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

September 26, 2026 by InsiderTrades.com

Key Points

CTO Chi Fung Cheng sold 27,500 Credo shares at an average price of $193.12, generating $5.31 million. The Rule 10b5-1 transaction reduced his position by 0.48%, leaving him with 5.69 million shares worth approximately $1.10 billion.
Credo reported quarterly EPS of $1.20, exceeding the $1.17 analyst consensus, while revenue reached $479 million—up 114.7% year over year. The company benefits from demand for high-speed connectivity products used in AI data centers.
CRDO opened at $210.97, with a market capitalization of $39.65 billion and a high price-to-earnings ratio of 75.08. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $264.89, although the stock remains volatile and richly valued.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Cheng sold 27,500 shares of the firm's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $193.12, for a total transaction of $5,310,800.00. Following the completion of the sale, the chief technology officer directly owned 5,689,897 shares of the company's stock, valued at approximately $1,098,832,908.64. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Thursday, September 17th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $166.38, for a total value of $4,575,450.00.
On Friday, September 4th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The shares were sold at an average price of $170.00, for a total value of $644,300.00.
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 stock was 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 stock was 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 shares were sold at an average price of $258.71, for a total value of $980,510.90.
On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00.
On Tuesday, June 30th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $269.84, for a total value of $7,420,600.00.

Credo Technology Group Stock Up 7.7%

CRDO stock opened at $210.97 on Friday. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The firm has a market cap of $39.65 billion, a price-to-earnings ratio of 75.08, a PEG ratio of 0.78 and a beta of 3.22. The business's fifty day simple moving average is $209.32 and its two-hundred day simple moving average is $194.97.

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

Key Credo Technology Group News

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

Positive Sentiment: Credo’s revenue more than tripled in fiscal 2026 as demand grew for its high-speed connectivity chips and cables, which move data between servers in AI data centers. The company is viewed as a direct beneficiary of continued AI infrastructure spending, although Nvidia’s much larger data-center business highlights the competitive scale of the market. Credo vs. Nvidia: Which AI Chip Stock Is a Better Buy in 2026?
Positive Sentiment: Investor commentary highlighted Credo’s 114.7% year-over-year quarterly revenue growth, strong GAAP profitability, net cash balance sheet and expected full-year revenue growth above 85%. The DustPhotonics acquisition is expected to expand Credo’s optical capabilities and improve vertical integration, while its products may benefit from shortages affecting competing photonics suppliers. Credo: The Rise Of Muse Validates The AI Trade Photonics And Optics Are In Shortage, Buy Credo
Neutral Sentiment: Options activity was unusually heavy, with investors purchasing 42,247 call contracts—41% above the average daily volume. This signals increased bullish speculation, but options trading alone does not guarantee sustained buying in the shares.
Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the figure may reflect a reporting or data anomaly and offers limited insight into fundamentals.
Negative Sentiment: Insider James Laufman sold 5,000 shares for approximately $925,000, reducing his direct holdings by 2.87%. The sale is relatively small compared with his remaining stake but may temper sentiment at a richly valued stock trading at a high earnings multiple. Insider Selling: Credo Technology Group Insider Sells 5,000 Shares

Analyst Ratings Changes

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

Several equities research analysts have issued reports on CRDO shares. Stifel Nicolaus boosted their price objective on shares of Credo Technology Group from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, June 22nd. Barclays raised their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, July 20th. Rosenblatt Securities lifted their price target on shares of Credo Technology Group from $215.00 to $235.00 and gave the company a "neutral" rating in a research note on Wednesday, September 2nd. 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 report on Tuesday, June 2nd. Finally, Weiss Ratings raised Credo Technology Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, September 18th. One investment 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $264.89.

View Our Latest Analysis on CRDO

Institutional Investors Weigh In On Credo Technology Group

Several large investors have recently modified their holdings of the business. City Center Advisors LLC lifted its position in shares of Credo Technology Group by 2.1% in the 2nd quarter. City Center Advisors LLC now owns 2,595 shares of the company's stock worth $706,000 after purchasing an additional 53 shares during the period. Versant Capital Management Inc increased its holdings in Credo Technology Group by 8.0% during the second quarter. Versant Capital Management Inc now owns 755 shares of the company's stock valued at $205,000 after buying an additional 56 shares during the period. QRG Capital Management Inc. raised its stake in Credo Technology Group by 1.7% in the first quarter. QRG Capital Management Inc. now owns 5,402 shares of the company's stock worth $507,000 after buying an additional 91 shares in the last quarter. Bank of Nova Scotia raised its stake in Credo Technology Group by 1.6% in the first quarter. Bank of Nova Scotia now owns 6,026 shares of the company's stock worth $566,000 after buying an additional 92 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in Credo Technology Group during the second quarter worth $27,000. Institutional investors own 80.46% of the company's stock.

Credo Technology Group Company Profile

(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.