FY2028 Earnings Estimate for CRDO Issued By William Blair

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) – Investment analysts at William Blair issued their FY2028 earnings per share estimates for shares of Credo Technology Group in a research report issued to clients and investors on Tuesday, September 30th. William Blair analyst S. Naji forecasts that the company will post earnings of $2.58 per share for the year. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Credo Technology Group’s current full-year earnings is $0.13 per share.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $223.07 million for the quarter, compared to the consensus estimate of $190.63 million. Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The business’s revenue was up 273.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 earnings per share. Credo Technology Group has set its Q2 2026 guidance at EPS.

Several other equities analysts have also weighed in on CRDO. TD Cowen assumed coverage on shares of Credo Technology Group in a research report on Wednesday. They set a “buy” rating and a $170.00 price target for the company. Mizuho boosted their target price on shares of Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research note on Thursday, September 4th. Needham & Company LLC lifted their price target on shares of Credo Technology Group from $85.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, September 4th. Finally, Stifel Nicolaus set a $160.00 price target on shares of Credo Technology Group in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $128.55.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $149.63 on Thursday. Credo Technology Group has a 1 year low of $29.09 and a 1 year high of $176.70. The firm has a market cap of $25.89 billion, a PE ratio of 223.33 and a beta of 2.60. The stock has a fifty day moving average price of $132.35 and a 200-day moving average price of $87.39.

Insider Buying and Selling

In other news, CEO William Joseph Brennan sold 150,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $106.87, for a total value of $16,030,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,061,978 shares of the company’s stock, valued at $220,363,588.86. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $91.94, for a total value of $5,056,700.00. Following the completion of the transaction, the chief technology officer directly owned 7,328,961 shares of the company’s stock, valued at $673,824,674.34. The trade was a 0.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 798,915 shares of company stock valued at $99,967,495 over the last quarter. 11.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Credo Technology Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Credo Technology Group by 2.7% during the second quarter. Vanguard Group Inc. now owns 16,375,368 shares of the company’s stock valued at $1,516,195,000 after acquiring an additional 430,445 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Credo Technology Group by 36.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock valued at $602,662,000 after purchasing an additional 1,739,844 shares during the period. Geode Capital Management LLC boosted its holdings in Credo Technology Group by 4.7% in the 2nd quarter. Geode Capital Management LLC now owns 3,607,922 shares of the company’s stock valued at $334,740,000 after purchasing an additional 163,305 shares during the period. Swedbank AB raised its position in shares of Credo Technology Group by 29.5% in the first quarter. Swedbank AB now owns 3,219,125 shares of the company’s stock worth $129,280,000 after buying an additional 733,811 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Credo Technology Group by 66.0% in the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after buying an additional 1,218,504 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors.

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.