555,199,786.10. This trade represents a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In other news, Director Sylvia Acevedo sold 2,208 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $211.00, for a total transaction of $465,888.00. Following the completion of the sale, the director owned 16,337 shares in the company, valued at approximately $3,447,107. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

CRDO has been the subject of several recent research reports. Roth Mkm increased their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Bank of America upped their price target on Credo Technology Group from $210.00 to $252.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Finally, Rosenblatt Securities upped their price target on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.

Credo Technology Group News Summary

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 strengthening its position in 800G, 1.6T, and 3.2T optical connectivity for AI and cloud networking demand. Credo Technology (CRDO) Completes Acquisition of DustPhotonics to Expand Optical Connectivity Portfolio
• Positive Sentiment: Several recent articles highlighted Credo as a bullish stock idea, citing rising estimates, strong growth outlook, and AI-linked catalysts that could support further upside. Zacks Investment Ideas feature highlights: Concrete Pumping, Atlanticus and Credo Technology
• Positive Sentiment: Analyst coverage remains constructive after earnings, with price-target increases and commentary pointing to continued demand from data-center interconnect and inference infrastructure. Mizuho Raises PT on Credo Technology (CRDO) After FQ4 2026 Earnings
• Positive Sentiment: Recent earnings were strong, with Credo beating expectations on both EPS and revenue, reinforcing the view that its growth story remains intact.
• Neutral Sentiment: One Seeking Alpha note downgraded CRDO to Hold, arguing the shares may be running ahead of fundamentals even though long-term demand trends remain favorable. Credo: Don’t Chase This Winner Over The Cliff – Downgrade To Hold
• Neutral Sentiment: Insider selling by a director and the CTO may have added some caution, but the CTO sale was reportedly tied to a pre-arranged plan and tax withholding on vested equity awards.
• Neutral Sentiment: Some coverage still flags 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?

Credo Technology Group Price Performance

The company has a 50 day moving average price of $181.36 and a 200 day moving average price of $150.09. The firm has a market cap of $46.26 billion, a PE ratio of 101.13, a PEG ratio of 1.25 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, June 1st. The company reported $1.16 EPS 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 analysts’ expectations 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 quarterly revenue was up 157.0% compared to the same quarter last year. During the same period last year, the firm earned $0.20 EPS. On average, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Institutional Trading of Credo Technology Group

Hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Credo Technology Group by 9.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock valued at $39,004,000 after buying an additional 23,332 shares during the period. FengHe Fund Management Pte. Ltd. boosted its stake in shares of Credo Technology Group by 5.7% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after acquiring an additional 8,769 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Credo Technology Group by 428.8% during the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after acquiring an additional 10,888 shares in the last quarter. TD Asset Management Inc purchased a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $17,454,000. Finally, Second Line Capital LLC purchased a new stake in shares of Credo Technology Group during the 3rd quarter worth approximately $4,283,000. 80.46% of the stock is owned by institutional investors and hedge funds.

About Credo Technology Group

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.