Credo Technology Group (NASDAQ:CRDO) Director Pantas Sutardja Sells 1,540 Shares of Company Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) Director Pantas Sutardja sold 1,540 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $212.22, for a total value of $326,818.80. Following the transaction, the director directly owned 5,890,494 shares in the company, valued at approximately $1,250,080,636.68. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Credo Technology Group Stock Performance

CRDO traded down $19.08 during midday trading on Wednesday, hitting $179.23. The stock had a trading volume of 12,164,208 shares, compared to its average volume of 7,583,224. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The business has a fifty day moving average of $207.99 and a 200 day moving average of $203.90. The company has a market cap of $33.69 billion, a P/E ratio of 63.78, a price-to-earnings-growth ratio of 0.80 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $479.00 million for the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The business’s revenue was up 114.7% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRDO. Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. cut their price target on shares of Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. TD Cowen upped their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Bank of America reduced their price objective on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. Finally, Evercore set a $292.00 price objective on Credo Technology Group in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of $262.67.

More Credo Technology Group News

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

• Positive Sentiment: Credo’s AI connectivity demand remains robust. Recent quarterly revenue increased 114.7% year over year to $479 million, while EPS exceeded analyst expectations. Analysts cited in recent coverage expect fiscal 2027 revenue to rise more than 85%, supported by record sales and expansion of the optical business. Does Credo’s Revenue Outlook Signal Further Upside?
• Positive Sentiment: The company unveiled its 1.6T ZeroFlap Active Light Cable, designed for AI data centers with lower power consumption, longer reach and improved reliability. Commercial shipments are expected around 2027, creating a potential new growth driver as data-center bandwidth requirements increase. Credo Expands AI Connectivity Portfolio
• Positive Sentiment: Credo is leading an Open Compute Project workstream to standardize Short-Reach Micro-Emitter Optics, potentially positioning its technology for broader hyperscaler adoption. Its collaboration with AMD on memory connectivity also expands the company’s opportunity beyond active electrical cables. Credo Launches SRMO Standardization
• Neutral Sentiment: Some analysts view CRDO as undervalued relative to its growth and peers, with a consensus “Moderate Buy” rating. However, the company still trades at a high earnings multiple and relies heavily on two customers. Investors must also wait for newer optical products to ship at scale before they can materially affect results.
• Negative Sentiment: The recent decline appears largely linked to sector-wide weakness and profit-taking in AI infrastructure stocks rather than a newly reported operational problem. High volatility and valuation sensitivity remain risks if customer capital spending slows. Does the Drop in Credo Stock Change Anything?
• Negative Sentiment: CFO Daniel Fleming sold 7,580 shares under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 1.52% and left him with a substantial stake, limiting its significance, but it may add modest pressure to sentiment.

Institutional Trading of Credo Technology Group

A number of institutional investors have recently made changes to their positions in the stock. Lodestone Wealth Management LLC grew its holdings in shares of Credo Technology Group by 108.1% in the third quarter. Lodestone Wealth Management LLC now owns 1,205 shares of the company’s stock worth $235,000 after purchasing an additional 626 shares during the last quarter. Firethorn Wealth Partners LLC purchased a new position in shares of Credo Technology Group in the third quarter worth $402,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Credo Technology Group by 4,900.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 200 shares of the company’s stock valued at $39,000 after buying an additional 196 shares during the last quarter. Q Fund Management Hong Kong Ltd bought a new stake in Credo Technology Group during the 3rd quarter valued at $8,982,000. Finally, Krilogy Financial LLC boosted its position in Credo Technology Group by 8.7% during the 3rd quarter. Krilogy Financial LLC now owns 1,136 shares of the company’s stock valued at $228,000 after buying an additional 91 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.