Credo Technology Group (NASDAQ:CRDO) Stock Price Down 4.2% – Should You Sell?

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares traded down 4.2% during mid-day trading on Monday . The stock traded as low as $223.54 and last traded at $226.10. 11,462,694 shares were traded during trading, an increase of 62% from the average session volume of 7,085,354 shares. The stock had previously closed at $236.03.

More Credo Technology Group News

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

• Positive Sentiment: Credo reported fiscal Q4 earnings of $1.16 per share on revenue of $437 million, beating expectations and more than doubling revenue year over year, which reinforced demand strength in AI/data-center connectivity. Article Title
• Positive Sentiment: Management signaled an “optical ramp” in fiscal 2027, suggesting a potential second-half acceleration that could improve the revenue mix and extend growth beyond copper interconnect products. Article Title
• Positive Sentiment: Multiple firms raised price targets after the report, including TD Cowen, JPMorgan, Bank of America, Mizuho, and Rosenblatt, reflecting improving confidence in Credo’s growth outlook and AI infrastructure exposure. Article Title
• Positive Sentiment: Analyst coverage and stock-picking pieces highlighted Credo as a profitable June idea and a long-term AI/data-center beneficiary, which can add momentum to the shares. Article Title
• Neutral Sentiment: Some commentary noted that investors were not fully satisfied with the near-term outlook and gross-margin dynamics, which helped explain the initial post-earnings weakness despite strong results. Article Title

Analyst Ratings Changes

A number of research firms have recently issued reports on CRDO. The Goldman Sachs Group restated a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a research report on Tuesday. Needham & Company LLC boosted their target price on shares of Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings raised shares of Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Stifel Nicolaus set a $250.00 price target on shares of Credo Technology Group in a report on Wednesday, May 27th. Finally, TD Cowen raised their price objective on Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $248.41.

Credo Technology Group Stock Up 1.3%

The firm has a market cap of $42.24 billion, a PE ratio of 92.34 and a beta of 3.22. The business has a 50-day moving average price of $160.55 and a two-hundred day moving average price of $145.28.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 36.99% and a net margin of 35.37%.The business had revenue of $437.00 million during the quarter, compared to analysts’ expectations of $431.80 million. During the same quarter last year, the business posted $0.20 EPS. The business’s quarterly revenue was up 157.0% compared to the same quarter last year. On average, equities research analysts predict that Credo Technology Group Holding Ltd. will post 3.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Chi Fung Cheng sold 27,500 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total transaction of $3,234,000.00. Following the completion of the transaction, the chief technology officer owned 6,272,370 shares in the company, valued at approximately $737,630,712. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total value of $5,884,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,782,502 shares in the company, valued at $209,764,835.36. This trade represents a 2.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 386,608 shares of company stock valued at $50,371,351 in the last quarter. 11.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Credo Technology Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Credo Technology Group by 9.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 271,067 shares of the company’s stock worth $39,004,000 after purchasing an additional 23,332 shares in the last quarter. Optimize Financial Inc purchased a new stake in shares of Credo Technology Group in the 3rd quarter valued at about $1,431,000. M&T Bank Corp boosted its position in shares of Credo Technology Group by 428.8% in the 4th quarter. M&T Bank Corp now owns 13,427 shares of the company’s stock valued at $1,932,000 after purchasing an additional 10,888 shares during the period. FengHe Fund Management Pte. Ltd. grew its stake in Credo Technology Group by 5.7% during the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 162,269 shares of the company’s stock worth $23,349,000 after buying an additional 8,769 shares during the last quarter. Finally, TD Asset Management Inc purchased a new position in Credo Technology Group during the 3rd quarter worth approximately $17,454,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

About Credo Technology Group

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.