Credo Technology Group (NASDAQ:CRDO) Trading Down 3.5% – Here’s Why

Posted by George Bondi on Aug 26th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report)’s stock price dropped 3.5% during trading on Monday . The company traded as low as $211.50 and last traded at $222.61. Approximately 4,222,353 shares changed hands during trading, a decline of 42% from the average daily volume of 7,313,103 shares. The stock had previously closed at $230.57.

Key Headlines Impacting Credo Technology Group

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

Neutral Sentiment: Rosenblatt Securities reaffirmed its “Neutral” rating and set a $215 price target, below the stock’s referenced $226.51 level. The stance suggests the firm sees limited near-term upside despite Credo’s strong growth profile. Rosenblatt Securities Reiterates Neutral Rating for Credo Technology Group
Neutral Sentiment: Credo is expected to report quarterly earnings, making the upcoming results and management’s outlook important tests for valuation. Investors will likely focus on demand for the company’s high-speed connectivity products, revenue growth and guidance. Credo Technology Group Expected to Announce Quarterly Earnings
Neutral Sentiment: Recent coverage highlights renewed interest in Credo’s semiconductor connectivity business and financial performance following recent share-price volatility. The article does not identify a specific new contract, product announcement or earnings revision. Credo Technology Group Holding, Why Is It Getting Fresh Attention Now?
Neutral Sentiment: Reported short-interest data showed zero shares short both on August 10 and August 25, producing a zero days-to-cover figure. This indicates no meaningful short-squeeze setup in the reported data, though the figures may reflect incomplete or anomalous reporting.
Negative Sentiment: Analyst commentary on Credo remains mixed, reinforcing concern that the stock’s elevated valuation—approximately 91 times earnings in the provided market data—leaves it sensitive to any earnings or guidance disappointment. Analysts Offer Insights on Marvell and Credo Technology Group

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore started coverage on Credo Technology Group in a report on Monday, June 22nd. They issued an “outperform” rating and a $325.00 price target for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Credo Technology Group in a report on Friday. TD Cowen lifted their target price on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Jefferies Financial Group upped their target price on Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Finally, Zacks Research downgraded Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $268.39.

Read Our Latest Stock Report on CRDO

Credo Technology Group Stock Performance

The business’s fifty day moving average price is $240.51 and its two-hundred day moving average price is $184.75. The firm has a market capitalization of $42.24 billion, a P/E ratio of 91.33, a PEG ratio of 1.02 and a beta of 3.23.

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

Insiders Place Their Bets

In related news, CFO Daniel W. Fleming sold 40,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $249.48, for a total transaction of $9,979,200.00. Following the transaction, the chief financial officer directly owned 501,873 shares in the company, valued at $125,207,276.04. The trade was a 7.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 dated Tuesday, July 7th. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00. Following the transaction, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 435,076 shares of company stock valued at $101,043,506. Company insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in shares of Credo Technology Group by 28,062.9% during the second quarter. California State Teachers Retirement System now owns 67,840,375 shares of the company’s stock valued at $18,449,190,000 after acquiring an additional 67,599,489 shares in the last quarter. Corient Private Wealth LLC grew its position in 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 worth $517,835,000 after purchasing an additional 3,597,318 shares during the last quarter. Amundi grew its position in Credo Technology Group by 28,478.2% during the 4th quarter. Amundi now owns 1,559,796 shares of the company’s stock worth $224,439,000 after purchasing an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC increased its stake in 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in 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 in the last quarter. Institutional investors and hedge funds 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.