Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells $6,684,150.00 in Stock

Posted by Geri Gentry on Jul 9th, 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 on Tuesday, July 7th. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00. Following the completion of the transaction, the chief technology officer owned 5,882,370 shares of the company’s stock, valued at $1,429,768,852.20. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Wednesday, July 8th, Chi Fung Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $258.71, for a total value of $980,510.90.
On Tuesday, June 30th, Chi Fung 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.
On Tuesday, June 23rd, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $270.94, for a total value of $7,450,850.00.
On Tuesday, June 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $246.69, for a total value of $6,783,975.00.
On Thursday, June 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $259.53, for a total value of $7,137,075.00.
On Friday, May 1st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $178.99, for a total value of $4,922,225.00.
On Monday, April 27th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $179.33, for a total value of $4,931,575.00.
On Wednesday, April 22nd, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $188.02, for a total transaction of $5,170,550.00.
On Thursday, April 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $157.58, for a total transaction of $4,333,450.00.
On Friday, April 10th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $118.25, for a total transaction of $3,251,875.00.

Credo Technology Group Trading Up 2.7%

CRDO traded up $6.96 during trading on Thursday, reaching $265.65. 6,866,110 shares of the company’s stock were exchanged, compared to its average volume of 7,843,945. Credo Technology Group Holding Ltd. has a one year low of $86.49 and a one year high of $308.67. The stock has a market capitalization of $49.54 billion, a PE ratio of 107.12, a price-to-earnings-growth ratio of 1.13 and a beta of 3.20. The firm has a fifty day moving average price of $225.11 and a two-hundred day moving average price of $163.09.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last announced its quarterly earnings results on Monday, June 1st. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.14. The firm had revenue of $437.00 million during the quarter, compared to analysts’ expectations of $431.80 million. Credo Technology Group had a net margin of 35.37% and a return on equity of 32.30%. The company’s revenue was up 157.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 EPS. Sell-side analysts expect that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Roth Capital upped their price target on Credo Technology Group from $200.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Rosenblatt Securities increased their price target on Credo Technology Group from $175.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Credo Technology Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Bank of America lifted their price objective on Credo Technology Group from $252.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $263.11.

View Our Latest Analysis on CRDO

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds have recently bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in Credo Technology Group by 239,024.5% in the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after acquiring an additional 3,597,318 shares during the last quarter. Amundi increased its position in shares of Credo Technology Group by 28,478.2% in the fourth quarter. Amundi now owns 1,559,796 shares of the company’s stock worth $224,439,000 after purchasing an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC raised its stake in Credo Technology Group by 841.9% in the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock valued at $228,979,000 after purchasing an additional 1,422,391 shares in the last quarter. Bank of America Corp DE grew its stake in Credo Technology Group by 161.5% in the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock worth $331,710,000 after buying an additional 1,406,752 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after buying an additional 1,218,504 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

More Credo Technology Group News

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

Positive Sentiment: Credo continues to benefit from strong AI infrastructure spending, with its connectivity products gaining traction inside training clusters at five of the six major hyperscalers. Price Prediction: Will Credo Hit $500 by 2030?
Positive Sentiment: Fiscal 2026 revenue more than tripled to $1.335 billion, reinforcing the view that Credo is executing well in a fast-growing market. Credo Climbs 165% in a Year: Is the Stock Still Worth Buying?
Positive Sentiment: Analyst and investor interest remains upbeat, with articles debating whether CRDO can keep climbing as AI spending expands. Credo Climbs 165% in a Year: Is the Stock Still Worth Buying?
Neutral Sentiment: One recent item highlighted broader semiconductor volatility, including mixed moves in chip stocks amid market-wide risk-off trading. Chip Stocks Join in Broad Selloff
Negative Sentiment: Some coverage points to key customer risk and a stretched valuation after the stock’s large move higher, which could limit upside if growth slows. Credo Technology: A Great Business With Some Hidden Risks

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.