Key Points
- CTO Chi Fung Cheng sold 55,000 shares of CRDO on Dec. 29 at an average of $143.41 for about $7.89M, leaving him with 6,448,961 shares (≈$924.8M) and a 0.85% reduction in his stake.
- The Dec. 29 sale is part of a string of identical 55,000‑share insider sales since October (including other officers), a pattern that could temper near‑term investor sentiment despite the small ownership changes.
- Credo also reported a blowout quarter (EPS $0.67 vs $0.49 est., revenue $268M, +272% YoY), and analysts remain broadly bullish with a consensus "Buy" and an average price target around $206.85.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock in a transaction dated Monday, December 29th. The shares were sold at an average price of $143.41, for a total transaction of $7,887,550.00. Following the completion of the transaction, the chief technology officer directly owned 6,448,961 shares of the company's stock, valued at $924,845,497.01. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 transaction 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 value 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 value 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 value 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 value 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 value of $8,144,400.00.
- On Monday, October 6th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $148.35, for a total transaction of $8,159,250.00.
Credo Technology Group Stock Up 0.2%
Shares of NASDAQ:CRDO opened at $144.92 on Wednesday. The company's 50-day moving average price is $157.27 and its 200 day moving average price is $133.99. The company has a market cap of $26.18 billion, a PE ratio of 127.12 and a beta of 2.63. Credo Technology Group Holding Ltd. has a fifty-two week low of $29.09 and a fifty-two week high of $213.80.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its quarterly earnings results on Monday, December 1st. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.49 by $0.18. The company had revenue of $268.03 million for the quarter, compared to analyst estimates of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. Credo Technology Group's revenue was up 272.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.
Trending Headlines about Credo Technology Group
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
Wall Street Analyst Weigh In
CRDO has been the topic of a number of research analyst reports. William Blair assumed coverage on Credo Technology Group in a report on Thursday, September 18th. They set an "outperform" rating on the stock. Cowen restated a "buy" rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Zacks Research raised shares of Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 4th. Wolfe Research set a $240.00 price objective on shares of Credo Technology Group in a research note on Tuesday, December 2nd. Finally, Stifel Nicolaus set a $160.00 target price on Credo Technology Group in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Credo Technology Group currently has an average rating of "Buy" and a consensus target price of $206.85.
Read Our Latest Research Report on CRDO
Institutional Trading of Credo Technology Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in CRDO. HighTower Advisors LLC acquired a new position in Credo Technology Group in the first quarter worth approximately $244,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Credo Technology Group during the first quarter worth $25,000. Ieq Capital LLC purchased a new stake in shares of Credo Technology Group during the first quarter valued at $402,000. The Manufacturers Life Insurance Company boosted its position in shares of Credo Technology Group by 74.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,098,369 shares of the company's stock valued at $44,110,000 after purchasing an additional 468,145 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in Credo Technology Group in the 1st quarter worth about $1,987,000. 80.46% of the stock is owned by institutional investors and hedge funds.
About Credo Technology Group
(
Get Free Report)
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.
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