William Joseph Brennan Sells 54,984 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CEO William Joseph Brennan sold 54,984 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $218.57, for a total value of $12,017,852.88. Following the transaction, the chief executive officer owned 367,327 shares of the company’s stock, valued at $80,286,662.39. This trade represents a 13.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

William Joseph Brennan also recently made the following trade(s):

• On Sunday, April 5th, William Joseph Brennan sold 6,149 shares of Credo Technology Group stock. The shares were sold at an average price of $101.45, for a total value of $623,816.05.
• On Thursday, April 2nd, William Joseph Brennan sold 6,149 shares of Credo Technology Group stock. The shares were sold at an average price of $101.45, for a total value of $623,816.05.
• On Wednesday, March 11th, William Joseph Brennan sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $117.68, for a total value of $5,884,000.00.
• On Wednesday, March 11th, William Joseph Brennan sold 18,016 shares of Credo Technology Group stock. The shares were sold at an average price of $117.68, for a total value of $2,120,122.88.

Credo Technology Group Price Performance

Shares of NASDAQ:CRDO opened at $237.68 on Thursday. Credo Technology Group Holding Ltd. has a 1 year low of $68.64 and a 1 year high of $261.38. The business has a 50 day simple moving average of $177.95 and a two-hundred day simple moving average of $149.16. The firm has a market capitalization of $43.84 billion, a PE ratio of 95.84, a price-to-earnings-growth ratio of 1.23 and a beta of 3.22.

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

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo’s AI connectivity strategy continues to draw investor attention, with coverage noting record fiscal 2026 revenue and a possible growth inflection ahead in fiscal 2027 as optical products scale. Can Credo Technology Maintain Revenue Growth Amid the AI Boom?
• Positive Sentiment: Analysts have been raising expectations, with commentary saying CRDO could keep moving higher as earnings estimates rise. Can Credo Technology Group (CRDO) Run Higher on Rising Earnings Estimates?
• Positive Sentiment: A recent upgrade argued that Credo’s high-speed data-center connectivity business remains well positioned to benefit from AI infrastructure spending. Credo Technology: The $3,000-Per-GPU Memory Arbitrage Demands A Strong Buy (Rating Upgrade)
• Neutral Sentiment: 24/7 Wall St. published a price forecast that was essentially flat versus the current share price, suggesting limited near-term upside or downside from that model. Credo Price Prediction and Forecast: This Is Where The Stock Goes From Here
• Neutral Sentiment: Shares also drew attention from unusual call-option buying, which points to bullish speculation but does not confirm a change in fundamentals.
• Negative Sentiment: CEO William Joseph Brennan and Director Sylvia Acevedo sold shares in recent transactions, which may weigh on sentiment even though insider sales are often routine.

Hedge Funds Weigh In On Credo Technology Group

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Credo Technology Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock worth $2,386,449,000 after buying an additional 59,849 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Credo Technology Group by 18.3% in the third quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock worth $1,121,118,000 after buying an additional 1,190,522 shares in the last quarter. State Street Corp grew its holdings in Credo Technology Group by 23.4% in the fourth quarter. State Street Corp now owns 4,486,320 shares of the company’s stock worth $645,537,000 after purchasing an additional 849,654 shares during the last quarter. Geode Capital Management LLC grew its holdings in Credo Technology Group by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after purchasing an additional 184,676 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in Credo Technology Group by 239,024.5% in the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after purchasing an additional 3,597,318 shares during the last quarter. Institutional investors own 80.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Roth Mkm lifted their price target on shares of Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on shares of Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Finally, Susquehanna lifted their price target on shares of Credo Technology Group from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Tuesday, June 2nd. One equities 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.41.

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.