Credo Technology Group (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 55,000 Shares of Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction on Monday, December 29th. The shares were sold at an average price of $143.41, for a total value of $7,887,550.00. Following the completion of the sale, the chief technology officer directly owned 6,448,961 shares of the company’s stock, valued at approximately $924,845,497.01. This represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Chi Fung Cheng also recently made the following trade(s):

• On Monday, December 22nd, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $150.77, for a total value of $8,292,350.00.
• On Monday, December 15th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $143.94, for a total transaction of $7,916,700.00.
• On Monday, December 8th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $174.70, for a total transaction of $9,608,500.00.
• On Monday, October 27th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $156.32, for a total transaction of $8,597,600.00.
• On Monday, October 20th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $150.34, for a total transaction of $8,268,700.00.
• On Monday, October 13th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $148.08, for a total transaction of $8,144,400.00.
• On Monday, October 6th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $148.35, for a total transaction of $8,159,250.00.

Credo Technology Group Stock Up 0.2%

CRDO stock opened at $144.92 on Wednesday. The company has a market cap of $26.18 billion, a price-to-earnings ratio of 127.12 and a beta of 2.63. The business has a fifty day simple moving average of $157.27 and a 200-day simple moving average of $133.99. Credo Technology Group Holding Ltd. has a 52 week low of $29.09 and a 52 week high of $213.80.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.18. The firm had revenue of $268.03 million during the quarter, compared to the consensus estimate of $234.99 million. Credo Technology Group had a return on equity of 25.28% and a net margin of 26.63%.The firm’s quarterly revenue was up 272.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. As a group, analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Credo Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of CRDO. Northwestern Mutual Wealth Management Co. acquired a new position in Credo Technology Group in the first quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Credo Technology Group in the 3rd quarter worth approximately $25,000. First Horizon Corp acquired a new position in shares of Credo Technology Group in the 3rd quarter worth approximately $26,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in shares of Credo Technology Group in the 2nd quarter valued at approximately $27,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Credo Technology Group by 133.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 257 shares of the company’s stock valued at $38,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Credo Technology Group from $165.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Roth Capital raised their price objective on Credo Technology Group from $170.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Cowen reaffirmed a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Bank of America increased their target price on Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Susquehanna lifted their price objective on shares of Credo Technology Group from $165.00 to $175.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Credo Technology Group currently has an average rating of “Buy” and an average price target of $206.85.

Credo Technology Group News Summary

Here are the key news stories impacting Credo Technology Group this week:

• Positive Sentiment: Brokerages and analysts remain bullish — multiple firms raised price targets and the consensus rating is “Buy,” supporting upside expectations. Analyst Coverage
• Positive Sentiment: Zacks included CRDO among “4 Stocks to Buy for 2026,” highlighting investor interest and potential retail/institutional buying from thematic coverage. Zacks: 4 Stocks to Buy
• Positive Sentiment: Investors continue to point to Credo’s strong fundamentals: the company reported a blowout quarter in early December (large revenue and EPS beats), which underpins higher analyst targets and valuation expansion. Quarterly Results Analysis
• Neutral Sentiment: Credo published its 2025 ESG report — positive for longer?term institutional demand and reputational risk management, though near?term market impact is typically limited. ESG Report
• Neutral Sentiment: Analyst comparison pieces (CRDO vs. Marvell) are drawing attention to valuation and strategy differences in AI/data?center connectivity — useful for investors deciding between peers but not an immediate catalyst. CRDO vs MRVL
• Neutral Sentiment: Institutional ownership remains high and some hedge funds increased positions; this supports liquidity and could amplify moves, but is not an immediate directional catalyst. Institutional Holdings
• Negative Sentiment: CTO Chi Fung Cheng sold 55,000 shares at about $143.41 (transaction disclosed via SEC filing), removing a small percentage of his stake — insider sales can weigh on sentiment even though the CTO retains a large position. CTO Sale
• Negative Sentiment: Another insider, James Laufman, sold 10,000 shares at $150, also reducing insider ownership modestly — additional insider selling may temper short?term enthusiasm. Officer Sale

About Credo Technology Group

Credo Technology Group, Inc (NASDAQ: CRDO) is a fabless semiconductor company that develops high?speed connectivity solutions for cloud, enterprise and telecommunications infrastructure. The company focuses on semiconductors and related IP that enable reliable, low?latency movement of large volumes of data between servers, switches and optical modules in data centers and network equipment.

Credo’s product portfolio centers on high?speed analog and mixed?signal devices designed to preserve signal integrity and extend reach over copper and optical links.