Credo Technology Group (NASDAQ:CRDO) Stock Price Down 9.2% – Time to Sell?

Credo Technology Group Holding Ltd. (NASDAQ:CRDO)’s stock price dropped 9.2% during mid-day trading on Monday . The company traded as low as $150.41 and last traded at $156.27. Approximately 8,567,920 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 7,049,258 shares. The stock had previously closed at $172.17.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Credo announced it will present at upcoming investor conferences, which can help keep the stock in focus ahead of earnings and give management a chance to reinforce its growth outlook. Credo to Present at Upcoming Investor Conferences
• Positive Sentiment: Credo said it is working with Rebellions to improve operational efficiency in enterprise AI factories, a partnership that supports the company’s positioning in fast-growing AI connectivity and infrastructure markets. Credo and Rebellions Work Together to Maximize Operational Efficiency in Enterprise AI Factories
• Neutral Sentiment: Recent commentary says CRDO’s move reflects a rebound after a short pullback, with investors weighing a high valuation against continued enthusiasm for AI data center spending and analyst support. A Look At Credo Technology Group Holding (CRDO) Valuation After AI Connectivity Interest And Analyst Upgrades
• Neutral Sentiment: Several reports note that traders have been bargain-hunting ahead of Credo’s upcoming fourth-quarter and full-year 2026 earnings, suggesting the stock is being driven partly by expectations rather than new financial results. Credo Technology (CRDO) Soars 8% as Investors Gear Up for Earnings
• Negative Sentiment: Some investors remain cautious after the stock’s sharp earlier selloff and are questioning whether the current valuation is too rich relative to hyperscaler capital spending trends. Buy, Sell or Hold Credo Technology After the Selloff to $150?

Wall Street Analysts Forecast Growth

CRDO has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Credo Technology Group from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Stifel Nicolaus set a $200.00 price target on Credo Technology Group in a report on Tuesday, March 3rd. Needham & Company LLC restated a “buy” rating and issued a $220.00 price target on shares of Credo Technology Group in a report on Wednesday, April 15th. Craig Hallum restated a “buy” rating and issued a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Finally, Rothschild & Co Redburn initiated coverage on Credo Technology Group in a report on Friday, May 1st. They issued a “buy” rating and a $206.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.71.

Credo Technology Group Stock Up 8.3%

The firm has a market cap of $33.75 billion, a P/E ratio of 101.66 and a beta of 3.17. The firm has a fifty day moving average of $141.80 and a 200-day moving average of $142.37.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business had revenue of $407.01 million for the quarter, compared to analyst estimates of $385.94 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. Credo Technology Group’s revenue was up 201.5% on a year-over-year basis. On average, equities analysts forecast that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current year.

Insider Buying and Selling

In related news, CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $178.99, for a total transaction of $4,922,225.00. Following the sale, the chief technology officer owned 6,024,870 shares in the company, valued at approximately $1,078,391,481.30. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO William Joseph Brennan sold 6,149 shares of the company’s stock in a transaction dated Sunday, April 5th. The stock was sold at an average price of $101.45, for a total value of $623,816.05. Following the sale, the chief executive officer owned 222,311 shares in the company, valued at $22,553,450.95. The trade was a 2.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 386,608 shares of company stock worth $50,371,351. Insiders own 11.84% of the company’s stock.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Savant Capital LLC grew its position in shares of Credo Technology Group by 0.7% in the third quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after purchasing an additional 68 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Credo Technology Group by 16.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after buying an additional 77 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in Credo Technology Group by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock worth $2,298,000 after buying an additional 91 shares in the last quarter. QRG Capital Management Inc. grew its position in Credo Technology Group by 1.7% during the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock worth $507,000 after buying an additional 91 shares in the last quarter. Finally, Bank of Nova Scotia lifted its stake in Credo Technology Group by 1.6% during the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock worth $566,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 80.46% of the company’s stock.

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.