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 Thursday, April 16th. The shares were sold at an average price of $157.58, for a total value of $4,333,450.00. Following the transaction, the chief technology officer directly owned 6,107,370 shares in the company, valued at approximately $962,399,364.60. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chi Fung Cheng also recently made the following trade(s):
- On Friday, April 10th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $118.25, for a total transaction of $3,251,875.00.
- On Monday, April 6th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $103.19, for a total transaction of $2,837,725.00.
- On Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The shares were 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 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 shares were 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.
Credo Technology Group Trading Up 8.6%
Shares of NASDAQ:CRDO opened at $174.53 on Tuesday. The firm has a market cap of $32.19 billion, a price-to-earnings ratio of 96.96 and a beta of 2.72. Credo Technology Group Holding Ltd. has a 1 year low of $33.04 and a 1 year high of $213.80. The business has a fifty day simple moving average of $117.21 and a 200 day simple moving average of $137.36.
Credo Technology Group (NASDAQ:CRDO - Get Free Report) last issued 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 the consensus estimate of $385.94 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The business's quarterly revenue was up 201.5% compared to the same quarter last year. On average, sell-side analysts forecast that Credo Technology Group Holding Ltd. will post 2.36 EPS for the current year.
More Credo Technology Group News
Here are the key news stories impacting Credo Technology Group this week:
- Positive Sentiment: Traders flagged a Power Inflow alert — a momentum/order-flow signal that often precedes continued buying pressure and likely helped push the stock up. Read More.
- Positive Sentiment: Fundamentals and M&A narrative: Seeking Alpha highlights Credo’s hypergrowth profile, strong gross margins (~68.8%), >200% YoY revenue growth, and the DustPhotonics acquisition that increases vertical integration and management’s revenue targets (>$500M by FY2027). These factors support upside expectations. Read More.
- Positive Sentiment: Strategic optics investment: Coverage (247WallStreet) frames Credo’s ~$750M optics push as timely given surging AI data‑center buildouts and copper supply pressures, which could accelerate demand for optical interconnects versus copper. This narrative supports long-term TAM expansion. Read More.
- Neutral Sentiment: Peer comparison: Multiple pieces (Yahoo/Zacks) compare CRDO to rivals like ALAB, weighing Credo’s M&A/AEC growth against competitors’ AI-driven demand — useful for relative valuation and positioning but not a definitive catalyst. Read More. | Read More.
- Neutral Sentiment: Insider selling disclosed: CTO Chi Fung Cheng sold 27,500 shares under a pre-arranged Rule 10b5‑1 plan (small ~0.45% trimming). Markets often note insider sales, but the planned nature and size limit the negative signal. Read More. | Read More.
- Negative Sentiment: Valuation concerns: Analysts and articles are flagging rapid recent gains and high multiples (very strong 1‑year return) — some pieces question whether the stock is overvalued after the surge, which could temper further upside or invite pullbacks. Read More.
Analyst Ratings Changes
CRDO has been the topic of a number of research reports. Jefferies Financial Group assumed coverage on Credo Technology Group in a report on Monday, April 13th. They issued a "buy" rating and a $175.00 price objective on the stock. Barclays reissued an "overweight" rating and issued a $260.00 target price on shares of Credo Technology Group in a research report on Thursday, January 15th. Stifel Nicolaus set a $200.00 price target on shares of Credo Technology Group in a report on Tuesday, March 3rd. Craig Hallum reaffirmed a "buy" rating and issued a $200.00 price objective on shares of Credo Technology Group in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Credo Technology Group in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.81.
Get Our Latest Analysis on CRDO
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Crewe Advisors LLC grew its stake in shares of Credo Technology Group by 163.1% in the fourth quarter. Crewe Advisors LLC now owns 171 shares of the company's stock worth $25,000 after acquiring an additional 106 shares during the last quarter. Reflection Asset Management acquired a new position in Credo Technology Group during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in Credo Technology Group in the 3rd quarter valued at $25,000. Acumen Wealth Advisors LLC bought a new stake in Credo Technology Group in the 4th quarter valued at $25,000. Finally, First Horizon Corp acquired a new stake in Credo Technology Group in the 3rd quarter worth $26,000. 80.46% of the stock is currently 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.
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