<div id="readability-page-1"><p>Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report)'s share price fell 2.9% during mid-day trading on Thursday . The stock traded as low as $132.50 and last traded at $135.10. 7,233,470 shares changed hands during trading, an increase of 10% from the average session volume of 6,557,124 shares. The stock had previously closed at $139.16.</p><div><p><span></span><span>Get <strong>Credo Technology Group</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>Credo Just Pulled Back—This Might Be the Cleanest Entry Point</li></ul><p>Several research firms recently weighed in on CRDO. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Credo Technology Group in a research note on Monday, December 29th. KGI Securities upgraded Credo Technology Group from a &#34;hold&#34; rating to an &#34;outperform&#34; rating and set a $230.00 price objective for the company in a research report on Tuesday, December 2nd. Rosenblatt Securities assumed coverage on Credo Technology Group in a report on Wednesday. They issued a &#34;neutral&#34; rating and a $170.00 target price on the stock. Needham &amp; Company LLC boosted their target price on Credo Technology Group from $190.00 to $220.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, December 2nd. Finally, Susquehanna lifted their price objective on Credo Technology Group from $165.00 to $175.00 and gave the stock a &#34;positive&#34; rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued  a Buy rating and two have assigned  a Hold rating to the company. According to data from MarketBeat, Credo Technology Group  has an average rating of &#34;Buy&#34; and a consensus price target of $216.54.</p><p><b>View Our Latest Analysis on Credo Technology Group</b></p><h2>Credo Technology Group Stock Down 2.9%</h2><ul><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p>The company has a 50 day simple moving average of $151.97 and a two-hundred day simple moving average of $140.23. The company has a market capitalization of $24.40 billion, a P/E ratio of 118.51 and a beta of 2.66. </p><p>Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.18. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm had revenue of $268.03 million during the quarter, compared to analysts' expectations of $234.99 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company's quarterly revenue was up 272.1% on a year-over-year basis.  As a group, research analysts expect that  Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year. </p><h2>Insider Buying and Selling at Credo Technology Group</h2><ul><li>Credo Technologies Posted a Blowout Quarter—Here's What's Next</li></ul><p>In related news, COO Yat Tung Lam sold 370,000 shares of the company's stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $153.19, for a total transaction of $56,680,300.00. Following the transaction, the chief operating officer directly owned 400,000 shares in the company, valued at approximately $61,276,000. This represents a 48.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Chi Fung Cheng sold 55,000 shares of the firm's stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $143.94, for a total transaction of $7,916,700.00. Following the completion of the sale, the chief technology officer directly owned 6,558,961 shares of the company's stock, valued at approximately $944,096,846.34. The trade was a 0.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 995,476 shares of company stock worth $154,189,463 over the last quarter. Insiders own  11.84% of the company's stock. </p><h2>Institutional Investors Weigh In On Credo Technology Group</h2><p>Several hedge funds and other institutional investors have recently modified their holdings of CRDO. Savant Capital LLC boosted its holdings in  Credo Technology Group by 0.7% in the third quarter. Savant Capital LLC now owns 9,914 shares of the company's stock worth $1,444,000 after acquiring an additional 68 shares in the last quarter.  Northwestern Mutual Wealth Management Co. raised its position in shares of  Credo Technology Group by 16.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company's stock valued at $80,000 after purchasing an additional 77 shares during the last quarter.  Illinois Municipal Retirement Fund raised its position in shares of  Credo Technology Group by 0.6% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company's stock valued at $2,298,000 after purchasing an additional 91 shares during the last quarter.  Versant Capital Management Inc boosted its stake in  Credo Technology Group by 18.0% in the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company's stock worth $97,000 after purchasing an additional 101 shares in the last quarter.  Finally, Spirepoint Private Client LLC grew its position in  Credo Technology Group by 6.6% during the 4th quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company's stock worth $243,000 after purchasing an additional 105 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>About Credo Technology Group</h2> (Get Free Report)<p>Credo Technology Group, Inc <span>NASDAQ: CRDO<span></span></span> 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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Credo Technology Group</li><li>Trump’s AI Secret: 100X Faster Than Nvidia</li><li>The Crash Has Already Started (Most Just Don’t See It Yet)</li><li>New gold price target</li><li>Trump Planning to Use Public Law 63-43: Prepare Now</li><li>Your Bank Account Is No Longer Safe</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Credo Technology Group Right Now?</h2><p>Before you consider Credo Technology Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Credo Technology Group wasn't on the list.</p><p>While Credo Technology Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Credo Technology Group (NASDAQ:CRDO) shares fell 2.9% to $135.10 during mid-day trading, with a trading volume increase of 10%. Analysts have mixed ratings, with Weiss Ratings maintaining a "hold" rating, while KGI Securities upgraded to "outperform" with a $230 price target. The company reported strong earnings, with a $0.67 EPS, exceeding estimates. Insider selling was noted, with COO Yat Tung Lam selling 370,000 shares. Institutional investors have also adjusted their holdings, with some increasing their positions in the company.</p>

Credo Technology Group (NASDAQ:CRDO) Stock Price Down 2.9% - Time to Sell?