Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells 27,500 Shares of Stock

April 9, 2026 by InsiderTrades.com

Key Points

CTO Chi Fung Cheng sold 27,500 shares on April 6 at an average of $103.19 under a pre‑arranged Rule 10b5‑1 plan for about $2.84M, part of a cluster of early‑April insider sales that reduced his stake by ~0.44% and may weigh on near‑term sentiment despite being a small ownership cut.
Credo reported strong results (Q: $1.07 EPS vs $0.78 est.; revenue $407M, up 201.5% YoY), has cleared legal disputes with TE and Molex, and enjoys heavy institutional ownership and analyst support (average target ~$206), supporting a bullish outlook amid high valuation and some customer‑concentration risk.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $103.19, for a total value of $2,837,725.00. Following the sale, the chief technology officer directly owned 6,162,370 shares in the company, valued at $635,894,960.30. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bridget’s Buys: The Bottom 5 Stocks and What to Do Next

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

On Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The stock was sold at an average price of $101.45, for a total value of $246,929.30.
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 value 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 value 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 value 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 value of $3,234,000.00.
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 value of $3,502,675.00.
On Thursday, January 22nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was 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 stock was 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 Stock Up 3.2%

NASDAQ:CRDO opened at $110.21 on Thursday. The business's 50-day moving average price is $111.85 and its two-hundred day moving average price is $137.56. Credo Technology Group Holding Ltd. has a twelve month low of $33.04 and a twelve month high of $213.80. The stock has a market cap of $20.33 billion, a P/E ratio of 61.23 and a beta of 2.72.

MarketBeat Week in Review – 03/16 - 03/20

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share 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 firm 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 posted $0.25 EPS. The company's revenue was up 201.5% compared to the same quarter last year. On average, equities research analysts expect that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Key Credo Technology Group News

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

Positive Sentiment: Hyperscaler expansion and continued AEC (short‑reach copper) adoption are driving strong AEC revenue growth and support higher near‑term demand from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
Positive Sentiment: Major analyst support: >90% of analysts rate CRDO a Buy and the consensus price target (~$200) implies substantial upside versus current levels — that buy‑side coverage is supporting investor demand. Analysts See 100% Upside in Credo Technology (CRDO)
Positive Sentiment: Legal overhang cleared — Credo settled disputes with TE Connectivity and Molex via confidential license/settlement agreements, and related lawsuits will be dismissed, removing litigation uncertainty that had weighed on valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
Neutral Sentiment: Comparative coverage and watchlist mentions (MarketBeat/Bridget’s Buys) highlight CRDO as a volatile, high‑growth data‑center name — useful for context but less likely to move price intra‑day. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
Negative Sentiment: Insider selling: multiple Form 4 filings (including the CTO) show clustered sales in early April under 10b5‑1 plans — large dollar amounts though small percentage ownership reductions; this cluster can weigh on near‑term sentiment. CTO Insider Sales
Negative Sentiment: Customer concentration risk: while hyperscaler deals lift revenue, heavy reliance on a small number of large customers raises execution and pricing risk if spending patterns shift. Credo Technology Expands Hyperscaler Reach: Concern or Strength?

Hedge Funds Weigh In On Credo Technology Group

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

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Credo Technology Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company's stock valued at $2,386,449,000 after buying an additional 59,849 shares in the last quarter. JPMorgan Chase & Co. grew its position in Credo Technology Group by 18.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,699,456 shares of the company's stock worth $1,121,118,000 after acquiring an additional 1,190,522 shares during the last quarter. State Street Corp grew its position in Credo Technology Group by 23.4% during the 4th quarter. State Street Corp now owns 4,486,320 shares of the company's stock worth $645,537,000 after acquiring an additional 849,654 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $555,117,000 after acquiring an additional 184,676 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in Credo Technology Group by 239,024.5% during the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company's stock worth $517,835,000 after acquiring an additional 3,597,318 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRDO has been the topic of several recent analyst reports. Mizuho lowered their price target on Credo Technology Group from $225.00 to $200.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Roth Mkm decreased their price objective on Credo Technology Group from $250.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. Stifel Nicolaus set a $200.00 price objective on Credo Technology Group in a report on Tuesday, March 3rd. Barclays reissued an "overweight" rating and set a $260.00 price objective on shares of Credo Technology Group in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Credo Technology Group in a report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Credo Technology Group currently has an average rating of "Buy" and an average target price of $206.33.

Check Out Our Latest Analysis 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.