Credo Technology Group (NASDAQ:CRDO) Trading 6.1% Higher – Here’s Why

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) rose 6.1% during mid-day trading on Wednesday . The company traded as high as $143.20 and last traded at $141.00. Approximately 9,833,053 shares were traded during trading, an increase of 27% from the average daily volume of 7,759,135 shares. The stock had previously closed at $132.95.

More Credo Technology Group News

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

• Positive Sentiment: Needham named Credo a 2026 “top pick,” calling it an attractive way to play the AI/data‑center connectivity ramp — a high‑profile analyst endorsement likely lifted investor sentiment and buying. Credo Stock Jumps After Analyst Makes the AI Play a ‘Top Pick’ for 2026
• Positive Sentiment: Unusually large volume in call options indicates bullish speculative positioning and demand for upside exposure, supporting near‑term price strength. Investors Buy High Volume of Call Options on Credo Technology Group (NASDAQ:CRDO)
• Positive Sentiment: Coverage pieces highlighting Credo as a “must‑buy” AI/semiconductor name and stories explaining the 7.3% move draw attention to the company’s strong AEC (Active Electrical Cable) adoption and AI tailwinds. Those narratives are attracting momentum traders. Why Credo Technology Group Holding Ltd’s (CRDO) Stock Is Up 7.30%
• Positive Sentiment: Analyst/sector pieces that group Credo with other top-ranked semiconductor/AI beneficiaries (NVDA, MU) reinforce the view that rising semiconductor and data‑center spend should sustain revenue momentum. 4 Top‑Ranked Tech Stocks to Buy as Semiconductor Rally Continues
• Neutral Sentiment: Wall‑Street commentary continues to treat Credo as an up‑and‑coming name; Bank of America lowered its price target from $240 to $200 but kept a Buy — mixed signal (lower target but maintained conviction). Is Credo Technology (CRDO) One of the Best Up and Coming Stocks to Buy According to Wall Street?
• Negative Sentiment: Material insider selling from top executives: CEO William Brennan and CFO Daniel Fleming sold multiple blocks of shares (early Jan filings), reducing their holdings by several percent — a development that can weigh on sentiment despite company fundamentals. SEC filings available. CEO Form 4 CFO Form 4
• Negative Sentiment: Additional reported insider selling (CTO) and media notes that the stock briefly traded down after insider sales highlight that insiders are taking chips off the table, which could cap gains if selling continues. Insider Selling: CTO Sells $4.3M in Stock Trading Down After Insider Selling

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC increased their target price on Credo Technology Group from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Roth Capital increased their price objective on Credo Technology Group from $170.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. KGI Securities upgraded shares of Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research note on Tuesday, December 2nd. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, William Blair began coverage on shares of Credo Technology Group in a research note on Thursday, September 18th. They set an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $206.85.

Credo Technology Group Stock Up 6.2%

The business has a 50-day moving average price of $154.28 and a 200-day moving average price of $136.55. The firm has a market capitalization of $27.17 billion, a P/E ratio of 131.95 and a beta of 2.66.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The firm had revenue of $268.03 million for the quarter, compared to the consensus estimate of $234.99 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The business’s revenue was up 272.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Insider Activity

In other news, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $148.08, for a total value of $8,144,400.00. Following the completion of the transaction, the chief technology officer directly owned 6,778,961 shares of the company’s stock, valued at approximately $1,003,828,544.88. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Yat Tung Lam sold 370,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $153.19, for a total value of $56,680,300.00. Following the transaction, the chief operating officer owned 400,000 shares of the company’s stock, valued at $61,276,000. This trade represents a 48.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,122,684 shares of company stock valued at $172,412,801 in the last three months. Company insiders own 11.84% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlantic Union Bankshares Corp bought a new stake in shares of Credo Technology Group in the 3rd quarter worth about $25,000. First Horizon Corp acquired a new position in Credo Technology Group in the third quarter valued at about $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Credo Technology Group during the second quarter worth about $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Credo Technology Group by 133.6% during the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after buying an additional 147 shares in the last quarter. Finally, Park Place Capital Corp bought a new position in shares of Credo Technology Group in the third quarter valued at approximately $41,000. 80.46% of the stock is owned by institutional investors.

About Credo Technology Group

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.

Credo’s product portfolio centers on high‑speed analog and mixed‑signal devices designed to preserve signal integrity and extend reach over copper and optical links.