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

Posted by Stanley Muller on Jun 25th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $270.94, for a total transaction of $7,450,850.00. Following the completion of the transaction, the chief technology officer directly owned 5,937,370 shares in the company, valued at approximately $1,608,671,027.80. This represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Tuesday, June 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $246.69, for a total transaction 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 transaction of $7,137,075.00.
On Friday, May 1st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $178.99, for a total transaction of $4,922,225.00.
On Monday, April 27th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $179.33, for a total transaction of $4,931,575.00.
On Wednesday, April 22nd, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was 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 shares were sold at an average price of $118.25, for a total value of $3,251,875.00.
On Monday, April 6th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $103.19, for a total value of $2,837,725.00.
On Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The stock was sold at an average price of $101.45, for a total value of $246,929.30.
On Tuesday, March 31st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $91.28, for a total value of $2,510,200.00.

Credo Technology Group Trading Down 0.4%

NASDAQ:CRDO traded down $0.96 during mid-day trading on Thursday, hitting $268.03. 8,149,840 shares of the company’s stock traded hands, compared to its average volume of 7,584,012. The firm has a market capitalization of $49.98 billion, a price-to-earnings ratio of 108.08, a price-to-earnings-growth ratio of 1.43 and a beta of 3.22. The firm has a 50 day moving average of $209.46 and a two-hundred day moving average of $156.04. Credo Technology Group Holding Ltd. has a 12 month low of $84.25 and a 12 month high of $308.67.

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

Key Headlines Impacting Credo Technology Group

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

Positive Sentiment: Evercore ISI initiated coverage on Credo Technology Group with an Outperform rating and a $325 price target, arguing that the company is positioned to benefit from expanding demand for optical AI connectivity. Credo Technology (CRDO) Starts With Outperform Rating as Optical AI Connectivity Opportunity Expands
Positive Sentiment: Zacks added CRDO to its Rank #1 (Strong Buy) growth stock list, reinforcing the market’s view that Credo remains a high-momentum AI/data-center name. Best Growth Stocks to Buy for June 25th
Positive Sentiment: A new article highlighted Credo’s 1.6T connectivity ramp and its role in AI data-center growth, pointing to the company’s strong recent revenue acceleration and expanding demand for its products. How Credo Technology Group’s (CRDO) 1.6T Connectivity Ramp Is Feeding Its AI Data-Center Growth
Positive Sentiment: Another commentary piece argued that Credo’s AI connectivity technology is gaining traction and suggested the stock could keep following that business momentum higher. Credo Technologies Accelerates AIâ€”Its Stock Price Will Follow
Neutral Sentiment: Separate fund-commentary pieces noted Credo as a durable growth name, but they were largely retrospective portfolio discussions rather than new company-specific catalysts. The Brown Capital Management Small Company Fund Picked Credo Technology (CRDO) Amid Multiple Durable Growth Drivers
Neutral Sentiment: A separate note said Credo was “not Micron” and carried a sell rating, but this appears to be a contrarian analyst view rather than the dominant market narrative. Credo Is Not Micron; Sell (Rating Downgrade)
Negative Sentiment: One investor-letter summary flagged replacement-risk concerns around Credo’s business, which could weigh on sentiment if investors focus on competitive pressures in its product lines. Credo Technology (CRDO) Slid Amid Replacement Risk Concerns

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CRDO shares. Craig Hallum reiterated a “buy” rating and set a $200.00 target price on shares of Credo Technology Group in a research note on Tuesday, March 3rd. TD Cowen raised their price target on shares of Credo Technology Group from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group boosted their price objective on shares of Credo Technology Group from $225.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Zacks Research raised shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Evercore initiated coverage on shares of Credo Technology Group in a research note on Monday. They issued an “outperform” rating and a $325.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $263.11.

Check Out Our Latest Research Report on CRDO

Hedge Funds Weigh In On Credo Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Credo Technology Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,585,229 shares of the company’s stock valued at $2,386,449,000 after acquiring an additional 59,849 shares during the period. State Street Corp raised its position in Credo Technology Group by 23.4% in the fourth quarter. State Street Corp now owns 4,486,320 shares of the company’s stock worth $645,537,000 after purchasing an additional 849,654 shares in the last quarter. Geode Capital Management LLC lifted its stake in Credo Technology Group by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,862,041 shares of the company’s stock worth $555,117,000 after purchasing an additional 184,676 shares during the period. Corient Private Wealth LLC lifted its stake in Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock worth $517,835,000 after purchasing an additional 3,597,318 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Credo Technology Group by 66.0% during the second quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock valued at $283,778,000 after purchasing an additional 1,218,504 shares in the last quarter. 80.46% of the stock is owned by institutional investors.

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.