Investors Buy High Volume of Call Options on Credo Technology Group (NASDAQ:CRDO)

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) saw some unusual options trading on Wednesday. Investors purchased 28,094 call options on the company. This represents an increase of approximately 38% compared to the average volume of 20,408 call options.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, COO Yat Tung Lam sold 370,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the completion of the sale, the chief operating officer owned 400,000 shares in the company, valued at approximately $61,276,000. This trade represents a 48.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $148.08, for a total value of $8,144,400.00. Following the transaction, the chief technology officer directly owned 6,778,961 shares in the company, valued at $1,003,828,544.88. This trade represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,094,190 shares of company stock worth $168,534,369. 11.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors have recently modified their holdings of the business. California Public Employees Retirement System lifted its holdings in shares of Credo Technology Group by 17.2% in the 2nd quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after acquiring an additional 37,772 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Credo Technology Group by 34.6% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 28,400 shares of the company’s stock worth $4,135,000 after acquiring an additional 7,300 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Credo Technology Group during the second quarter valued at approximately $382,000. Realta Investment Advisors bought a new stake in shares of Credo Technology Group in the 2nd quarter valued at approximately $300,000. Finally, Ethic Inc. boosted its holdings in shares of Credo Technology Group by 35.5% in the 2nd quarter. Ethic Inc. now owns 7,142 shares of the company’s stock worth $668,000 after purchasing an additional 1,873 shares during the period. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $141.59 on Friday. The firm has a market cap of $25.58 billion, a P/E ratio of 124.20 and a beta of 2.66. Credo Technology Group has a fifty-two week low of $29.09 and a fifty-two week high of $213.80. The firm has a 50-day simple moving average of $155.03 and a two-hundred day simple moving average of $136.09.

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

More Credo Technology Group News

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

• Positive Sentiment: Credo reported a blowout quarter (big revenue beat, margin expansion) and strong guidance that underpins faster growth tied to AI/data‑center demand; analysts and commentators cite the results as validation of Credo’s runway. Article Title
• Positive Sentiment: Zacks highlights rising AEC (Active Electrical Cable) adoption as a catalyst: accelerating AI/cloud deployments are boosting demand for Credo’s high‑speed connectivity chips, supporting longer‑term revenue upside. Article Title
• Positive Sentiment: Zacks also flags Credo’s large cash balance (~$814M) as a strategic advantage to invest in capacity, M&A or product expansion into AI platforms — reduces execution risk while scaling. Article Title
• Positive Sentiment: Unusually high call‑option buying (large uptick in call volume) and position reshuffling ahead of scheduled business updates suggest bullish positioning/speculation that likely supported recent intraday gains. (Options activity reported 1/7)
• Neutral Sentiment: Bank of America trimmed its price target from $240 to $200 but kept a Buy rating — a modest downgrade to upside expectations while preserving a bullish stance. Article Title
• Neutral Sentiment: Analyst coverage remains largely positive overall (consensus Buy and elevated average price targets near ~$207), which provides support but also sets expectations that must be met. (Market commentary)
• Negative Sentiment: Insider selling: reports show the CTO and other insiders have sold sizable blocks of shares; a headline noted the stock traded down after insider selling — such moves can create near‑term selling pressure and nervousness among investors. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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. New Street Research set a $240.00 price objective on shares of Credo Technology Group in a report on Tuesday, December 2nd. Cowen restated a “buy” rating on shares of Credo Technology Group in a research note on Tuesday, December 2nd. TD Cowen boosted their target price on shares of Credo Technology Group from $190.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $206.85.

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.