James Laufman Sells 10,000 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) insider James Laufman sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $150.00, for a total transaction of $1,500,000.00. Following the completion of the sale, the insider directly owned 214,905 shares in the company, valued at approximately $32,235,750. The trade was a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Credo Technology Group Stock Up 0.2%

Shares of CRDO opened at $144.92 on Wednesday. The company has a 50-day moving average price of $157.27 and a two-hundred day moving average price of $133.99. The stock has a market cap of $26.18 billion, a price-to-earnings ratio of 127.12 and a beta of 2.63. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last issued its earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $268.03 million during the quarter, compared to analysts’ expectations of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.Credo Technology Group’s quarterly revenue was up 272.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. Equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CRDO shares. Roth Capital upped their target price on shares of Credo Technology Group from $170.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. TD Cowen boosted their price target on shares of Credo Technology Group from $190.00 to $240.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. initiated coverage on shares of Credo Technology Group in a report on Friday, October 17th. They set an “overweight” rating and a $165.00 price objective for the company. Needham & Company LLC lifted their target price on shares of Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Cowen restated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $206.85.

Hedge Funds Weigh In On Credo Technology Group

Large investors have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new stake in shares of Credo Technology Group in the first quarter valued at approximately $244,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Credo Technology Group in the 1st quarter valued at $25,000. Ieq Capital LLC acquired a new stake in shares of Credo Technology Group in the 1st quarter valued at $402,000. The Manufacturers Life Insurance Company raised its position in shares of Credo Technology Group by 74.3% during the first quarter. The Manufacturers Life Insurance Company now owns 1,098,369 shares of the company’s stock worth $44,110,000 after acquiring an additional 468,145 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Credo Technology Group during the first quarter valued at $1,987,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group News Roundup

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

• Positive Sentiment: Brokerages and analysts remain bullish — multiple firms raised price targets and the consensus rating is “Buy,” supporting upside expectations. Analyst Coverage
• Positive Sentiment: Zacks included CRDO among “4 Stocks to Buy for 2026,” highlighting investor interest and potential retail/institutional buying from thematic coverage. Zacks: 4 Stocks to Buy
• Positive Sentiment: Investors continue to point to Credo’s strong fundamentals: the company reported a blowout quarter in early December (large revenue and EPS beats), which underpins higher analyst targets and valuation expansion. Quarterly Results Analysis
• Neutral Sentiment: Credo published its 2025 ESG report — positive for longer‑term institutional demand and reputational risk management, though near‑term market impact is typically limited. ESG Report
• Neutral Sentiment: Analyst comparison pieces (CRDO vs. Marvell) are drawing attention to valuation and strategy differences in AI/data‑center connectivity — useful for investors deciding between peers but not an immediate catalyst. CRDO vs MRVL
• Neutral Sentiment: Institutional ownership remains high and some hedge funds increased positions; this supports liquidity and could amplify moves, but is not an immediate directional catalyst. Institutional Holdings
• Negative Sentiment: CTO Chi Fung Cheng sold 55,000 shares at about $143.41 (transaction disclosed via SEC filing), removing a small percentage of his stake — insider sales can weigh on sentiment even though the CTO retains a large position. CTO Sale
• Negative Sentiment: Another insider, James Laufman, sold 10,000 shares at $150, also reducing insider ownership modestly — additional insider selling may temper short‑term enthusiasm. Officer Sale

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.