Credo Technology jumps as investors buy the dip after recent selloff

Credo Technology Group Holding Ltd. (CRDO) is up 12.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears to be a rebound after a sharp pullback last week, helped by investors refocusing on Credo’s strong recent growth and its positioning in AI networking and optical connectivity. A fresh company announcement tied to Open Compute Project telemetry standards and the afterglow of strong fiscal first-quarter results also likely improved sentiment, although there does not appear to be a single definitive catalyst today.

Details:

Credo announced on November 4 that, with Oracle, it advanced two Open Compute Project contributions aimed at improving optical transceiver telemetry and link reliability in AI data centers.

In its September 1 fiscal first-quarter 2027 results, the company posted revenue of $479.0 million, up 114.7% year over year, and guided the next quarter to $525 million to $535 million.

Trading screens and market summaries show CRDO bouncing after a steep two-session drop last week, suggesting part of today’s gain may be dip-buying rather than reaction to brand-new fundamentals.

Recent product and standards announcements around AI memory expansion, optics, and interconnects may have reinforced the view that Credo remains leveraged to ongoing AI infrastructure spending.

Sources:

Credo Investor Relations ([investors.credosemi.com](https://investors.credosemi.com/news-events/news/news-details/2026/Credo-and-Oracle-Advance-Optical-Transceiver-Telemetry-Standardization-with-OCP-Community/default.aspx?utm_source=openai)), MarketBeat ([marketbeat.com](https://www.marketbeat.com/stocks/NASDAQ/CRDO/news/)), Finviz ([finviz.com](https://finviz.com/stock?b=2&p=m&r=max&t=CRDO&utm_source=openai))

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 insiders have traded $CRDO stock on the open market 318 times in the past 6 months. Of those trades, 0 have been purchases and 318 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 183 sales selling 403,602 shares for an estimated $84,374,293.
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 44 sales selling 103,322 shares for an estimated $17,730,053.
DANIEL W. FLEMING (Chief Financial Officer) has made 0 purchases and 26 sales selling 55,160 shares for an estimated $13,456,884.
JAMES LAUFMAN (Chief Legal Officer, Secretary) has made 0 purchases and 4 sales selling 20,000 shares for an estimated $4,386,475.
CLYDE HOSEIN sold 3,451 shares for an estimated $905,283
SYLVIA ACEVEDO sold 2,208 shares for an estimated $465,888
PANTAS SUTARDJA, sold 1,540 shares for an estimated $326,818
FARIBA DANESH sold 1,100 shares for an estimated $259,979

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

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$CRDO Hedge Fund Activity

We have seen 620 institutional investors add shares of $CRDO stock to their portfolio, and 422 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 Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative 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 Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CRDO Price Targets

Multiple analysts have issued price targets for $CRDO recently. We have seen 11 analysts offer price targets for $CRDO in the last 6 months, with a median target of $275.0.

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 Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.