Credo Technology Group (NASDAQ:CRDO) Trading Up 5.6% – Time to Buy?

Credo Technology Group Holding Ltd. (NASDAQ:CRDO)’s share price traded up 5.6% during trading on Tuesday . The stock traded as high as $225.84 and last traded at $223.87. Approximately 4,712,603 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 7,719,314 shares. The stock had previously closed at $212.07.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Analysts and commentators remain constructive on Credo’s long-term opportunity as AI data-center buildouts drive demand for its active electrical cables and SerDes retimers, positioning the company as a key supplier in high-speed connectivity. Price Prediction: Credo Stock Will Trade at This Price in 2027
• Positive Sentiment: Several articles frame CRDO as a buy-on-dip AI semiconductor supply-chain stock, citing strong demand trends in high-speed networking and potential recovery after the recent decline. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Positive Sentiment: Investor-letter coverage highlighted Credo as benefiting from the increasing connectivity challenge, reinforcing the view that its products are well positioned for AI infrastructure growth. 4 AI Semiconductor Supply-Chain Stocks to Buy on the Recent Dip
• Neutral Sentiment: One market note said Credo’s shares have fallen sharply over the past week, which appears to reflect profit-taking and volatility rather than a specific negative company event. Price Prediction: Credo Stock Will Trade at This Price in 2027
• Neutral Sentiment: A Seeking Alpha piece focused on Credo’s revenue shift from copper to optical networking, a strategic transition that may improve growth but also signals the business mix is still evolving. Credo: Tracking The Critical Revenue Pivot From Copper To Optical Networking

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CRDO shares. Rothschild & Co Redburn began coverage on Credo Technology Group in a research report on Friday, May 1st. They set a “buy” rating and a $206.00 price target on the stock. TD Cowen raised their price objective on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Needham & Company LLC lifted their target price on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Evercore started coverage on Credo Technology Group in a report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 target price on the stock. Finally, Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Credo Technology Group presently has a consensus rating of “Buy” and a consensus price target of $266.17.

Credo Technology Group Stock Up 5.6%

The firm has a market capitalization of $41.75 billion, a price-to-earnings ratio of 90.27, a P/E/G ratio of 0.93 and a beta of 3.20. The stock’s 50 day moving average price is $232.14 and its two-hundred day moving average price is $167.76.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.14. The business had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.Credo Technology Group’s quarterly revenue was up 157.0% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. On average, equities analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

Insider Transactions at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 3,790 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $258.71, for a total value of $980,510.90. Following the transaction, the chief technology officer owned 140,358 shares in the company, valued at approximately $36,312,018.18. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sylvia Acevedo sold 2,208 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $211.00, for a total value of $465,888.00. Following the completion of the transaction, the director owned 16,337 shares in the company, valued at $3,447,107. This represents a 11.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 329,662 shares of company stock valued at $76,068,196 over the last 90 days. Company insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Credo Technology Group by 9.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock valued at $39,004,000 after purchasing an additional 23,332 shares during the last quarter. M&T Bank Corp grew its position in Credo Technology Group by 428.8% in the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock worth $1,932,000 after purchasing an additional 10,888 shares during the last quarter. FengHe Fund Management Pte. Ltd. increased its holdings in shares of Credo Technology Group by 5.7% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after purchasing an additional 8,769 shares during the period. Nordea Investment Management AB bought a new position in shares of Credo Technology Group during the 4th quarter worth about $2,084,000. Finally, Teacher Retirement System of Texas raised its position in shares of Credo Technology Group by 486.2% during the fourth quarter. Teacher Retirement System of Texas now owns 239,721 shares of the company’s stock valued at $34,493,000 after buying an additional 198,826 shares during the last quarter. 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.