Credo Technology Group (NASDAQ:CRDO) Stock Price Down 2.9% – Here’s Why

23 Jan 2026, 00:12 by Michael Walen · The Markets Daily

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) was down 2.9% during mid-day trading on Thursday . The company traded as low as $132.50 and last traded at $135.10. Approximately 7,233,470 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 6,557,124 shares. The stock had previously closed at $139.16.

Analyst Ratings Changes

Several equities analysts recently issued reports on CRDO shares. Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Wall Street Zen raised Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Barclays restated an “overweight” rating and issued a $260.00 price objective on shares of Credo Technology Group in a research note on Thursday, January 15th. New Street Research set a $240.00 target price on Credo Technology Group in a research report on Tuesday, December 2nd. Finally, Rosenblatt Securities initiated coverage on shares of Credo Technology Group in a research report on Wednesday. They set a “neutral” rating and a $170.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $216.54.

Read Our Latest Stock Analysis on CRDO

Credo Technology Group Stock Down 2.9%

The stock has a market cap of $24.40 billion, a PE ratio of 118.51 and a beta of 2.66. The business has a 50 day moving average price of $151.97 and a 200 day moving average price of $140.23.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The company had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. During the same period in the previous year, the company posted $0.07 earnings per share. Credo Technology Group’s revenue for the quarter was up 272.1% on a year-over-year basis. On average, research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $171.23, for a total value of $8,561,500.00. Following the completion of the transaction, the chief executive officer owned 1,942,502 shares in the company, valued at approximately $332,614,617.46. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $143.94, for a total transaction of $7,916,700.00. Following the sale, the chief technology officer directly owned 6,558,961 shares in the company, valued at approximately $944,096,846.34. The trade was a 0.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 995,476 shares of company stock worth $154,189,463 in the last three months. Company insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

A number of large investors have recently bought and sold shares of CRDO. Vanguard Group Inc. grew its holdings in Credo Technology Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 16,525,380 shares of the company’s stock valued at $2,406,261,000 after purchasing an additional 150,012 shares during the period. JPMorgan Chase & Co. grew its stake in Credo Technology Group by 18.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company’s stock valued at $1,121,118,000 after acquiring an additional 1,190,522 shares during the period. Geode Capital Management LLC increased its holdings in Credo Technology Group by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock worth $334,740,000 after acquiring an additional 163,305 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after acquiring an additional 1,218,504 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after acquiring an additional 1,406,752 shares during the period. Institutional investors and hedge funds 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.