Credo Technology Group (NASDAQ:CRDO) CTO Sells $5,310,800.00 in Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Cheng sold 27,500 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total transaction of $5,310,800.00. Following the sale, the chief technology officer directly owned 5,689,897 shares of the company’s stock, valued at $1,098,832,908.64. This represents a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 17th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $166.38, for a total transaction of $4,575,450.00.
• On Friday, September 4th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $170.00, for a total value of $644,300.00.
• On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The stock was sold at an average price of $209.53, for a total transaction of $5,756,417.69.
• On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $205.54, for a total transaction of $5,652,350.00.
• On Tuesday, July 21st, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $222.34, for a total value of $6,114,350.00.
• On Wednesday, July 8th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The shares were sold at an average price of $258.71, for a total transaction of $980,510.90.
• On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $243.06, for a total transaction of $6,684,150.00.
• On Tuesday, June 30th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $269.84, for a total transaction of $7,420,600.00.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $210.97 on Monday. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The stock has a market cap of $39.65 billion, a price-to-earnings ratio of 75.08, a P/E/G ratio of 0.84 and a beta of 3.22. The company’s fifty day moving average is $209.32 and its 200 day moving average is $195.53.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Tuesday, September 1st. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The business had revenue of $479.00 million during the quarter, compared to analyst estimates of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.Credo Technology Group’s revenue for the quarter was up 114.7% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on CRDO shares. TD Cowen upped their target price on Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, August 18th. Rosenblatt Securities boosted their price target on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus upped their price objective on shares of Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Susquehanna increased their price objective on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Finally, Roth Capital lifted their target price on shares of Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.89.

Key Credo Technology Group News

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

• Positive Sentiment: Credo’s revenue more than tripled in fiscal 2026 as demand grew for its high-speed connectivity chips and cables, which move data between servers in AI data centers. The company is viewed as a direct beneficiary of continued AI infrastructure spending, although Nvidia’s much larger data-center business highlights the competitive scale of the market. Credo vs. Nvidia: Which AI Chip Stock Is a Better Buy in 2026?
• Positive Sentiment: Investor commentary highlighted Credo’s 114.7% year-over-year quarterly revenue growth, strong GAAP profitability, net cash balance sheet and expected full-year revenue growth above 85%. The DustPhotonics acquisition is expected to expand Credo’s optical capabilities and improve vertical integration, while its products may benefit from shortages affecting competing photonics suppliers. Credo: The Rise Of Muse Validates The AI Trade Photonics And Optics Are In Shortage, Buy Credo
• Neutral Sentiment: Options activity was unusually heavy, with investors purchasing 42,247 call contracts—41% above the average daily volume. This signals increased bullish speculation, but options trading alone does not guarantee sustained buying in the shares.
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the figure may reflect a reporting or data anomaly and offers limited insight into fundamentals.
• Negative Sentiment: Insider James Laufman sold 5,000 shares for approximately $925,000, reducing his direct holdings by 2.87%. The sale is relatively small compared with his remaining stake but may temper sentiment at a richly valued stock trading at a high earnings multiple. Insider Selling: Credo Technology Group Insider Sells 5,000 Shares

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Credo Technology Group by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock valued at $555,117,000 after purchasing an additional 184,676 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Credo Technology Group by 239,024.5% in the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after purchasing an additional 3,597,318 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Credo Technology Group by 13.7% in the second quarter. Bank of America Corp DE now owns 2,182,764 shares of the company’s stock valued at $593,603,000 after purchasing an additional 262,479 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Credo Technology Group by 11.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,021,020 shares of the company’s stock valued at $290,805,000 after purchasing an additional 203,462 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Credo Technology Group by 33.8% during the fourth quarter. Barclays PLC now owns 1,448,004 shares of the company’s stock valued at $208,353,000 after buying an additional 365,923 shares during the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.