Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells $8,292,350.00 in Stock

Posted by ABMN Staff on Dec 26th, 2025

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $150.77, for a total value of $8,292,350.00. Following the transaction, the chief technology officer owned 6,503,961 shares of the company’s stock, valued at $980,602,199.97. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

On Monday, December 15th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $143.94, for a total transaction of $7,916,700.00.
On Monday, December 8th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $174.70, for a total transaction of $9,608,500.00.
On Monday, October 27th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $156.32, for a total transaction of $8,597,600.00.
On Monday, October 20th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $150.34, for a total value of $8,268,700.00.
On Monday, October 13th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $148.08, for a total value of $8,144,400.00.
On Monday, October 6th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $148.35, for a total value of $8,159,250.00.
On Monday, September 29th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $148.87, for a total value of $8,187,850.00.

Credo Technology Group Stock Performance

Shares of CRDO opened at $150.18 on Friday. The firm has a market cap of $27.13 billion, a PE ratio of 131.73 and a beta of 2.63. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $213.80. The business’s 50 day moving average price is $157.37 and its two-hundred day moving average price is $131.60.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings data on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.18. The company had revenue of $268.03 million during the quarter, compared to analyst estimates of $234.99 million. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. Credo Technology Group’s revenue for the quarter was up 272.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. Research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CRDO shares. Barclays boosted their target price on Credo Technology Group from $165.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Bank of America boosted their price objective on Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Stifel Nicolaus set a $160.00 target price on Credo Technology Group in a report on Wednesday, October 1st. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, William Blair started coverage on shares of Credo Technology Group in a report on Thursday, September 18th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $206.85.

Read Our Latest Stock Report on CRDO

Institutional Trading of Credo Technology Group

Institutional investors and hedge funds have recently made changes to their positions in the company. CTC Alternative Strategies Ltd. purchased a new position in Credo Technology Group during the third quarter worth about $776,000. Swiss Life Asset Management Ltd lifted its position in shares of Credo Technology Group by 75.9% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 7,014 shares of the company’s stock worth $1,021,000 after buying an additional 3,027 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Credo Technology Group by 14.8% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 861 shares of the company’s stock worth $125,000 after buying an additional 111 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Credo Technology Group in the 3rd quarter worth approximately $2,301,000. Finally, WBI Investments LLC bought a new position in shares of Credo Technology Group in the third quarter valued at approximately $451,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

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.