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

Posted by Stanley Muller on Sep 21st, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Cheng sold 27,500 shares of Credo Technology Group stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $166.38, for a total value of $4,575,450.00. Following the completion of the sale, the chief technology officer owned 5,717,397 shares in the company, valued at approximately $951,260,512.86. The trade was a 0.48% decrease in their ownership of the stock. The transaction 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 Friday, September 4th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was 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 shares were sold at an average price of $209.53, for a total transaction 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 transaction 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 transaction 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 transaction of $980,510.90.
On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was 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 shares were sold at an average price of $269.84, for a total value of $7,420,600.00.
On Tuesday, June 23rd, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $270.94, for a total value of $7,450,850.00.

Credo Technology Group Price Performance

Shares of CRDO traded up $11.38 during mid-day trading on Monday, hitting $187.27. 11,072,126 shares of the company’s stock were exchanged, compared to its average volume of 7,489,936. Credo Technology Group Holding Ltd. has a 52 week low of $86.49 and a 52 week high of $308.67. The company has a 50-day simple moving average of $211.91 and a 200 day simple moving average of $192.43. The company has a market cap of $35.20 billion, a PE ratio of 66.64, a P/E/G ratio of 0.70 and a beta of 3.22.

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

Analyst Ratings Changes

CRDO has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Stifel Nicolaus lifted their target price on Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Rosenblatt Securities boosted their target price on Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 2nd. Barclays increased their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Bank of America decreased their price target on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of $264.89.

Get Our Latest Stock Report on Credo Technology Group

Credo Technology Group News Roundup

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

Positive Sentiment: Credo introduced its 1.6T ZeroFlap optics, expanding its high-speed connectivity portfolio as management targets more than $600 million in optical revenue during fiscal 2027. The product launch supports the company’s strategy of benefiting from rising data-center bandwidth requirements. Why Credo’s New 1.6T Optics Matter to Its $600 Million Optical Push
Positive Sentiment: Analysts and fund commentary continue to highlight Credo’s AI-driven growth. The company has reported triple-digit year-over-year revenue growth, while fiscal 2027 revenue is expected to increase by more than 85% as optical products expand. AI build-out Strengthens Credo Technology Group Holding Ltd
Positive Sentiment: Mizuho lowered its price target to $245 from $290 but retained an “outperform” rating, indicating that the brokerage still sees meaningful upside after the recent decline. Mizuho Cuts Credo Technology Group Price Target
Neutral Sentiment: Recent coverage notes that Credo’s strong earnings performance—including revenue growth of roughly 115%—has not prevented the shares from falling substantially from their highs. Some investors view that weakness as an opportunity, but the debate remains dependent on continued execution. Credo Technology Crashed for 3 Months
Negative Sentiment: Despite its growth outlook, Credo trades at a premium valuation. Analysts flag customer concentration and the risk that delays or weaker-than-expected adoption of optical products could make the aggressive growth targets difficult to achieve. CRDO Down 20.3% in a Month

Institutional Investors Weigh In On Credo Technology Group

Several large investors have recently bought and sold shares of CRDO. Bank of America Corp DE increased its position in Credo Technology Group by 13.7% during the second quarter. Bank of America Corp DE now owns 2,182,764 shares of the company’s stock worth $593,603,000 after buying an additional 262,479 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Credo Technology Group by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after acquiring an additional 184,676 shares in the last quarter. 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. Atreides Management LP grew its holdings in shares of Credo Technology Group by 3.5% during the second quarter. Atreides Management LP now owns 1,129,285 shares of the company’s stock worth $307,109,000 after purchasing an additional 38,052 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Credo Technology Group by 11.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,021,020 shares of the company’s stock valued at $290,805,000 after purchasing an additional 203,462 shares during the last quarter. 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.