Credo Technology Group (NASDAQ:CRDO) Stock Price Down 2.8% – Here’s Why

Posted by Stanley Muller on Sep 2nd, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report)’s stock price traded down 2.8% on Monday . The stock traded as low as $222.91 and last traded at $226.19. Approximately 4,240,158 shares were traded during trading, a decline of 41% from the average daily volume of 7,194,993 shares. The stock had previously closed at $232.75.

Key Credo Technology Group News

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

Positive Sentiment: Results exceeded expectations: Credo reported fiscal Q1 2027 earnings of $1.20 per share versus the $1.17 consensus estimate, while revenue of $479 million topped forecasts of $473.3 million. Revenue increased 114.7% year over year, and EPS more than doubled from $0.52 a year earlier. Credo Q1 earnings and revenues beat estimates
Positive Sentiment: Above-consensus outlook: Management guided fiscal Q2 revenue to $525 million-$535 million, ahead of the approximately $513.8 million analyst estimate. The outlook supports continued demand from AI-related data-center and connectivity customers. Credo Q1 2027 earnings call transcript
Positive Sentiment: Long-term technology opportunity: Credo joined the Open CPX MSA organization, which is focused on interoperable near-package and co-packaged optical interconnects for AI infrastructure. Credo joins Open CPX MSA organization
Neutral Sentiment: Expectations were elevated: Analysts’ consensus price target implied roughly 28% additional upside, but Credo’s high beta, substantial gain over the past year and trading well above its 200-day average increased the risk of profit-taking after earnings. Wall Street analysts and Credo price target
Negative Sentiment: Margin concerns drove the reaction: Reports indicated that pressure on margins outweighed the earnings and revenue beats, raising questions about how profitably Credo can convert rapid AI-driven growth into earnings. Credo shares fall as margin pressure overshadows earnings beat
Negative Sentiment: Rich valuation leaves little room for disappointment: With shares valued at a high earnings multiple and having risen more than twelvefold over three years, investors are questioning whether the current price already reflects much of Credo’s AI growth potential. Is Credo priced for perfection?

Wall Street Analyst Weigh In

Several analysts have recently commented on CRDO shares. Weiss Ratings restated a “hold (c+)” rating on shares of Credo Technology Group in a research report on Friday, August 21st. JPMorgan Chase & Co. increased their price target on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 2nd. Mizuho raised their price target on Credo Technology Group from $260.00 to $290.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Roth Capital upped their price objective on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Finally, Stifel Nicolaus increased their target price on Credo Technology Group from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $265.89.

Read Our Latest Report on Credo Technology Group

Credo Technology Group Stock Performance

The company has a market capitalization of $38.83 billion, a P/E ratio of 83.32, a P/E/G ratio of 1.02 and a beta of 3.22. The business’s fifty day simple moving average is $235.81 and its 200-day simple moving average is $188.53.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $479.00 million during the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The business’s revenue was up 114.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, analysts forecast that Credo Technology Group Holding Ltd. will post 4.89 EPS for the current year.

Insider Buying and Selling

In related news, CTO Chi Fung Cheng sold 27,473 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the completion of the transaction, the chief technology officer directly owned 5,772,397 shares of the company’s stock, valued at approximately $1,209,490,343.41. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Yat Tung Lam sold 55,441 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $213.02, for a total value of $11,810,041.82. Following the transaction, the chief operating officer owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This represents a 2.15% 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. Over the last three months, insiders have sold 435,076 shares of company stock worth $101,043,506. Corporate insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Several large investors have recently bought and sold shares of the business. Corient Private Wealth LP raised its stake in Credo Technology Group by 151.7% during the second quarter. Corient Private Wealth LP now owns 6,604 shares of the company’s stock valued at $1,796,000 after purchasing an additional 3,980 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Credo Technology Group in the 2nd quarter worth $12,728,000. California State Teachers Retirement System grew its stake in shares of Credo Technology Group by 28,062.9% in the 2nd quarter. California State Teachers Retirement System now owns 67,840,375 shares of the company’s stock worth $18,449,190,000 after buying an additional 67,599,489 shares in the last quarter. Greenland Capital Management LP purchased a new position in shares of Credo Technology Group in the 2nd quarter worth $415,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Credo Technology Group in the 2nd quarter worth about $210,000. Institutional investors own 80.46% of the company’s stock.

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.