Credo Technology Group (NASDAQ:CRDO) Trading Up 3.4% – Should You Buy?

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) rose 3.4% during trading on Tuesday . The stock traded as high as $164.74 and last traded at $161.38. Approximately 4,592,939 shares were traded during trading, a decline of 32% from the average daily volume of 6,758,632 shares. The stock had previously closed at $156.07.

Credo Technology Group News Roundup

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

• Positive Sentiment: Retail/financial press is highlighting CRDO as a momentum pick, which can attract short‑term buying and retail flows — increased coverage often amplifies post‑earnings rallies. Read More.
• Positive Sentiment: Zacks published a bullish momentum write‑up reinforcing the market narrative that Credo remains a top momentum candidate after its strong quarter. Read More.
• Positive Sentiment: Recent analyst actions and the company’s December quarter beat (revenue and EPS well above expectations) underpin upgrades and higher price targets, supporting the bullish case. Read More.
• Neutral Sentiment: Commentary from a market strategist flagged heightened volatility risk tied to a potential Supreme Court ruling on tariffs — supportive of tech generally but signals higher event risk for CRDO. Read More.
• Neutral Sentiment: Reported short‑interest shows effectively zero short exposure with anomalous “NaN” change — likely a reporting glitch; it neither meaningfully elevates squeeze risk nor provides clear bearish pressure. (No direct link available.)
• Negative Sentiment: Significant insider selling: CTO Chi Fung Cheng sold 30,000 shares (~$4.2M) on Jan 8 (SEC Form 4 filed). Repeated large insider sales may weigh on sentiment despite insiders retaining large stakes. Read More.
• Negative Sentiment: Additional insider sales reported for the CEO and CFO (multiple transactions totaling several million dollars) — cumulative executive selling could temper momentum buyers. Read More. Read More.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRDO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a research report on Monday, December 29th. KGI Securities raised Credo Technology Group from a “hold” rating to an “outperform” rating and set a $230.00 price objective for the company in a research report on Tuesday, December 2nd. Needham & Company LLC boosted 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. William Blair began coverage on Credo Technology Group in a research note on Thursday, September 18th. They set an “outperform” rating for the company. Finally, Wall Street Zen upgraded Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Credo Technology Group has an average rating of “Buy” and an average target price of $217.08.

Credo Technology Group Stock Up 3.4%

The company has a market cap of $29.15 billion, a price-to-earnings ratio of 141.56 and a beta of 2.66. The business has a 50-day simple moving average of $153.79 and a two-hundred day simple moving average of $137.61.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, December 1st. The company reported $0.67 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 business had revenue of $268.03 million for the quarter, compared to analyst estimates of $234.99 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was up 272.1% on a year-over-year basis. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Insider Activity

In related news, CTO Chi Fung Cheng sold 30,000 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $139.93, for a total transaction of $4,197,900.00. Following the completion of the sale, the chief technology officer directly owned 6,387,370 shares of the company’s stock, valued at approximately $893,784,684.10. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel W. Fleming sold 3,902 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $140.15, for a total transaction of $546,865.30. Following the completion of the transaction, the chief financial officer owned 446,178 shares in the company, valued at $62,531,846.70. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,088,276 shares of company stock valued at $167,068,167 over the last three months. Corporate insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

Several hedge funds have recently added to or reduced their stakes in CRDO. Atlantic Union Bankshares Corp bought a new position in Credo Technology Group in the 3rd quarter worth approximately $25,000. First Horizon Corp bought a new stake in shares of Credo Technology Group in the third quarter valued at approximately $26,000. Smartleaf Asset Management LLC grew its stake in shares of Credo Technology Group by 133.6% in the third quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock worth $38,000 after acquiring an additional 147 shares during the last quarter. Park Place Capital Corp acquired a new stake in shares of Credo Technology Group in the third quarter worth $41,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in Credo Technology Group during the second quarter worth $27,000. Institutional investors own 80.46% of the company’s stock.

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.