Credo Technology Group (NASDAQ:CRDO) Shares Down 2.5% – Time to Sell?

14 May 2026, 17:39 by Jessica Moore · The Cerbat Gem

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $178.87 and last traded at $184.54. Approximately 4,928,205 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 7,049,201 shares. The stock had previously closed at $189.36.

Wall Street Analysts Forecast Growth

CRDO has been the topic of several research reports. Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings cut Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Stifel Nicolaus set a $200.00 target price on Credo Technology Group in a report on Tuesday, March 3rd. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 target price on the stock. Finally, Susquehanna reduced their target price on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.71.

View Our Latest Analysis on CRDO

Credo Technology Group Stock Down 2.5%

The company has a fifty day moving average price of $136.65 and a 200-day moving average price of $142.10. The stock has a market capitalization of $34.04 billion, a P/E ratio of 102.52 and a beta of 3.17.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (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 the consensus estimate of $385.94 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s revenue was up 201.5% on a year-over-year basis. As a group, research analysts expect that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Credo Technology Group

In related news, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $5,884,000.00. Following the transaction, the chief executive officer directly owned 1,782,502 shares of the company’s stock, valued at $209,764,835.36. This represents a 2.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total value of $3,234,000.00. Following the completion of the transaction, the chief technology officer directly owned 6,272,370 shares in the company, valued at approximately $737,630,712. The trade was a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 386,608 shares of company stock worth $50,371,351. 11.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Credo Technology Group

Several hedge funds have recently added to or reduced their stakes in the business. Keebeck Wealth Management boosted its holdings in Credo Technology Group by 9.6% in the first quarter. Keebeck Wealth Management now owns 6,149 shares of the company’s stock valued at $577,000 after purchasing an additional 540 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Credo Technology Group by 134.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 75,540 shares of the company’s stock valued at $7,091,000 after purchasing an additional 43,326 shares during the last quarter. Inceptionr LLC purchased a new stake in Credo Technology Group in the first quarter valued at $382,000. Greenline Wealth Management LLC boosted its holdings in Credo Technology Group by 31.4% in the first quarter. Greenline Wealth Management LLC now owns 2,768 shares of the company’s stock valued at $260,000 after purchasing an additional 662 shares during the last quarter. Finally, Capula Management Ltd purchased a new stake in Credo Technology Group in the first quarter valued at $3,574,000. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Company Profile

(Get Free Report)

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.