Credo Technology Group (NASDAQ:CRDO) Stock Price Down 5.9% – What’s Next?

Posted by George Bondi on Nov 13th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report)’s stock price fell 5.9% on Friday. The company traded as low as $126.26 and last traded at $131.51. 6,460,546 shares traded hands during trading, a decline of 16% from the average daily volume of 7,678,014 shares. The stock had previously closed at $139.81.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRDO shares. Wall Street Zen downgraded Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Barclays increased their price objective on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Zacks Research cut shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Rosenblatt Securities reissued a “neutral” rating and issued a $235.00 price objective on shares of Credo Technology Group in a report on Thursday, October 15th. Finally, Bank of America decreased their price objective on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $262.67.

Read Our Latest Research Report on CRDO

Credo Technology Group Stock Down 5.9%

The company’s fifty day moving average price is $172.93 and its two-hundred day moving average price is $180.33. The firm has a market cap of $24.72 billion, a PE ratio of 46.80, a P/E/G ratio of 0.56 and a beta of 3.29.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The firm had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue was up 114.7% compared to the same quarter last year. As a group, analysts predict that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current year.

Insider Transactions at Credo Technology Group

In related news, COO Yat Lam sold 50,000 shares of Credo Technology Group stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $206.30, for a total value of $10,315,000.00. Following the sale, the chief operating officer directly owned 2,479,169 shares in the company, valued at $511,452,564.70. The trade was a 1.98% decrease in their ownership of the stock. The transaction 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. Also, CEO William Brennan sold 16,672 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $151.88, for a total value of $2,532,143.36. Following the transaction, the chief executive officer directly owned 1,600,830 shares in the company, valued at $243,134,060.40. This represents a 1.03% decrease in their position. 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 three months, insiders sold 352,538 shares of company stock valued at $67,200,077. Corporate insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System boosted its position in shares of Credo Technology Group by 6.1% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 153,150 shares of the company’s stock worth $29,832,000 after purchasing an additional 8,843 shares in the last quarter. HighVista Strategies LLC grew its stake in shares of Credo Technology Group by 100.0% during the 3rd quarter. HighVista Strategies LLC now owns 11,600 shares of the company’s stock worth $2,260,000 after purchasing an additional 5,800 shares during the period. Polymer Capital Management US LLC purchased a new position in shares of Credo Technology Group in the 3rd quarter valued at about $1,558,000. Meeder Advisory Services Inc. increased its holdings in shares of Credo Technology Group by 9.8% in the 3rd quarter. Meeder Advisory Services Inc. now owns 5,590 shares of the company’s stock valued at $1,089,000 after purchasing an additional 500 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Credo Technology Group by 55.3% in the third quarter. First Trust Advisors LP now owns 307,765 shares of the company’s stock valued at $59,950,000 after purchasing an additional 109,623 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

About Credo Technology Group

(Get Free Report)

Credo Technology Group designs and supplies high-speed connectivity solutions for data infrastructure, including data centers and networking systems. Its products help move data between processors, servers, switches and other equipment used in demanding, high-bandwidth environments. The company’s offerings include active electrical cables, semiconductor and optical digital signal processing products, retimers, and other connectivity components. These solutions are used in applications such as cloud computing and artificial intelligence infrastructure.