Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Fung Cheng sold 2,434 shares of the stock in a transaction dated Sunday, April 5th. The stock was sold at an average price of $101.45, for a total transaction of $246,929.30. Following the transaction, the chief technology officer owned 108,786 shares in the company, valued at approximately $11,036,339.70. The trade was a 2.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Chi Fung Cheng also recently made the following trade(s):
- On Tuesday, March 31st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $91.28, for a total transaction of $2,510,200.00.
- On Tuesday, March 24th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $100.67, for a total transaction of $2,768,425.00.
- On Tuesday, March 17th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $107.90, for a total transaction of $2,967,250.00.
- 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 value 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 value 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 value of $4,664,100.00.
- On Thursday, January 8th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $139.93, for a total value of $4,197,900.00.
Credo Technology Group Trading Up 1.0%
Shares of NASDAQ CRDO opened at $102.46 on Tuesday. The stock has a market capitalization of $18.90 billion, a PE ratio of 56.92 and a beta of 2.72. The stock's fifty day simple moving average is $112.69 and its two-hundred day simple moving average is $138.19. Credo Technology Group Holding Ltd. has a 12-month low of $29.09 and a 12-month high of $213.80.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last announced its earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $407.01 million for the quarter, compared to analysts' expectations of $385.94 million. During the same quarter last year, the firm earned $0.25 EPS. The business's revenue for the quarter was up 201.5% on a year-over-year basis. On average, equities analysts predict that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.
Credo Technology Group News Roundup
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Company reported record Q3 FY26 results with surging revenue and gross margins driven by AI demand, growth in AEC (copper) deployments and hyperscaler expansion — the earnings beat and margin expansion underpin stronger profitability and support a bullish growth thesis. What's Behind Credo's Strong Margins and Profitability Gains?
- Positive Sentiment: Analyst/market notes point to a discounted P/E relative to growth prospects and solid cash position; commentary frames CRDO as a valuation play on durable AI connectivity demand and expanding product set. Credo Technology Trades at a Discounted P/E: Time to Buy the Stock?
- Positive Sentiment: Industry analysis argues recent "copper panic" selloff is overdone — Credo’s AEC copper solutions remain energy- and latency-efficient for many XPU/AI interconnect use cases; Broadcom commentary cited as validating continued demand for direct-attach copper, supporting Credo’s long-term TAM. Credo: Why The Copper Panic Is Wrong
- Neutral Sentiment: Comparative coverage contrasts Credo with peers (e.g., Synaptics); useful for investors doing cross-stock valuation and product positioning checks, but less immediately market-moving than earnings or insider activity. Head to Head Contrast: Synaptics (NASDAQ:SYNA) and Credo Technology Group (NASDAQ:CRDO)
- Negative Sentiment: Multiple insiders (CEO, CFO, COO, CTO) filed Form 4s showing share sales on Apr 2 & 5 at ~ $101.45; sales reduced individual ownerships by low single-digit percentages. While amounts are modest relative to insider holdings (likely diversification/liquidity), the cluster of sales can weigh on near-term sentiment. CEO Form 4 (SEC)
Institutional Trading of Credo Technology Group
Several large investors have recently added to or reduced their stakes in the company. Savant Capital LLC grew its stake in Credo Technology Group by 0.7% during the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company's stock valued at $1,444,000 after purchasing an additional 68 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Credo Technology Group by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company's stock valued at $80,000 after purchasing an additional 77 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Credo Technology Group by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company's stock valued at $2,298,000 after purchasing an additional 91 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its stake in Credo Technology Group by 2.0% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company's stock valued at $741,000 after purchasing an additional 100 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Credo Technology Group by 18.0% during the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company's stock valued at $97,000 after acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 80.46% of the company's stock.
Wall Street Analyst Weigh In
CRDO has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Roth Mkm lowered their price objective on Credo Technology Group from $250.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, February 10th. Rosenblatt Securities reissued a "neutral" rating and issued a $125.00 price objective on shares of Credo Technology Group in a research report on Monday, March 23rd. Zacks Research raised Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 3rd. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $206.33.
Read Our Latest Analysis on Credo Technology Group
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.
Further Reading
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