Credo Technology Group (NASDAQ:CRDO) COO Sells $322,611.00 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) COO Yat Tung Lam sold 3,180 shares of the firm’s stock in a transaction that occurred on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total value of $322,611.00. Following the completion of the sale, the chief operating officer owned 2,610,329 shares in the company, valued at approximately $264,817,877.05. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Yat Tung Lam also recently made the following trade(s):

• On Thursday, April 2nd, Yat Tung Lam sold 3,180 shares of Credo Technology Group stock. The shares were sold at an average price of $101.45, for a total value of $322,611.00.

Credo Technology Group Price Performance

CRDO opened at $110.21 on Thursday. Credo Technology Group Holding Ltd. has a 12 month low of $33.04 and a 12 month high of $213.80. The stock has a market cap of $20.33 billion, a P/E ratio of 61.23 and a beta of 2.72. The stock’s 50 day moving average price is $111.85 and its 200 day moving average price is $137.56.

Credo Technology Group (NASDAQ:CRDO) last posted its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue was up 201.5% compared to the same quarter last year. Equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRDO shares. The Goldman Sachs Group set a $165.00 price target on Credo Technology Group and gave the company a “buy” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a research note on Tuesday, March 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $125.00 price target on shares of Credo Technology Group in a research note on Monday, March 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Credo Technology Group in a research note on Friday, March 27th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $206.33.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Hyperscaler expansion and continued AEC (short‑reach copper) adoption are driving strong AEC revenue growth and support higher near‑term demand from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Positive Sentiment: Major analyst support: >90% of analysts rate CRDO a Buy and the consensus price target (~$200) implies substantial upside versus current levels — that buy‑side coverage is supporting investor demand. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang cleared — Credo settled disputes with TE Connectivity and Molex via confidential license/settlement agreements, and related lawsuits will be dismissed, removing litigation uncertainty that had weighed on valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Neutral Sentiment: Comparative coverage and watchlist mentions (MarketBeat/Bridget’s Buys) highlight CRDO as a volatile, high‑growth data‑center name — useful for context but less likely to move price intra‑day. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Insider selling: multiple Form 4 filings (including the CTO) show clustered sales in early April under 10b5‑1 plans — large dollar amounts though small percentage ownership reductions; this cluster can weigh on near‑term sentiment. CTO Insider Sales
• Negative Sentiment: Customer concentration risk: while hyperscaler deals lift revenue, heavy reliance on a small number of large customers raises execution and pricing risk if spending patterns shift. Credo Technology Expands Hyperscaler Reach: Concern or Strength?

Institutional Investors Weigh In On Credo Technology Group

Several large investors have recently modified their holdings of CRDO. NewEdge Advisors LLC boosted its stake in shares of Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after acquiring an additional 3,972 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after acquiring an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Credo Technology Group by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after acquiring an additional 7,107 shares in the last quarter. Norges Bank bought a new stake in shares of Credo Technology Group during the 2nd quarter worth $10,818,000. Finally, Lido Advisors LLC bought a new stake in shares of Credo Technology Group during the 2nd quarter worth $310,000. 80.46% of the stock is owned by institutional investors.

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.