Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells 27,500 Shares of Stock

Posted by ABMN Staff on Mar 28th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $100.67, for a total transaction of $2,768,425.00. Following the sale, the chief technology officer owned 6,217,370 shares in the company, valued at approximately $625,902,637.90. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

On Tuesday, March 17th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $107.90, for a total value of $2,967,250.00.
On Wednesday, March 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $117.60, for a total value of $3,234,000.00.
On Thursday, January 29th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $127.37, for a total value of $3,502,675.00.
On Thursday, January 22nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $136.33, for a total value 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 value 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.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $95.24 on Friday. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 52.91 and a beta of 2.67. Credo Technology Group Holding Ltd. has a one year low of $29.09 and a one year high of $213.80. The company has a 50 day moving average price of $117.83 and a 200 day moving average price of $141.25.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. The firm had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The firm’s quarterly revenue was up 201.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.25 earnings per share. As a group, equities analysts forecast 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 issued reports on the stock. Stifel Nicolaus set a $200.00 target price on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Wolfe Research set a $240.00 price target on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Mizuho decreased their price objective on shares of Credo Technology Group from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Tuesday, March 3rd. The Goldman Sachs Group set a $165.00 price objective on shares of Credo Technology Group and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $125.00 target price on shares of Credo Technology Group in a research note on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Credo Technology Group currently has an average rating of “Buy” and an average target price of $206.33.

View Our Latest Analysis on CRDO

Key Credo Technology Group News

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

Positive Sentiment: New high‑end products deepen AI interconnect position — Credo rolled out its 1.6T Cardinal DSP push and expanded optical DSP lineup, reinforcing its roadmap for high‑bandwidth, power‑efficient AI links that can drive large data‑center design wins. Credo Expands AI Interconnect Play
Positive Sentiment: Strong AI‑data‑center demand narrative — coverage highlights accelerating hyperscaler adoption, retimers/optical DSP scale and surging AEC (assembled‑electronics components) demand that support Credo’s revenue ramp. What Is Driving Credo’s Growth
Positive Sentiment: Legal overhangs cleared — recent settlements with Molex and TE Connectivity resolve patent/active‑cable disputes, removing potential litigation uncertainty that could aid investor sentiment. Credo and Molex Settlement Credo and TE Connectivity Settlement
Neutral Sentiment: Momentum‑stock recognition — Zacks includes CRDO in a short list of momentum anomaly picks, which can attract trend traders but adds volatility. 3 Momentum Anomaly Stocks to Buy
Neutral Sentiment: Third‑party commentary points to potential catalyst from hyperscaler moves — some analysts/bloggers flag possible large partnerships (e.g., commentary on an Alphabet-related shift), but impacts are speculative until confirmed by customers. Seeking Alpha: Alphabet Game Changer
Negative Sentiment: Execution and concentration risks remain — analyst deep dives caution that customer concentration, margin variability and the complexity of shifting to optical DSPs create execution risk that could amplify swings in results. Deep Dive: Catalysts, Risks & Valuation
Negative Sentiment: High valuation and recent pullback — CRDO trades at a premium (elevated P/E and high beta) after large YTD gains; that premium makes it sensitive to short‑term profit‑taking and execution headlines.

Institutional Investors Weigh In On Credo Technology Group

Hedge funds have recently modified their holdings of the stock. Savant Capital LLC lifted its position in Credo Technology Group by 0.7% during the 3rd quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock worth $1,444,000 after acquiring an additional 68 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Credo Technology Group by 16.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $80,000 after acquiring an additional 77 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Credo Technology Group by 0.6% during the third quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after purchasing an additional 91 shares during the period. Mark Sheptoff Financial Planning LLC raised its stake in shares of Credo Technology Group by 2.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock valued at $741,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Credo Technology Group by 18.0% during the third quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock worth $97,000 after purchasing an additional 101 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

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.