Key Points
- CTO Chi Fung Cheng sold 27,500 shares of Credo (CRDO) on March 11 at an average price of $117.60 for $3.234M, trimming his stake to 6,272,370 shares (a 0.44% decrease); CEO William Brennan also sold shares the same day as part of a recent run of insider sales.
- Despite insider sales, Credo posted a record quarter (EPS $1.07 vs. $0.78 consensus; revenue $407.0M, up 201.5% YoY) and retains strong analyst support with a consensus "Buy" and a $206.33 price target.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $117.60, for a total value of $3,234,000.00. Following the sale, the chief technology officer owned 6,272,370 shares in the company, valued at $737,630,712. The trade was a 0.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Chi Fung Cheng also recently made the following trade(s):
- On Thursday, January 29th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $127.37, for a total transaction of $3,502,675.00.
- On Thursday, January 22nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $136.33, for a total transaction of $4,089,900.00.
- On Thursday, January 15th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $155.47, for a total transaction of $4,664,100.00.
- On Thursday, January 8th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $139.93, for a total transaction of $4,197,900.00.
- On Friday, January 2nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $143.61, for a total transaction of $4,308,300.00.
- On Monday, December 29th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $143.41, for a total transaction of $7,887,550.00.
- 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 stock was sold at an average price of $143.94, for a total transaction of $7,916,700.00.
Credo Technology Group Price Performance
Shares of NASDAQ:CRDO opened at $117.69 on Friday. Credo Technology Group Holding Ltd. has a 1 year low of $29.09 and a 1 year high of $213.80. The business has a 50 day simple moving average of $126.75 and a two-hundred day simple moving average of $143.04. The firm has a market capitalization of $21.71 billion, a PE ratio of 65.38 and a beta of 2.67.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.29. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm had revenue of $407.01 million for the quarter, compared to analysts' expectations of $385.94 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The company's quarterly revenue was up 201.5% on a year-over-year basis. Equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.
Credo Technology Group News Roundup
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Strong quarterly results and growth outlook: Credo reported a record quarter with a sizable EPS and revenue beat, plus high margins and strong year‑over‑year revenue growth — a key reason investors have been bidding the stock up. Credo Technology Soars on Record Earnings and Growth
- Positive Sentiment: Product visibility at OFC 2026: Credo will showcase optical solutions for AI scale‑out fabrics at the OFC conference, highlighting demand exposure to AI/datacenter customers that can support revenue growth. Credo to Showcase Optical Solutions for AI Scale-Out Fabrics at OFC 2026
- Positive Sentiment: Analyst/BRI commentary bullish on long‑term thesis: A recent Seeking Alpha piece highlights growing hyperscaler adoption, ~88% AEC market share, and an R&D/sampling pipeline (next‑gen 1.6Tb AECs and active cables) that could drive material revenue recognition in FY2027 — supporting a constructive investment case. Credo: Meltdown's A Gift - Growing Hyperscaler Adoption, Robust R&D/Sampling Cadence
- Neutral Sentiment: Short interest reporting appears anomalous: Recent short‑interest entries show 0 shares and NaN changes — likely a reporting/data issue rather than a meaningful change in bearish positioning; this should be treated as neutral until clarified.
- Negative Sentiment: Insider sales by senior executives may create short‑term pressure: CEO William Brennan sold a total of 68,016 shares on March 11 (multiple filings) and CTO Chi Fung Cheng sold 27,500 shares the same day. These disclosures can trigger investor concern about insider liquidity or timing, even though insiders still hold large positions. SEC filings: CEO Form 4 and CTO Form 4
Institutional Trading of Credo Technology Group
A number of hedge funds have recently added to or reduced their stakes in the business. Spear Advisors LLC bought a new position in Credo Technology Group during the 4th quarter worth about $11,705,000. World Investment Advisors raised its holdings in shares of Credo Technology Group by 77.5% in the 4th quarter. World Investment Advisors now owns 2,870 shares of the company's stock valued at $413,000 after purchasing an additional 1,253 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Credo Technology Group by 1,665.6% in the 4th quarter. Corient Private Wealth LLC now owns 26,573 shares of the company's stock worth $3,824,000 after purchasing an additional 25,068 shares during the period. Reflection Asset Management purchased a new stake in shares of Credo Technology Group in the 4th quarter worth approximately $25,000. Finally, Clearwave Capital LLC bought a new position in shares of Credo Technology Group during the fourth quarter valued at approximately $708,000. 80.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on CRDO. KGI Securities upgraded Credo Technology Group from a "hold" rating to an "outperform" rating and set a $230.00 target price for the company in a research report on Tuesday, December 2nd. Rosenblatt Securities reduced their price target on shares of Credo Technology Group from $170.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of Credo Technology Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 3rd. Barclays reissued an "overweight" rating and issued a $260.00 price objective on shares of Credo Technology Group in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the stock a "buy" rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Credo Technology Group has a consensus rating of "Buy" and a consensus price target of $206.33.
Check Out Our Latest Research Report on CRDO
Credo Technology Group Company Profile
(
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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