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

Posted by ABMN Staff on Feb 4th, 2026

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 Thursday, January 29th. The stock was sold at an average price of $127.37, for a total transaction of $3,502,675.00. Following the transaction, the chief technology officer owned 6,299,870 shares of the company’s stock, valued at $802,414,441.90. This represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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 shares were sold at an average price of $155.47, for a total transaction of $4,664,100.00.
On Thursday, January 8th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $139.93, for a total value of $4,197,900.00.
On Friday, January 2nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $143.61, for a total value of $4,308,300.00.
On Monday, December 29th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $143.41, for a total value of $7,887,550.00.
On Monday, December 22nd, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $150.77, for a total value of $8,292,350.00.
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 value of $7,916,700.00.
On Monday, December 8th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $174.70, for a total value of $9,608,500.00.

Credo Technology Group Trading Down 7.2%

CRDO stock opened at $111.31 on Wednesday. The firm has a 50 day moving average of $149.03 and a 200-day moving average of $142.40. The firm has a market capitalization of $20.11 billion, a P/E ratio of 97.64 and a beta of 2.65. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its earnings results on Monday, December 1st. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. The business had revenue of $268.03 million for 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 was up 272.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 EPS. Sell-side analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. F m Investments LLC boosted its holdings in Credo Technology Group by 7.7% during the 4th quarter. F m Investments LLC now owns 46,386 shares of the company’s stock valued at $6,674,000 after acquiring an additional 3,336 shares during the period. Ethic Inc. boosted its stake in shares of Credo Technology Group by 20.1% during the fourth quarter. Ethic Inc. now owns 8,020 shares of the company’s stock valued at $1,154,000 after purchasing an additional 1,342 shares during the period. Maxi Investments CY Ltd purchased a new stake in shares of Credo Technology Group during the fourth quarter valued at approximately $1,511,000. Diversify Wealth Management LLC grew its holdings in shares of Credo Technology Group by 7.7% in the fourth quarter. Diversify Wealth Management LLC now owns 3,444 shares of the company’s stock worth $496,000 after purchasing an additional 247 shares during the last quarter. Finally, Geneva Partners LLC purchased a new position in shares of Credo Technology Group in the fourth quarter worth $4,360,000. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Key Credo Technology Group News

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

Positive Sentiment: Product/market catalyst — Credo is sampling its Blue Heron 224G retimer (3nm) ahead of expected Q3 2026 production, positioning it for the AI scale‑up networking market where demand and ASPs could be higher. Credo Targets Scale-Up Networking Market With Blue Heron Retimer
Positive Sentiment: Commercial traction/partnerships — Reports highlight deals and partnerships (including mentions of 3M/Blue Heron) that deepen Credo’s role in AI data‑center interconnects and could support future revenue growth. Credo Technology Deepens AI Role With Blue Heron And 3M Deal
Positive Sentiment: Analyst bullishness — Bank of America and other firms have flagged Credo as a long‑term beneficiary of AI‑driven cloud connectivity and raised price targets (BofA moved its target significantly higher), supporting upside expectations. BofA sees Credo as long-term beneficiary
Neutral Sentiment: Short‑interest data appears anomalous/rounded to zero in filings (no meaningful short covering/re‑shorting signal), so shorts are unlikely to explain the intraday move.
Neutral Sentiment: Longer‑term bull case pieces reiterate growth drivers (AI interconnect TAM, product roadmap) but are not immediate catalysts. Bull Case Theory
Negative Sentiment: Insider selling — Several executives disclosed sales in late January (CEO sales totaling multiple blocks including 50,000 and 18,016 shares, CTO ~27,500 shares, and a director 1,875 shares). Large insider sales in a high‑multiple stock can trigger short‑term selling/negative sentiment. SEC filings: CEO Form 4 CEO Form 4, CTO Form 4 CTO Form 4, Director sale Director sale disclosure

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRDO shares. Barclays restated an “overweight” rating and issued a $260.00 price objective on shares of Credo Technology Group in a research report on Thursday, January 15th. Susquehanna increased their price target on shares of Credo Technology Group from $165.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Mizuho raised their price objective on shares of Credo Technology Group from $165.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. New Street Research set a $240.00 target price on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Credo Technology Group presently has an average rating of “Buy” and an average price target of $216.54.

Get Our Latest Report on CRDO

Credo Technology Group Company Profile

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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.