Credo Technology Group (NASDAQ:CRDO) Trading Up 1.3% Following Earnings Beat

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) was up 1.3% on Tuesday following a stronger than expected earnings report. The company traded as high as $243.21 and last traded at $228.9860. Approximately 12,651,584 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 6,185,664 shares. The stock had previously closed at $226.10.

The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. During the same period last year, the company earned $0.20 earnings per share. Credo Technology Group’s quarterly revenue was up 157.0% compared to the same quarter last year.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Credo reported fiscal Q4 earnings of $1.16 per share, beating estimates, while revenue rose 157% year over year to $437 million, underscoring strong demand for its AI/data-center connectivity products. BusinessWire: Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Management guided first-quarter fiscal 2027 revenue to $465 million-$475 million, above consensus, suggesting momentum is continuing into the new fiscal year. MarketBeat earnings report and transcript
• Positive Sentiment: Several analysts raised price targets after the report, including TD Cowen to $260, JPMorgan to $250, Bank of America to $252, and Mizuho to $260, reinforcing a constructive long-term view. Benzinga analyst target updates
• Positive Sentiment: Multiple commentary pieces highlighted Credo’s positioning in AI infrastructure and optical/copper connectivity, with some arguing the company is well placed for the next phase of AI capex. Seeking Alpha: Credo Earnings: Why This Stock Is Now My Largest Holding
• Neutral Sentiment: Despite the beat, shares are falling because investors seem unconvinced by the initial reaction to the results, with some commentary pointing to margin or guidance concerns rather than a problem with demand. Seeking Alpha news: revenue surges but fails to satisfy all investors
• Neutral Sentiment: Additional bullish articles and price-target commentary continue to frame CRDO as a high-growth AI networking name, though these are more supportive of the long-term story than the immediate trading action. MarketBeat: Credo Technologies Paved a Path to a $300 Price Point
• Negative Sentiment: Even after the strong quarter, the stock pulled back after-hours as investors sold the news, suggesting expectations were high and some holders wanted even more from the report. Benzinga: Credo Technology Group Stock Dives Despite Q4 Earnings Beat

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $250.00 price objective on shares of Credo Technology Group in a report on Tuesday. TD Cowen increased their price objective on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC upped their price objective on shares of Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a report on Monday. Mizuho upped their price objective on shares of Credo Technology Group from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Bank of America upped their price objective on shares of Credo Technology Group from $210.00 to $252.00 and gave the stock a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Credo Technology Group currently has a consensus rating of “Buy” and an average price target of $248.41.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $117.68, for a total value of $5,884,000.00. Following the sale, the chief executive officer owned 1,782,502 shares of the company’s stock, valued at $209,764,835.36. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total value of $3,234,000.00. Following the completion of the sale, the chief technology officer directly owned 6,272,370 shares in the company, valued at $737,630,712. This trade represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 386,608 shares of company stock worth $50,371,351 in the last quarter. Insiders own 11.84% of the company’s stock.

Institutional Trading of Credo Technology Group

Hedge funds have recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its holdings in Credo Technology Group by 2.0% in the 1st quarter. Glenmede Trust Co. NA now owns 5,706 shares of the company’s stock valued at $536,000 after acquiring an additional 114 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Credo Technology Group by 12.7% in the 1st quarter. Segall Bryant & Hamill LLC now owns 111,621 shares of the company’s stock valued at $10,478,000 after buying an additional 12,616 shares in the last quarter. Verus Capital Partners LLC bought a new position in shares of Credo Technology Group during the 1st quarter worth about $506,000. Western Wealth Management LLC acquired a new stake in shares of Credo Technology Group during the 1st quarter valued at about $38,000. Finally, Edgestream Partners L.P. boosted its position in shares of Credo Technology Group by 28.4% during the 1st quarter. Edgestream Partners L.P. now owns 22,168 shares of the company’s stock valued at $2,081,000 after acquiring an additional 4,904 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

Credo Technology Group Stock Up 1.3%

The stock has a market cap of $42.24 billion, a price-to-earnings ratio of 127.21 and a beta of 3.22. The company’s 50-day moving average is $160.55 and its 200-day moving average is $145.28.

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.