Credo Technology Group (NASDAQ:CRDO) Rating Lowered to Hold at Zacks Research

Credo Technology Group (NASDAQ:CRDO) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also recently weighed in on CRDO. Rosenblatt Securities lifted their target price on shares of Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $250.00 price target on shares of Credo Technology Group in a research note on Tuesday, June 2nd. Needham & Company LLC raised their price target on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, June 1st. Rothschild & Co Redburn initiated coverage on Credo Technology Group in a research report on Friday, May 1st. They issued a “buy” rating and a $206.00 price objective on the stock. Finally, Wall Street Zen downgraded Credo Technology Group from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $266.17.

Credo Technology Group Trading Up 9.0%

NASDAQ CRDO opened at $237.92 on Monday. Credo Technology Group has a 12 month low of $86.49 and a 12 month high of $308.67. The stock has a market cap of $44.37 billion, a price-to-earnings ratio of 95.94, a PEG ratio of 1.00 and a beta of 3.23. The company’s 50 day moving average is $236.93 and its two-hundred day moving average is $172.92.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.14. The business had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s revenue was up 157.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. Sell-side analysts forecast that Credo Technology Group will post 4.84 EPS for the current year.

Insider Buying and Selling

In other news, COO Yat Tung Lam sold 55,441 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $213.02, for a total value of $11,810,041.82. Following the sale, the chief operating officer directly owned 2,529,169 shares in the company, valued at $538,763,580.38. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Daniel W. Fleming sold 7,580 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $245.88, for a total transaction of $1,863,770.40. Following the sale, the chief financial officer owned 504,708 shares in the company, valued at $124,097,603.04. This represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 435,076 shares of company stock worth $101,043,506. Insiders own 11.84% of the company’s stock.

Institutional Investors Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reflection Asset Management bought a new stake in shares of Credo Technology Group in the 4th quarter valued at approximately $25,000. Acumen Wealth Advisors LLC purchased a new position in Credo Technology Group during the fourth quarter worth $25,000. Flagship Harbor Advisors LLC purchased a new position in Credo Technology Group during the fourth quarter worth $32,000. Smallwood Wealth Investment Management LLC bought a new position in Credo Technology Group during the fourth quarter valued at $36,000. Finally, Van ECK Associates Corp bought a new position in Credo Technology Group during the fourth quarter valued at $37,000. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group News Roundup

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

• Positive Sentiment: Credo plans to showcase AI memory and storage connectivity solutions at Flash Memory Summit 2026. The event could highlight products positioned to benefit from rising data-center, AI and high-bandwidth memory infrastructure spending. Credo to Showcase AI Memory and Storage Connectivity Solutions at FMS 2026
• Positive Sentiment: Analysts and market commentary continue to identify Credo as an AI connectivity beneficiary. Although AI stocks have experienced a summer pullback, broader AI spending trends and published price targets suggest the company’s longer-term growth outlook remains intact. 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest?
• Neutral Sentiment: Credo’s shares have risen 52% year to date, reflecting strong AI-related growth expectations. Its latest reported quarter also showed substantial year-over-year revenue growth and an earnings beat, but investors are weighing whether that growth justifies the stock’s premium valuation. Credo Technology Surges 52% YTD: Buy, Sell or Hold the Stock?
• Negative Sentiment: Executives disclosed additional stock sales made on July 31 under pre-arranged Rule 10b5-1 plans. The CTO sold 27,473 shares for about $5.8 million, while COO Yat Tung Lam sold a combined 105,441 shares for approximately $22.5 million. Both executives retain substantial holdings, which reduces—but does not eliminate—the concern that insiders are taking profits after the strong rally. SEC Form 4—CTO Sale SEC Form 4—COO Sales
• Negative Sentiment: A separate report noted that Credo’s co-founder and CTO disposed of roughly 27,500 shares worth about $6.1 million on July 21. The sale was a small percentage of total ownership, but adds to the recent pattern of insider profit-taking. Credo Technology Insider Sale

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.