--- title: "Credo Technology Group (NASDAQ:CRDO) Trading Up 11.5% - Time to Buy?" type: "News" locale: "en" url: "https://longbridge.com/en/news/286007486.md" description: "Credo Technology Group (NASDAQ:CRDO) shares rose 11.5% to $210.22 during mid-day trading, with a trading volume increase of 12%. Analysts have mixed ratings, with Barclays maintaining an \"overweight\" rating and a $260 target, while Jefferies issued a \"buy\" rating with a $175 target. The company reported a 201.5% revenue increase year-over-year, with an EPS of $1.07, surpassing estimates. Insider selling occurred recently, with significant shares sold by the CEO and CTO. The stock has a market cap of $38.78 billion and a consensus rating of \"Moderate Buy.\"" datetime: "2026-05-11T23:18:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286007486.md) - [en](https://longbridge.com/en/news/286007486.md) - [zh-HK](https://longbridge.com/zh-HK/news/286007486.md) --- # Credo Technology Group (NASDAQ:CRDO) Trading Up 11.5% - Time to Buy? Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) shares were up 11.5% during mid-day trading on Monday . The stock traded as high as $210.97 and last traded at $210.22. Approximately 7,959,702 shares changed hands during trading, an increase of 12% from the average daily volume of 7,084,328 shares. The stock had previously closed at $188.51. Get **Credo Technology Group** alerts: ## Analyst Ratings Changes - 5 Stocks Positioned to Benefit From the AI Inference Boom Several equities analysts have issued reports on CRDO shares. Barclays reaffirmed an "overweight" rating and set a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. Rosenblatt Securities increased their target price on shares of Credo Technology Group from $125.00 to $175.00 and gave the company a "neutral" rating in a research report on Wednesday, April 15th. Weiss Ratings cut shares of Credo Technology Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, April 24th. Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Credo Technology Group in a research report on Monday, April 13th. They issued a "buy" rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $207.71. **View Our Latest Research Report on Credo Technology Group** ## Credo Technology Group Stock Up 11.5% - 5 Stocks to Buy in May Before the Next AI Surge Hits The stock has a market capitalization of $38.78 billion, a price-to-earnings ratio of 116.79 and a beta of 3.17. The company's 50-day moving average is $130.21 and its 200-day moving average is $140.68. Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings data 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 net margin of 31.81% and a return on equity of 29.63%. The firm had revenue of $407.01 million during the quarter, compared to analysts' expectations of $385.94 million. During the same period last year, the business earned $0.25 earnings per share. Credo Technology Group's revenue was up 201.5% compared to the same quarter last year. Sell-side analysts anticipate that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current year. ## Insider Activity - AI Insider Selling: Sales Hit Photronics, Credo & CoreWeave as Shares Spike In other Credo Technology Group news, CEO William Joseph Brennan sold 50,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $117.68, for a total transaction of $5,884,000.00. Following the completion of the transaction, the chief executive officer owned 1,782,502 shares of the company's stock, valued at $209,764,835.36. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $117.60, for a total transaction of $3,234,000.00. Following the transaction, the chief technology officer directly owned 6,272,370 shares of the company's stock, valued at approximately $737,630,712. This trade represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 386,608 shares of company stock valued at $50,371,351. 11.84% of the stock is currently owned by insiders. ## Institutional Inflows and Outflows Several hedge funds have recently bought and sold shares of CRDO. Corient Private Wealth LLC boosted its stake in Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company's stock worth $517,835,000 after buying an additional 3,597,318 shares during the period. Amundi boosted its stake in shares of Credo Technology Group by 28,478.2% in the fourth quarter. Amundi now owns 1,559,796 shares of the company's stock valued at $224,439,000 after purchasing an additional 1,554,338 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Credo Technology Group by 841.9% in the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company's stock valued at $228,979,000 after purchasing an additional 1,422,391 shares during the period. Bank of America Corp DE boosted its stake in shares of Credo Technology Group by 161.5% in the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company's stock valued at $331,710,000 after purchasing an additional 1,406,752 shares during the period. Finally, Rafferty Asset Management LLC purchased a new position in shares of Credo Technology Group in the third quarter valued at approximately $183,553,000. Hedge funds and other institutional investors own 80.46% of the company's stock. ## Credo Technology Group Company Profile (Get Free Report) 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. ## Recommended Stories - Five stocks we like better than Credo Technology Group - Before the Moon Base Gets Built, These 4 Companies Win - Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases - 3 Stocks That Win If Inflation Surprises to the Downside - MercadoLibre Boldly Invests in Growth: Discount Deepens _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._ ## Should You Invest $1,000 in Credo Technology Group Right Now? Before you consider Credo Technology Group, you'll want to hear this. 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. While Credo Technology Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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