Credo Technology Group (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 3,790 Shares

Posted by Francis Steltz on Sep 10th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Cheng sold 3,790 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $170.00, for a total transaction of $644,300.00. Following the transaction, the chief technology officer directly owned 136,568 shares in the company, valued at approximately $23,216,560. The trade was a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The stock was 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 shares were 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 stock was 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 stock was sold at an average price of $270.94, for a total value of $7,450,850.00.
On Tuesday, June 16th, Chi 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 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.

Credo Technology Group Stock Performance

Shares of CRDO stock opened at $167.92 on Thursday. Credo Technology Group Holding Ltd. has a 1 year low of $86.49 and a 1 year high of $308.67. The business’s fifty day moving average is $224.88 and its 200-day moving average is $190.34. The stock has a market cap of $31.56 billion, a PE ratio of 59.76, a price-to-earnings-growth ratio of 0.67 and a beta of 3.22.

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

Key Stories Impacting Credo Technology Group

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

Positive Sentiment: Analysts remain bullish after the selloff. Coverage argues that Credo’s recent decline may be disconnected from its fundamentals, with some analysts maintaining price targets above $300 and describing the shares as a potential buying opportunity. The Credo Selloff Could Be a Huge Buying Opportunity: Analysts Still See $300+
Positive Sentiment: AI data-center demand continues to support growth. Credo is benefiting from strong demand for active electrical cables, record Retimer sales and expanding optical products. Management’s outlook calls for approximately 85% year-over-year revenue growth in fiscal 2027, including more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
Positive Sentiment: Recent results exceeded expectations. Revenue reached $479 million, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The quarter represented another consecutive earnings beat and continued triple-digit growth. Credo Q1 2027 Earnings Call Transcript
Positive Sentiment: Product expansion could increase Credo’s long-term market opportunity. The DustPhotonics acquisition, ZeroFlap Optics, silicon photonics, optical DSPs and PILOT telemetry broaden the company’s data-center connectivity offerings and could support future margin expansion. Credo Market Is Mispricing a $1 Trillion AI Infrastructure Catalyst
Neutral Sentiment: Investors are weighing exceptional growth against execution risk. Analysts generally favor buying the pullback rather than chasing the stock, citing acquisition integration, valuation and the need for sustained AI-related demand. Credo: Buy the AI Connectivity Pullback, But Do Not Chase Blindly
Negative Sentiment: Margin and cash-flow concerns are weighing on sentiment. The market appears to be interpreting GAAP margin compression and working-capital expansion as potential signs of near-term pressure, even though management and bullish analysts expect longer-term non-GAAP margin improvement. Credo’s high earnings multiple also leaves less room for disappointing guidance.

Institutional Trading of Credo Technology Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its holdings in shares of Credo Technology Group by 19.0% during the second quarter. Sequoia Financial Advisors LLC now owns 6,659 shares of the company’s stock valued at $1,811,000 after acquiring an additional 1,063 shares during the period. IPG Investment Advisors LLC acquired a new position in Credo Technology Group in the 2nd quarter worth approximately $3,078,000. Integrated Wealth Concepts LLC grew its position in Credo Technology Group by 68.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,962 shares of the company’s stock worth $4,341,000 after purchasing an additional 6,489 shares in the last quarter. NewEdge Advisors LLC grew its position in Credo Technology Group by 56.0% during the 2nd quarter. NewEdge Advisors LLC now owns 9,176 shares of the company’s stock worth $2,495,000 after purchasing an additional 3,293 shares in the last quarter. Finally, GFG Capital LLC acquired a new stake in Credo Technology Group during the 2nd quarter valued at $214,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRDO. TD Cowen raised their price objective on shares of Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Evercore set a $292.00 target price on shares of Credo Technology Group in a research note on Wednesday, September 2nd. Barclays raised their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Rosenblatt Securities lifted their price target on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Finally, Needham & Company LLC upped their price target on Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $267.39.

Read Our Latest Report on Credo Technology Group

About Credo Technology Group

(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.