Credo Technology Group (NASDAQ:CRDO) Stock Price Down 4.6% – Time to Sell?

Posted by Brenda Bartman on May 15th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) shares were down 4.6% on Wednesday . The company traded as low as $186.00 and last traded at $189.36. Approximately 6,598,989 shares changed hands during trading, a decline of 7% from the average daily volume of 7,060,066 shares. The stock had previously closed at $198.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CRDO shares. The Goldman Sachs Group boosted their target price on shares of Credo Technology Group from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Barclays restated an “overweight” rating and set a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. Craig Hallum reaffirmed a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Weiss Ratings cut shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Finally, Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Credo Technology Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.71.

Check Out Our Latest Research Report on Credo Technology Group

Credo Technology Group Price Performance

The stock’s 50-day simple moving average is $138.39 and its 200 day simple moving average is $142.31. The stock has a market capitalization of $31.76 billion, a P/E ratio of 95.65 and a beta of 3.17.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The firm had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same period in the previous year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 201.5% compared to the same quarter last year. As a group, analysts expect that Credo Technology Group Holding Ltd. will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Credo Technology Group

In other news, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $178.99, for a total value of $4,922,225.00. Following the completion of the sale, the chief technology officer owned 6,024,870 shares of the company’s stock, valued at approximately $1,078,391,481.30. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 7,580 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $152.63, for a total transaction of $1,156,935.40. Following the completion of the sale, the chief financial officer directly owned 433,678 shares of the company’s stock, valued at approximately $66,192,273.14. The trade was a 1.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 386,608 shares of company stock worth $50,371,351. Insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

A number of institutional investors have recently modified their holdings of CRDO. Atlantic Union Bankshares Corp bought a new stake in shares of Credo Technology Group in the third quarter valued at about $25,000. Crewe Advisors LLC boosted its position in shares of Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after acquiring an additional 106 shares during the period. Reflection Asset Management bought a new stake in shares of Credo Technology Group in the fourth quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new stake in shares of Credo Technology Group in the fourth quarter valued at about $25,000. Finally, First Horizon Corp bought a new stake in shares of Credo Technology Group in the third quarter valued at about $26,000. Institutional investors 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.

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.