Credo Technology Group (NASDAQ:CRDO) Stock Price Down 7.3% – What’s Next?

Posted by Geri Gentry on Oct 12th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) fell 7.3% during mid-day trading on Monday. The stock traded as low as $200.24 and last traded at $200.84. Approximately 8,130,315 shares changed hands during trading, an increase of 8% from the average session volume of 7,540,689 shares. The stock had previously closed at $216.55.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Zacks Research cut Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Wall Street Zen lowered Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings lowered Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 6th. Finally, Bank of America decreased their price target on Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $262.67.

View Our Latest Research Report on Credo Technology Group

Credo Technology Group Trading Down 7.3%

The stock’s fifty day moving average is $209.13 and its 200 day moving average is $202.53. The company has a market capitalization of $37.75 billion, a P/E ratio of 71.47, a price-to-earnings-growth ratio of 0.86 and a beta of 3.25.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share 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 analysts’ expectations of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The firm’s revenue for the quarter was up 114.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. On average, analysts expect that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current fiscal year.

Insider Activity

In related news, COO Yat Lam sold 55,441 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $213.02, for a total value of $11,810,041.82. Following the sale, the chief operating officer directly owned 2,529,169 shares of the company’s stock, valued at $538,763,580.38. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, CTO Chi Cheng sold 27,500 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $193.12, for a total value of $5,310,800.00. Following the transaction, the chief technology officer owned 5,689,897 shares in the company, valued at approximately $1,098,832,908.64. This represents a 0.48% 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. Over the last ninety days, insiders have sold 428,376 shares of company stock valued at $87,012,128. Insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

Several institutional investors and hedge funds have recently bought and sold shares of CRDO. Reflection Asset Management bought a new position in Credo Technology Group during the 4th quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new position in Credo Technology Group during the second quarter valued at $27,000. AlphaCentric Advisors LLC bought a new stake in Credo Technology Group in the first quarter worth $33,000. Burkett Financial Services LLC bought a new stake in Credo Technology Group in the third quarter worth $33,000. Finally, Western Wealth Management LLC bought a new stake in Credo Technology Group in the first quarter worth $38,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

About Credo Technology Group

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.