Credo Technology Group (NASDAQ:CRDO) Announces Quarterly Earnings Results

Credo Technology Group (NASDAQ:CRDO) posted its quarterly earnings data on Tuesday. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02), Zacks reports. Credo Technology Group had a negative net margin of 9.70% and a negative return on equity of 2.94%. Credo Technology Group updated its Q4 2025 guidance to EPS.

Credo Technology Group Price Performance

NASDAQ:CRDO traded up $3.90 on Tuesday, reaching $54.32. 11,271,413 shares of the company’s stock were exchanged, compared to its average volume of 5,660,972. The stock has a fifty day simple moving average of $70.63 and a 200-day simple moving average of $52.03. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of -362.13 and a beta of 2.09. Credo Technology Group has a 52 week low of $16.82 and a 52 week high of $86.69.

Insider Activity at Credo Technology Group

In other news, Director Lip Bu Tan sold 3,799 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $70.73, for a total transaction of $268,703.27. Following the completion of the transaction, the director now directly owns 1,709,926 shares in the company, valued at $120,943,065.98. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pantas Sutardja sold 21,041 shares of Credo Technology Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $68.19, for a total value of $1,434,785.79. Following the sale, the director now owns 5,904,277 shares of the company’s stock, valued at approximately $402,612,648.63. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,338,175 shares of company stock worth $92,697,698. Corporate insiders own 16.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho lifted their price objective on Credo Technology Group from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Bank of America raised Credo Technology Group from an “underperform” rating to a “buy” rating and upped their price objective for the company from $27.00 to $80.00 in a research note on Tuesday, December 3rd. Craig Hallum increased their price objective on shares of Credo Technology Group from $38.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays upped their price target on Credo Technology Group from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. Finally, Susquehanna assumed coverage on Credo Technology Group in a research report on Tuesday, December 17th. They set a “neutral” rating and a $80.00 target price on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $76.40.

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.