Credo Technology Group (NASDAQ:CRDO) Stock Jumps 1.1% – Time to Buy?

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) traded up 1.1% on Thursday. The stock traded as high as $196.43 and last traded at $195.97. 5,748,131 shares traded hands during trading, a decline of 23% from the average session volume of 7,486,487 shares. The stock had previously closed at $193.87.

Key Credo Technology Group News

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

• Positive Sentiment: Credo’s revenue more than tripled in fiscal 2026 as demand grew for its high-speed connectivity chips and cables, which move data between servers in AI data centers. The company is viewed as a direct beneficiary of continued AI infrastructure spending, although Nvidia’s much larger data-center business highlights the competitive scale of the market. Credo vs. Nvidia: Which AI Chip Stock Is a Better Buy in 2026?
• Positive Sentiment: Investor commentary highlighted Credo’s 114.7% year-over-year quarterly revenue growth, strong GAAP profitability, net cash balance sheet and expected full-year revenue growth above 85%. The DustPhotonics acquisition is expected to expand Credo’s optical capabilities and improve vertical integration, while its products may benefit from shortages affecting competing photonics suppliers. Credo: The Rise Of Muse Validates The AI Trade Photonics And Optics Are In Shortage, Buy Credo
• Neutral Sentiment: Options activity was unusually heavy, with investors purchasing 42,247 call contracts—41% above the average daily volume. This signals increased bullish speculation, but options trading alone does not guarantee sustained buying in the shares.
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the figure may reflect a reporting or data anomaly and offers limited insight into fundamentals.
• Negative Sentiment: Insider James Laufman sold 5,000 shares for approximately $925,000, reducing his direct holdings by 2.87%. The sale is relatively small compared with his remaining stake but may temper sentiment at a richly valued stock trading at a high earnings multiple. Insider Selling: Credo Technology Group Insider Sells 5,000 Shares

Analyst Upgrades and Downgrades

CRDO has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Credo Technology Group from $335.00 to $310.00 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. Rosenblatt Securities boosted their price target on Credo Technology Group from $215.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group upped their price target on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen cut shares of Credo Technology Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Barclays raised their price objective on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $264.89.

Credo Technology Group Stock Up 7.7%

The firm has a 50 day moving average price of $209.32 and a 200 day moving average price of $194.97. The stock has a market cap of $39.65 billion, a P/E ratio of 75.08, a P/E/G ratio of 0.78 and a beta of 3.22.

Credo Technology Group (NASDAQ:CRDO) last issued 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 for the quarter, compared to the consensus estimate of $473.30 million. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The company’s revenue for the quarter was up 114.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Equities analysts predict that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Credo Technology Group news, CTO Chi Cheng sold 27,500 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $205.54, for a total value of $5,652,350.00. Following the completion of the sale, the chief technology officer owned 5,799,870 shares in the company, valued at approximately $1,192,105,279.80. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 dated 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 completion of the transaction, the chief executive officer directly owned 1,600,830 shares of the company’s stock, valued at approximately $243,134,060.40. This trade 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 quarter, insiders sold 334,746 shares of company stock valued at $70,936,384. Company insiders own 9.06% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

A number of institutional investors have recently added to or reduced their stakes in CRDO. Bank of America Corp DE boosted its position in shares of Credo Technology Group by 13.7% during the second quarter. Bank of America Corp DE now owns 2,182,764 shares of the company’s stock worth $593,603,000 after acquiring an additional 262,479 shares during the last quarter. Geode Capital Management LLC lifted its stake in Credo Technology Group by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after purchasing an additional 184,676 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Credo Technology Group by 239,024.5% during 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. Atreides Management LP grew its position in shares of Credo Technology Group by 3.5% during the second quarter. Atreides Management LP now owns 1,129,285 shares of the company’s stock valued at $307,109,000 after purchasing an additional 38,052 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Credo Technology Group by 11.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,021,020 shares of the company’s stock valued at $290,805,000 after purchasing an additional 203,462 shares in the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.