Credo Technology Group (NASDAQ:CRDO) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Credo Technology Group (NASDAQ:CRDO) posted its earnings results on Tuesday. The company reported $0.16 earnings per share 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 Stock Performance

NASDAQ CRDO traded up $3.90 on Tuesday, hitting $54.32. 11,505,414 shares of the stock traded hands, compared to its average volume of 5,660,972. The business’s fifty day moving average is $70.63 and its two-hundred day moving average is $52.03. Credo Technology Group has a 12 month low of $16.82 and a 12 month high of $86.69. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of -362.13 and a beta of 2.09.

Insider Buying and Selling at Credo Technology Group

In related news, CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $68.04, for a total value of $3,742,200.00. Following the completion of the transaction, the chief technology officer now directly owns 8,508,602 shares in the company, valued at approximately $578,925,280.08. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lip Bu Tan sold 3,799 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $70.73, for a total value of $268,703.27. Following the sale, the director now owns 1,709,926 shares in the company, valued at approximately $120,943,065.98. This represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,338,175 shares of company stock worth $92,697,698 over the last ninety days. 16.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on CRDO shares. Needham & Company LLC raised their price objective on Credo Technology Group from $43.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group boosted their price target on shares of Credo Technology Group from $65.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Bank of America raised shares of Credo Technology Group from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $27.00 to $80.00 in a research report on Tuesday, December 3rd. Susquehanna started coverage on shares of 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. Finally, Stifel Nicolaus upped their target price on Credo Technology Group from $75.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Credo Technology Group presently has an average rating of “Moderate Buy” and an average target price of $76.40.

About Credo Technology Group

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.