Credo Technology Group (NASDAQ:CRDO) Trading 5.8% Higher – Still a Buy?

04 Apr 2026, 12:13 by Kim Johansen · The Markets Daily

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report)’s share price rose 5.8% on Thursday . The company traded as high as $102.38 and last traded at $101.45. Approximately 5,065,088 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 7,124,820 shares. The stock had previously closed at $95.92.

Wall Street Analysts Forecast Growth

CRDO has been the topic of a number of analyst reports. Susquehanna dropped their target price on Credo Technology Group from $230.00 to $170.00 and set a “positive” rating on the stock in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. Barclays restated an “overweight” rating and issued a $260.00 price objective on shares of Credo Technology Group in a research report on Thursday, January 15th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $125.00 target price on shares of Credo Technology Group in a research note on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $206.33.

Read Our Latest Analysis on Credo Technology Group

Credo Technology Group Stock Performance

The company has a market cap of $18.71 billion, a price-to-earnings ratio of 56.36 and a beta of 2.72. The stock’s fifty day simple moving average is $113.21 and its 200 day simple moving average is $139.04.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. On average, analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 18,016 shares of the firm’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 $2,120,122.88. Following the completion of the sale, the chief executive officer directly owned 234,609 shares of the company’s stock, valued at $27,608,787.12. This trade represents a 7.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction on Friday, January 30th. The stock was sold at an average price of $128.67, for a total value of $241,256.25. Following the transaction, the director owned 5,892,034 shares in the company, valued at approximately $758,128,014.78. This represents a 0.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 396,101 shares of company stock worth $49,093,420 in the last three months. 11.84% of the stock is owned by corporate insiders.

Institutional Trading of Credo Technology Group

Several hedge funds have recently made changes to their positions in CRDO. Corient Private Wealth LLC lifted 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 valued at $517,835,000 after acquiring an additional 3,597,318 shares during the last quarter. Amundi raised its position in Credo Technology Group by 28,478.2% in the fourth quarter. Amundi now owns 1,559,796 shares of the company’s stock valued at $224,439,000 after purchasing an additional 1,554,338 shares during the period. Janus Henderson Group PLC raised its position in Credo Technology Group by 841.9% in the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock valued at $228,979,000 after purchasing an additional 1,422,391 shares during the period. Bank of America Corp DE lifted its stake in shares of Credo Technology Group by 161.5% in the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock valued at $331,710,000 after purchasing an additional 1,406,752 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in shares of Credo Technology Group in the 3rd quarter valued at $183,553,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.