Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) shares were up 4.2% during mid-day trading on Wednesday . The stock traded as high as $261.87 and last traded at $249.33. Approximately 7,401,692 shares were traded during trading, a decline of 2% from the average session volume of 7,529,636 shares. The stock had previously closed at $239.18.
More Credo Technology Group News
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Market commentary remains upbeat on Credo’s role in AI infrastructure, arguing that its high-speed connectivity products are benefiting from strong data-center spending and could keep supporting growth. Credo Technologies accelerates AI — its stock price will follow
- Positive Sentiment: Credo also earned 2026 USA TODAY Top Workplaces honors for the second straight year, a small but favorable signal about company culture, talent retention, and execution. Credo Earns 2026 National and Regional Top Workplace Honors
- Neutral Sentiment: Several reports highlighted record fiscal 2026 results and triple-digit revenue growth, reinforcing the company’s strong fundamental momentum after its June 1 earnings beat. Credo Technology (CRDO) Reports Record FY26 Results with Triple-Digit Revenue Growth
- Neutral Sentiment: CTO Chi Fung Cheng sold 27,500 shares in a pre-arranged 10b5-1 transaction. The sale may get attention, but it was modest relative to his remaining holdings and does not necessarily signal changing fundamentals. Credo Technology Group insider trades
- Negative Sentiment: Bearish articles are warning that CRDO may have run too far too fast, with one analysis suggesting the stock could be materially overvalued after its sharp rally and another urging investors to consider taking profits. Credo Technology Group Holding (CRDO) Stock Could Be 109.1% Overvalued After Its Recent Run Credo Technology: Time To Get Out
Wall Street Analysts Forecast Growth
CRDO has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Bank of America upped their price objective on shares of Credo Technology Group from $210.00 to $252.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Craig Hallum reiterated a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 price objective on shares of Credo Technology Group in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group raised their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.41.
Credo Technology Group Stock Performance
The business has a 50 day simple moving average of $196.61 and a 200-day simple moving average of $153.33. The firm has a market capitalization of $50.69 billion, a price-to-earnings ratio of 109.61, a P/E/G ratio of 1.31 and a beta of 3.22.
Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The firm had revenue of $437.00 million for the quarter, compared to analysts’ expectations of $431.80 million. During the same quarter in the previous year, the company posted $0.20 EPS. The company’s revenue was up 157.0% compared to the same quarter last year. Equities analysts predict that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Credo Technology Group news, CFO Daniel W. Fleming sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $249.48, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the completion of the sale, the chief technology officer directly owned 6,134,870 shares of the company’s stock, valued at approximately $725,448,377.50. This trade represents a 0.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 416,884 shares of company stock valued at $72,809,943 over the last ninety days. Company insiders own 11.84% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its stake in shares of Credo Technology Group by 239,024.5% in 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 last quarter. Amundi increased its position 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 worth $224,439,000 after purchasing an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC increased its position 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 worth $228,979,000 after purchasing an additional 1,422,391 shares during the last quarter. Bank of America Corp DE raised its holdings in Credo Technology Group by 161.5% in 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 buying an additional 1,406,752 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in Credo Technology Group in the third quarter valued at about $183,553,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.
Credo Technology Group Company Profile
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.
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