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Credo Technology Falls as Sector Weakness and Selling Overhang Pressure Shares

Investivoq PriceTracker

Credo Technology Group Holding Ltd (CRDO) is down 5.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a mix of broader semiconductor weakness and stock-specific pressure from valuation concerns and recent insider selling activity. There does not appear to be a new company announcement today, so the decline could be because investors are still digesting a rich valuation, softer sentiment across AI-linked chip names, and recent reductions to analyst price targets.

Details:

  • The company’s most recent quarterly update showed revenue of $479.0 million, up sharply from a year earlier, but second-quarter guidance pointed to revenue of $525 million to $535 million and a GAAP gross margin range below the prior quarter.
  • A recent quarterly filing showed cash and cash equivalents fell to $466.9 million from $1.16 billion in the prior quarter, largely because of the DustPhotonics acquisition and higher working-capital needs tied to growth.
  • Recent ownership filings indicate multiple insider sales in late September and early October, adding an overhang for a stock that had already run up significantly earlier in the year.
  • An analyst recently kept a positive rating but lowered the price target, which can reinforce near-term profit-taking when sentiment across semiconductor shares is already weak.

    • Sources:

    Credo, SEC, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $CRDO Insider Trading Activity

    CRDO Insider Trades

    $CRDO insiders have traded $CRDO stock on the open market 301 times in the past 6 months. Of those trades, 0 have been purchases and 301 have been sales.

    Here’s a breakdown of recent trading of $CRDO stock by insiders over the last 6 months:

    • CHI FUNG CHENG (Chief Technology Officer) has made 0 purchases and 180 sales selling 427,312 shares for an estimated $88,399,004.
    • YAT TUNG LAM (Chief Operating Officer) has made 0 purchases and 57 sales selling 361,439 shares for an estimated $77,263,875.
    • WILLIAM JOSEPH BRENNAN (Pres & Chief Executive Officer) has made 0 purchases and 33 sales selling 86,656 shares for an estimated $14,815,747.
    • DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 23 sales selling 55,160 shares for an estimated $13,000,005.
    • JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 5 sales selling 30,000 shares for an estimated $6,030,575.
    • CLYDE HOSEIN sold 3,451 shares for an estimated $905,283
    • SYLVIA ACEVEDO sold 2,208 shares for an estimated $465,888
    • FARIBA DANESH sold 1,100 shares for an estimated $259,979

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $CRDO Hedge Fund Activity

    We have seen 619 institutional investors add shares of $CRDO stock to their portfolio, and 345 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JENNISON ASSOCIATES LLC added 2,408,196 shares (+974.6%) to their portfolio in Q2 2026, for an estimated $654,908,902
    • WELLINGTON MANAGEMENT GROUP LLP removed 2,066,529 shares (-60.6%) from their portfolio in Q2 2026, for an estimated $561,992,561
    • BLACKROCK, INC. removed 2,059,560 shares (-10.4%) from their portfolio in Q2 2026, for an estimated $560,097,342
    • ALLIANCEBERNSTEIN L.P. removed 1,717,449 shares (-86.5%) from their portfolio in Q2 2026, for an estimated $467,060,255
    • HRT FINANCIAL LP added 1,387,796 shares (+inf%) to their portfolio in Q2 2026, for an estimated $377,411,122
    • QUBE RESEARCH & TECHNOLOGIES LTD added 1,342,314 shares (+inf%) to their portfolio in Q2 2026, for an estimated $365,042,292
    • POINT72 ASSET MANAGEMENT, L.P. removed 1,326,467 shares (-17.7%) from their portfolio in Q2 2026, for an estimated $360,732,700

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $CRDO Congressional Stock Trading

    Members of Congress have traded $CRDO stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $CRDO stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 07/02, 06/30.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $CRDO Analyst Ratings

    Wall Street analysts have issued reports on $CRDO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Rothschild & Co issued a "Buy" rating on 05/01/2026

    To track analyst ratings and price targets for $CRDO, check out Investivoq's $CRDO forecast page.

    $CRDO Price Targets

    Multiple analysts have issued price targets for $CRDO recently. We have seen 13 analysts offer price targets for $CRDO in the last 6 months, with a median target of $270.0.

    Here are some recent targets:

    • Vivek Arya from B of A Securities set a target price of $340.0 on 06/23/2026
    • Tore Svanberg from Stifel set a target price of $350.0 on 06/22/2026
    • Mark Lipacis from Evercore ISI Group set a target price of $325.0 on 06/22/2026
    • N. Quinn Bolton from Needham set a target price of $275.0 on 06/02/2026
    • Vijay Rakesh from Mizuho set a target price of $290.0 on 06/02/2026
    • Mike Genovese from Rosenblatt set a target price of $215.0 on 06/02/2026
    • Blayne Curtis from Jefferies set a target price of $270.0 on 06/02/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.