Credo Technology Group (NASDAQ:CRDO) Trading 13.3% Higher – What’s Next?

Posted by Brenda Bartman on Aug 1st, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) shares were up 13.3% during trading on Thursday . The company traded as high as $201.35 and last traded at $201.08. 6,865,355 shares traded hands during trading, a decline of 10% from the average session volume of 7,629,842 shares. The stock had previously closed at $177.45.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Roth Capital boosted their price target on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Rosenblatt Securities upped their price target on Credo Technology Group from $175.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Needham & Company LLC increased their price objective on shares of Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, June 1st. 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Credo Technology Group has a consensus rating of “Buy” and an average price target of $266.17.

Read Our Latest Analysis on CRDO

Credo Technology Group Stock Up 2.9%

The company has a market capitalization of $38.60 billion, a price-to-earnings ratio of 83.46, a P/E/G ratio of 0.92 and a beta of 3.20. The firm has a 50 day moving average price of $236.60 and a two-hundred day moving average price of $171.84.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings results on Monday, June 1st. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.02 by $0.14. The business had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The company’s revenue was up 157.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Analysts predict that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current year.

Insider Activity

In other news, CFO Daniel W. Fleming sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the completion of the sale, the chief financial officer owned 501,873 shares of the company’s stock, valued at approximately $125,207,276.04. This trade represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $243.06, for a total transaction of $6,684,150.00. Following the completion of the sale, the chief technology officer directly owned 5,882,370 shares in the company, valued at $1,429,768,852.20. This represents a 0.47% decrease in their ownership of the stock. 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 302,162 shares of company stock worth $72,810,546. 11.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors have recently made changes to their positions in the company. Accel Wealth Management bought a new stake in Credo Technology Group during the second quarter valued at $383,000. Nolet Wealth Management LLC acquired a new position in Credo Technology Group in the second quarter valued at approximately $214,000. Generali Investments Management Co LLC bought a new stake in shares of Credo Technology Group in the 2nd quarter worth approximately $695,000. Redhawk Wealth Advisors Inc. bought a new position in Credo Technology Group during the 2nd quarter worth $243,000. Finally, Wealthcare Advisory Partners LLC lifted its stake in Credo Technology Group by 3.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 3,458 shares of the company’s stock valued at $940,000 after buying an additional 101 shares during the last quarter. 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.