Credo Technology Group (CRDO) Projected to Post Earnings on Monday

Credo Technology Group (NASDAQ:CRDO - Get Free Report) is expected to release its Q4 2025 earnings data after the market closes on Monday, June 2nd. Analysts expect Credo Technology Group to post earnings of $0.27 per share and revenue of $159.59 million for the quarter.

Credo Technology Group Stock Performance

NASDAQ CRDO traded up $1.87 on Tuesday, hitting $63.65. 3,631,906 shares of the stock were exchanged, compared to its average volume of 3,720,356. The stock has a fifty day moving average price of $46.47 and a two-hundred day moving average price of $57.10. Credo Technology Group has a 52-week low of $19.72 and a 52-week high of $86.69. The firm has a market capitalization of $10.81 billion, a P/E ratio of -424.33 and a beta of 2.29.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRDO. Barclays lowered their target price on Credo Technology Group from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Susquehanna raised shares of Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. Stifel Nicolaus lowered their target price on Credo Technology Group from $85.00 to $69.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Mizuho decreased their price objective on Credo Technology Group from $90.00 to $82.00 and set an "outperform" rating for the company in a research note on Thursday, April 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $80.00 price target on shares of Credo Technology Group in a research report on Wednesday, March 5th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $71.50.

Insider Buying and Selling at Credo Technology Group

In other news, insider James Laufman sold 8,000 shares of Credo Technology Group stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $39.09, for a total transaction of $312,720.00. Following the completion of the sale, the insider now directly owns 271,725 shares in the company, valued at $10,621,730.25. The trade was a 2.86% 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, Director Pantas Sutardja sold 1,875 shares of Credo Technology Group stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $46.01, for a total value of $86,268.75. Following the completion of the sale, the director now directly owns 5,900,527 shares of the company's stock, valued at approximately $271,483,247.27. This represents a 0.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 573,665 shares of company stock worth $25,908,531. 16.04% of the stock is owned by insiders.

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of Credo Technology Group by 128.4% in the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company's stock worth $284,000 after purchasing an additional 3,972 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Credo Technology Group by 2.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company's stock valued at $12,480,000 after buying an additional 7,107 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company's stock valued at $61,235,000 after buying an additional 589,151 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.