Credo Technology CEO Brennan sells $2.68 million in shares

William Joseph Brennan, President and Chief Executive Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), sold 18,032 shares of the company’s ordinary shares on October 7th and 8th, 2025. The transaction comes as Credo’s stock has delivered an impressive 323% return over the past year, with the company now commanding a market capitalization of $25.75 billion. According to InvestingPro analysis, the stock is currently trading near its 52-week high of $176.70. The sales, executed in multiple transactions, fetched prices ranging from $135.4502 to $148.915, resulting in a total value of $2,683,417.

The transactions, as disclosed in a Form 4 filing with the Securities and Exchange Commission, were executed under a pre-arranged Rule 10b5-1 trading plan adopted on April 15, 2025. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro subscribers can access detailed research reports covering over 1,400 US stocks, including CRDO.

Following these transactions, Brennan directly owns 337,923 shares of Credo Technology Group Holding Ltd. He also has indirect ownership of 1,992,502 shares through The Brennan Family Trust. The company maintains strong financial health, earning a "GREAT" overall score from InvestingPro’s comprehensive evaluation system.

In other recent news, Credo Technology Group Holding Ltd. has announced the completion of its acquisition of Hyperlume, Inc., a developer of microLED-based optical interconnect technology. The acquisition, estimated to cost between $40-50 million, aims to enhance Credo’s portfolio in high-speed connectivity solutions, particularly for AI-driven data infrastructure. Stifel has responded to this development by raising its price target for Credo Technology to $160 while maintaining a Buy rating, citing the acquisition as a positive factor. Additionally, William Blair has initiated coverage on Credo with an Outperform rating, noting the company’s expanding product portfolio and its significant focus on Ethernet AEC business.

Further developments include Credo’s unveiling of the Bluebird Digital Signal Processor (DSP), designed for 1.6Tbps optical transceivers. The new DSP aims to tackle power consumption challenges by enabling power usage below 20W, potentially easing constraints related to cooling and power delivery. Stifel has reiterated its Buy rating on Credo, highlighting the company’s accelerating Active Electrical Cable (AEC) revenue momentum as a key focus. These recent developments underscore Credo’s strategic moves to enhance its technological capabilities and market position.

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