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

April 15, 2026 by InsiderTrades.com

Key Points

CTO Chi Fung Cheng sold 27,500 shares of Credo (NASDAQ:CRDO) on April 10 at an average price of $118.25 for roughly $3.25M under a pre‑arranged Rule 10b5‑1 plan, leaving him with 6,134,870 shares (a 0.45% reduction valued at about $725.4M).
The sale is one of several sizable insider disposals since January but is modest relative to his remaining holdings, and comes as Credo shares are rallying (up ~18.6%) on catalysts including an earnings beat, a Jefferies Buy initiation, and the announced ~$750M DustPhotonics acquisition.

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 Friday, April 10th. The stock was sold at an average price of $118.25, for a total value of $3,251,875.00. Following the transaction, the chief technology officer directly owned 6,134,870 shares in the company, valued at approximately $725,448,377.50. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 Monday, April 6th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $103.19, for a total value of $2,837,725.00.
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 transaction of $246,929.30.
On Tuesday, March 31st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were 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 shares were 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 transaction 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 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 value of $4,664,100.00.

Credo Technology Group Trading Up 18.6%

Shares of NASDAQ CRDO opened at $159.37 on Wednesday. The stock has a market cap of $29.40 billion, a P/E ratio of 88.54 and a beta of 2.72. The business's fifty day simple moving average is $112.56 and its 200-day simple moving average is $136.82. Credo Technology Group Holding Ltd. has a 12-month low of $33.04 and a 12-month high of $213.80.

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

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, topping 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 during the quarter, compared to analysts' expectations of $385.94 million. During the same period in the previous year, the firm posted $0.25 EPS. Credo Technology Group's revenue for the quarter was up 201.5% on a year-over-year basis. On average, equities analysts forecast that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

More Credo Technology Group News

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

Positive Sentiment: Announced acquisition of DustPhotonics (~$750M) to add silicon‑photonic optical transceiver technology and expand Credo’s addressable market in AI/data‑center connectivity — the deal is being framed as a strategic move to diversify product mix and accelerate growth. Credo Agrees to Acquire DustPhotonics
Positive Sentiment: Jefferies initiated coverage with a Buy and $175 target, arguing investors may be underestimating Credo’s long‑term AI opportunity — this fresh institutional endorsement has contributed to the rally. Credo jumps 11% as Jefferies backs copper tech in AI boom debate
Positive Sentiment: Large options flow — unusually high call‑option buying was reported, indicating speculative and hedged bullish positioning that can amplify intraday moves and reflect investor conviction. Options activity
Neutral Sentiment: Management/analysts are hosting an M&A call (transcript available) to outline deal rationale, synergies and integration plan — investors will look to these details for guidance on timing and expected financial impact. M&A Call Transcript
Neutral Sentiment: Broader market tailwinds (Nasdaq strength after inflation data) have supported semiconductor and AI‑related names, helping Credo join a sectorwide advance. Stock Market Today: Nasdaq Leads After Inflation Report
Negative Sentiment: Insider sale: CTO Chi Fung Cheng sold 27,500 shares under a pre‑arranged Rule 10b5‑1 plan (disclosed to the SEC). The sale is modest relative to his remaining holdings but may be parsed by some investors as a near‑term liquidity event. Insider sale disclosure

Wall Street Analyst Weigh In

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

Several brokerages recently weighed in on CRDO. Barclays reaffirmed an "overweight" rating and issued a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. Zacks Research raised shares of Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Credo Technology Group in a report on Friday, March 27th. Stifel Nicolaus set a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Finally, Roth Mkm lowered their target price on shares of Credo Technology Group from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $204.38.

View Our Latest Stock Report on Credo Technology Group

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp acquired a new stake in Credo Technology Group during the third quarter worth approximately $25,000. Crewe Advisors LLC lifted its position in shares of Credo Technology Group by 163.1% during the 4th quarter. Crewe Advisors LLC now owns 171 shares of the company's stock worth $25,000 after buying an additional 106 shares during the last quarter. Reflection Asset Management acquired a new position in shares of Credo Technology Group in the 4th quarter valued at $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group in the 4th quarter valued at $25,000. Finally, First Horizon Corp purchased a new position in shares of Credo Technology Group in the 3rd quarter valued at $26,000. 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.