Chi Fung Cheng Sells 27,500 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

March 20, 2026 by InsiderTrades.com

Key Points

CTO Chi Fung Cheng sold 27,500 shares on March 17 at an average price of $107.90 for $2,967,250, and still directly owns 6,244,870 shares (valued at about $673.8M), a 0.44% reduction in his position.
The March 17 sale is part of a sustained insider selling pattern since December — multiple transactions (including several 27,500–55,000 share blocks) executed at prices roughly between $107 and $155.
Credo posted a strong quarter with $1.07 EPS (vs. $0.78 expected) and revenue up 201.5% YoY to $407.0M, and analysts remain broadly bullish with a consensus "Buy" and an average price target near $206.33.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $107.90, for a total value of $2,967,250.00. Following the transaction, the chief technology officer directly owned 6,244,870 shares of the company's stock, valued at $673,821,473. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Why Credo and Astera Soared After Oracle and Broadcom's Earnings

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

On Wednesday, March 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $117.60, for a total transaction of $3,234,000.00.
On Thursday, January 29th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were 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 stock was 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 shares were 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.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $107.07 on Friday. The company has a market capitalization of $19.75 billion, a PE ratio of 59.48 and a beta of 2.67. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80. The business's fifty day moving average is $124.23 and its 200 day moving average is $142.57.

Credo Technologies Hits Bottom: Now Is the Time to Buy

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.78 by $0.29. The business had revenue of $407.01 million during the quarter, compared to analysts' expectations of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm's revenue was up 201.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. On average, sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Institutional Trading of Credo Technology Group

A number of hedge funds have recently bought and sold shares of CRDO. NewEdge Advisors LLC boosted its stake in Credo Technology Group by 128.4% in the first quarter. NewEdge Advisors LLC now owns 7,066 shares of the company's stock worth $284,000 after buying an additional 3,972 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Credo Technology Group by 63.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company's stock worth $61,235,000 after acquiring an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Credo Technology Group by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company's stock worth $12,480,000 after acquiring an additional 7,107 shares in the last quarter. Creative Planning lifted its holdings in shares of Credo Technology Group by 161.5% in the 2nd quarter. Creative Planning now owns 73,091 shares of the company's stock worth $6,767,000 after acquiring an additional 45,144 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Credo Technology Group by 69.9% in the 2nd quarter. SG Americas Securities LLC now owns 7,170 shares of the company's stock worth $664,000 after acquiring an additional 2,950 shares during the last quarter. Institutional investors own 80.46% of the company's stock.

Analysts Set New Price Targets

5 Stocks to Buy in February: Last Year’s Winners Aren’t Done Yet

Several research analysts have recently commented on CRDO shares. Roth Mkm cut their price objective on Credo Technology Group from $250.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 10th. Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. KGI Securities raised shares of Credo Technology Group from a "hold" rating to an "outperform" rating and set a $230.00 price target for the company in a research note on Tuesday, December 2nd. The Goldman Sachs Group set a $165.00 price target on shares of Credo Technology Group and gave the stock a "buy" rating in a report on Thursday, February 19th. Finally, Mizuho lowered their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Credo Technology Group currently has an average rating of "Buy" and a consensus price target of $206.33.

Check Out Our Latest Analysis on CRDO

Key Headlines Impacting Credo Technology Group

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

Positive Sentiment: Brokerage and analyst upgrades are piling up — several outlets note a consensus "Buy" or upgraded view that highlights strong AI-driven demand, rapid revenue/EPS growth and attractive forward multiples. This analyst momentum is a key driver of buying interest. Read More.
Positive Sentiment: A bullish analyst write-up upgraded CRDO to "buy", citing sustained >200% YoY revenue growth, substantial EPS improvement, margin expansion, and a healthy net cash position — items investors treat as validation for a growth multiple. Read More.
Positive Sentiment: Product launches: Credo unveiled 800G ZeroFlap transceivers and new DSP families aimed at AI data-center networking — tangible product momentum that supports revenue growth and competitive positioning in high-bandwidth optical interfaces. Read More.
Neutral Sentiment: Market commentary is mixed: some outlets present conflicting analyst views and broader industry comparisons — useful context but not an outright sell signal. Read More.
Neutral Sentiment: Additional analyst notes and firm-specific coverage continue to appear (Stifel reiterated a Buy), supporting continued analyst-driven flows but keeping the story heterogeneous. Read More.
Neutral Sentiment: Trade-flow / options-focused pieces suggest elevated tactical interest in CRDO options; these can amplify short-term moves but don't change fundamentals. Read More. • Read More.
Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares at ~$107.90 (disclosed SEC filing). Insider sales can temper sentiment even though the executive retains a very large stake. Read More.
Neutral Sentiment: Short interest data appears to show no meaningful short position (reported zero shares / data glitch), so short-squeeze risk is low based on the available figures. (Reported 3/19)

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.