Credo Technology Group (NASDAQ:CRDO) Shares Up 5.5% on Analyst Upgrade

Shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shot up 5.5% on Wednesday after Rosenblatt Securities raised their price target on the stock from $125.00 to $175.00. Rosenblatt Securities currently has a neutral rating on the stock. Credo Technology Group traded as high as $168.97 and last traded at $168.35. 10,629,918 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 7,266,712 shares. The stock had previously closed at $159.52.

Other research analysts have also recently issued research reports about the stock. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the stock a “buy” rating in a research report on Thursday, February 19th. Susquehanna dropped their price objective on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a research report on Tuesday, March 3rd. Zacks Research cut shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Craig Hallum reissued a “buy” rating and set a $200.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Credo Technology Group in a report on Friday, March 27th. One research 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, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of $207.50.

Insider Buying and Selling at Credo Technology Group

In other Credo Technology Group news, CFO Daniel W. Fleming sold 2,460 shares of the company’s stock in a transaction on Sunday, April 5th. The shares were sold at an average price of $101.45, for a total transaction of $249,567.00. Following the completion of the sale, the chief financial officer owned 441,258 shares in the company, valued at approximately $44,765,624.10. The trade was a 0.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the sale, the chief technology officer owned 6,134,870 shares of the company’s stock, valued at $725,448,377.50. The trade was a 0.45% 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. Over the last 90 days, insiders have sold 386,419 shares of company stock worth $44,731,310. 11.84% of the stock is currently owned by insiders.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Major acquisition — Credo agreed to buy DustPhotonics (reported ~\$750M‑\$875M), adding silicon‑photonic optical transceiver tech that deepens its AI/data‑center exposure and could broaden revenue mix. Read More.
• Positive Sentiment: Broker support — Needham reaffirmed a Buy with a $220 target (large upside vs. recent levels), and Jefferies initiated/boosted coverage—both moves lend institutional credibility to the M&A/growth story. Read More.
• Positive Sentiment: Heavy call‑option buying — Unusually large call flows were reported, signaling speculative and hedged bullish positioning that can amplify intraday rallies. Read More.
• Neutral Sentiment: GHG disclosure — Credo published its FY2025 Greenhouse Gas report, increasing transparency on operational emissions (ESG item that supports longer‑term investor due diligence). Read More.
• Neutral Sentiment: M&A details forthcoming — Management hosted an M&A call/transcript is available; investors will be watching guidance on integration, expected synergies, timing and financing. Read More.
• Neutral Sentiment: Sector tailwinds — Broad Nasdaq/AI‑infrastructure strength has helped semiconductor/connectivity names like Credo alongside company‑specific news. Read More.
• Negative Sentiment: Insider selling — CTO Chi Fung Cheng executed Rule 10b5‑1 sales (recently disclosed), which some investors view as a modest near‑term liquidity event to monitor. Read More.
• Negative Sentiment: Analyst caution — Zacks trimmed its stance (from strong‑buy to hold), reflecting concerns that rapid gains and estimate revisions could limit near‑term upside for some investors. Read More.

Institutional Trading of Credo Technology Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new stake in shares of Credo Technology Group in the 3rd quarter valued at about $25,000. Crewe Advisors LLC increased its stake in shares of Credo Technology Group by 163.1% in the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company’s stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. Reflection Asset Management bought a new stake in shares of Credo Technology Group in the 4th quarter valued at about $25,000. Acumen Wealth Advisors LLC bought a new stake in shares of Credo Technology Group in the 4th quarter valued at about $25,000. Finally, First Horizon Corp bought a new stake in shares of Credo Technology Group in the 3rd quarter valued at about $26,000. 80.46% of the stock is owned by institutional investors.

Credo Technology Group Trading Up 5.5%

The business has a 50 day moving average price of $113.99 and a 200 day moving average price of $137.04. The company has a market capitalization of $31.05 billion, a P/E ratio of 93.53 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business had revenue of $407.01 million during the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter in the prior year, the company earned $0.25 EPS. The firm’s quarterly revenue was up 201.5% on a year-over-year basis. On average, analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

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.