Credo Technology Group (NASDAQ:CRDO) Shares Down 6.7% – Here’s What Happened

Posted by George Bondi on May 15th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report)’s share price fell 6.7% during trading on Friday . The stock traded as low as $171.02 and last traded at $172.17. 5,486,721 shares were traded during trading, a decline of 22% from the average session volume of 7,032,438 shares. The stock had previously closed at $184.54.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CRDO shares. Rothschild & Co Redburn started coverage on Credo Technology Group in a research report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target for the company. Craig Hallum reaffirmed a “buy” rating and issued a $200.00 price target on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Mizuho lowered their price target on Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company 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. Finally, Weiss Ratings lowered Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Credo Technology Group has an average rating of “Moderate Buy” and a consensus target price of $207.71.

View Our Latest Analysis on Credo Technology Group

Credo Technology Group Stock Performance

The firm has a market cap of $31.76 billion, a PE ratio of 95.65 and a beta of 3.17. The stock has a 50-day simple moving average of $138.39 and a two-hundred day simple moving average of $142.31.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating 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 net margin of 31.81% and a return on equity of 29.63%. The business’s revenue for the quarter was up 201.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current fiscal year.

Insider Activity

In other Credo Technology Group news, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total transaction of $3,234,000.00. Following the transaction, the chief technology officer owned 6,272,370 shares in the company, valued at approximately $737,630,712. This represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Joseph Brennan sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the transaction, the chief executive officer owned 1,782,502 shares in the company, valued at $209,764,835.36. This represents a 2.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 386,608 shares of company stock worth $50,371,351 in the last 90 days. Company insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

A number of large investors have recently made changes to their positions in CRDO. Corient Private Wealth LLC grew its stake in shares of Credo Technology Group by 239,024.5% during the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after purchasing an additional 3,597,318 shares during the period. Amundi grew its stake in shares of Credo Technology Group by 28,478.2% during the 4th 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 grew its stake in shares of Credo Technology Group by 841.9% during the 4th 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 grew its stake in shares of Credo Technology Group by 161.5% during 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 period. Finally, Rafferty Asset Management LLC bought a new stake in shares of Credo Technology Group during the 3rd quarter valued at about $183,553,000. 80.46% of the stock is currently owned by institutional investors.

About Credo Technology Group

(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.

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.