Chi Fung Cheng Sells 3,790 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

September 10, 2026 by InsiderTrades.com

Key Points

Credo CTO Chi Fung Cheng sold 3,790 shares at an average price of $170, generating $644,300 and reducing his direct ownership by 2.7% to 136,568 shares. The sale follows several larger insider sales in recent months.
Credo reported strong quarterly results, with revenue rising 114.7% year over year to $479 million and EPS of $1.20, exceeding analysts’ $1.17 estimate.
Despite the stock’s recent decline, analysts maintain a generally bullish view, with a “Moderate Buy” consensus and an average price target of $267.39. However, its high valuation and margin and cash-flow concerns remain risks.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Cheng sold 3,790 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $170.00, for a total value of $644,300.00. Following the completion of the sale, the chief technology officer directly owned 136,568 shares of the company's stock, valued at approximately $23,216,560. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Credo Technology Just Plunged 20%—Did the Market Overreact?

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

On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The stock was sold at an average price of $209.53, for a total value of $5,756,417.69.
On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $205.54, for a total value of $5,652,350.00.
On Tuesday, July 21st, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $222.34, for a total value of $6,114,350.00.
On Wednesday, July 8th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $258.71, for a total transaction of $980,510.90.
On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $243.06, for a total transaction of $6,684,150.00.
On Tuesday, June 30th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $269.84, for a total transaction of $7,420,600.00.
On Tuesday, June 23rd, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $270.94, for a total transaction of $7,450,850.00.
On Tuesday, June 16th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $246.69, for a total transaction of $6,783,975.00.
On Thursday, June 11th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $259.53, for a total transaction of $7,137,075.00.

Credo Technology Group Stock Up 0.1%

CRDO stock opened at $167.92 on Thursday. The company has a 50 day moving average of $224.88 and a two-hundred day moving average of $190.34. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 0.67 and a beta of 3.22. Credo Technology Group Holding Ltd. has a 12-month low of $86.49 and a 12-month high of $308.67.

AMD’s Helios Launch Could Create Winners Beyond AMD Stock

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. Credo Technology Group had a net margin of 33.83% and a return on equity of 28.77%. The business had revenue of $479.00 million for the quarter, compared to analysts' expectations of $473.30 million. During the same period in the previous year, the company posted $0.52 EPS. Credo Technology Group's revenue was up 114.7% on a year-over-year basis. On average, research analysts anticipate that Credo Technology Group Holding Ltd. will post 5.02 EPS for the current year.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors have recently bought and sold shares of CRDO. Orion Capital Management LLC acquired a new position in shares of Credo Technology Group during the 2nd quarter valued at about $27,000. Reflection Asset Management bought a new position in shares of Credo Technology Group in the 4th quarter valued at approximately $25,000. Acumen Wealth Advisors LLC acquired a new stake in Credo Technology Group in the 4th quarter worth approximately $25,000. Van ECK Associates Corp bought a new stake in Credo Technology Group during the fourth quarter worth approximately $37,000. Finally, Quarry LP boosted its position in Credo Technology Group by 642.5% during the third quarter. Quarry LP now owns 297 shares of the company's stock worth $43,000 after purchasing an additional 257 shares during the period. 80.46% of the stock is currently owned by institutional investors.

Key Headlines Impacting Credo Technology Group

5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest?

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

Positive Sentiment: Analysts remain bullish after the selloff. Coverage argues that Credo’s recent decline may be disconnected from its fundamentals, with some analysts maintaining price targets above $300 and describing the shares as a potential buying opportunity. The Credo Selloff Could Be a Huge Buying Opportunity: Analysts Still See $300+
Positive Sentiment: AI data-center demand continues to support growth. Credo is benefiting from strong demand for active electrical cables, record Retimer sales and expanding optical products. Management’s outlook calls for approximately 85% year-over-year revenue growth in fiscal 2027, including more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
Positive Sentiment: Recent results exceeded expectations. Revenue reached $479 million, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The quarter represented another consecutive earnings beat and continued triple-digit growth. Credo Q1 2027 Earnings Call Transcript
Positive Sentiment: Product expansion could increase Credo’s long-term market opportunity. The DustPhotonics acquisition, ZeroFlap Optics, silicon photonics, optical DSPs and PILOT telemetry broaden the company’s data-center connectivity offerings and could support future margin expansion. Credo Market Is Mispricing a $1 Trillion AI Infrastructure Catalyst
Neutral Sentiment: Investors are weighing exceptional growth against execution risk. Analysts generally favor buying the pullback rather than chasing the stock, citing acquisition integration, valuation and the need for sustained AI-related demand. Credo: Buy the AI Connectivity Pullback, But Do Not Chase Blindly
Negative Sentiment: Margin and cash-flow concerns are weighing on sentiment. The market appears to be interpreting GAAP margin compression and working-capital expansion as potential signs of near-term pressure, even though management and bullish analysts expect longer-term non-GAAP margin improvement. Credo’s high earnings multiple also leaves less room for disappointing guidance.

Analyst Upgrades and Downgrades

CRDO has been the topic of a number of recent research reports. Stifel Nicolaus boosted their target price on Credo Technology Group from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Barclays lifted their price target on Credo Technology Group from $260.00 to $300.00 and gave the company an "overweight" rating in a report on Monday, July 20th. Jefferies Financial Group boosted their price target on Credo Technology Group from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Tuesday, June 2nd. Bank of America dropped their price objective on Credo Technology Group from $340.00 to $275.00 and set a "buy" rating on the stock in a report on Wednesday, September 2nd. Finally, Evercore set a $292.00 price objective on shares of Credo Technology Group in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $267.39.

Check Out Our Latest Stock Analysis on Credo Technology Group

About Credo Technology Group

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company's portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.