Credo Technology Group (NASDAQ:CRDO) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Credo Technology Group (NASDAQ:CRDO) issued its earnings results on Tuesday. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02), Zacks reports. Credo Technology Group had a negative return on equity of 2.94% and a negative net margin of 9.70%. Credo Technology Group updated its Q4 2025 guidance to EPS.

Credo Technology Group Stock Up 7.7 %

Shares of NASDAQ:CRDO traded up $3.90 during trading on Tuesday, hitting $54.32. The stock had a trading volume of 11,271,413 shares, compared to its average volume of 5,660,972. Credo Technology Group has a 12-month low of $16.82 and a 12-month high of $86.69. The stock has a 50-day simple moving average of $70.63 and a two-hundred day simple moving average of $52.03. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of -362.13 and a beta of 2.09.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Credo Technology Group from $65.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Mizuho lifted their target price on shares of Credo Technology Group from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Bank of America raised shares of Credo Technology Group from an “underperform” rating to a “buy” rating and increased their price objective for the company from $27.00 to $80.00 in a research report on Tuesday, December 3rd. Susquehanna assumed coverage on Credo Technology Group in a report on Tuesday, December 17th. They set a “neutral” rating and a $80.00 price target on the stock. Finally, Needham & Company LLC lifted their target price on shares of Credo Technology Group from $43.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.40.

Insider Transactions at Credo Technology Group

In related news, CEO William Joseph Brennan sold 143,880 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $67.65, for a total value of $9,733,482.00. Following the transaction, the chief executive officer now directly owns 2,370,858 shares of the company’s stock, valued at approximately $160,388,543.70. This trade represents a 5.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lip Bu Tan sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $76.09, for a total value of $11,413,500.00. Following the sale, the director now owns 1,113,725 shares of the company’s stock, valued at $84,743,335.25. The trade was a 11.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,338,175 shares of company stock worth $92,697,698 over the last 90 days. 16.04% of the stock is currently owned by company insiders.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.