Credo Technology Group (NASDAQ:CRDO) CTO Sells $5,307,225.00 in Stock

Posted by Francis Steltz on Oct 17th, 2026

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Cheng sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $192.99, for a total value of $5,307,225.00. Following the transaction, the chief technology officer directly owned 5,607,397 shares in the company, valued at approximately $1,082,171,547.03. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Monday, October 12th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $201.84, for a total transaction of $764,973.60.
On Tuesday, October 6th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $221.48, for a total value of $6,090,700.00.
On Tuesday, September 29th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $193.93, for a total transaction of $5,333,075.00.
On Wednesday, September 23rd, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $193.12, for a total transaction of $5,310,800.00.
On Thursday, September 17th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $166.38, for a total transaction of $4,575,450.00.
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 transaction 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 value 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 value of $6,114,350.00.

Credo Technology Group Stock Performance

NASDAQ:CRDO opened at $169.70 on Friday. Credo Technology Group Holding Ltd. has a fifty-two week low of $86.49 and a fifty-two week high of $308.67. The company has a 50 day simple moving average of $204.44 and a two-hundred day simple moving average of $204.83. The company has a market capitalization of $31.90 billion, a PE ratio of 60.30, a P/E/G ratio of 0.71 and a beta of 3.25.

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

Credo Technology Group News Summary

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

Positive Sentiment: Credo is starting a new optical connectivity standards group, an initiative that could help shape industry requirements and support adoption of its optical products across AI data centers. Credo starts optical connectivity standards group
Positive Sentiment: Recent coverage emphasizes Credo’s role in solving connectivity and reliability bottlenecks between processors in large AI clusters. Its high-speed connectivity products could become increasingly important as hyperscalers expand AI infrastructure. Credo AI connectivity outlook
Positive Sentiment: The company’s latest reported quarter showed revenue rising 114.7% year over year to $479 million, exceeding estimates, while EPS also beat expectations. This performance supports the bullish view that AI-related demand remains strong.
Neutral Sentiment: Rosenblatt reaffirmed a “Neutral” rating but raised its price target to $235, implying meaningful potential upside from recent levels. Broader analyst sentiment remains positive, although target-price reductions and comparisons with Arm and Coherent highlight valuation and execution risks.
Negative Sentiment: CRDO has been pressured alongside other AI infrastructure stocks by sector-wide profit-taking. With a premium earnings multiple, high volatility and reliance on major customers, the stock is particularly sensitive to changes in AI spending expectations.
Negative Sentiment: Director Pantas Sutardja sold approximately $326,819 of stock under a pre-arranged Rule 10b5-1 plan. The sale represented only 0.03% of his holdings, limiting its significance, but insider selling may still weigh on investor sentiment. Credo director stock sale

Analysts Set New Price Targets

A number of research firms recently weighed in on CRDO. Zacks Research lowered shares of Credo Technology Group from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Credo Technology Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Stifel Nicolaus dropped their price target on Credo Technology Group from $350.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Rosenblatt Securities reiterated a “neutral” rating and set a $235.00 target price on shares of Credo Technology Group in a research note on Thursday. Finally, Weiss Ratings downgraded Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.67.

View Our Latest Stock Analysis on Credo Technology Group

Hedge Funds Weigh In On Credo Technology Group

A number of hedge funds and other institutional investors have recently modified their holdings of CRDO. Alpine Bank Wealth Management bought a new position in shares of Credo Technology Group during the third quarter valued at about $40,000. Peak Financial Management Inc. raised its position in shares of Credo Technology Group by 82.9% in the 3rd quarter. Peak Financial Management Inc. now owns 1,600 shares of the company’s stock worth $312,000 after acquiring an additional 725 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Credo Technology Group by 28.1% in the third quarter. TD Waterhouse Canada Inc. now owns 337 shares of the company’s stock worth $71,000 after purchasing an additional 74 shares during the period. Pension & Wealth Management Advisors Inc. lifted its holdings in shares of Credo Technology Group by 80.0% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,735 shares of the company’s stock valued at $338,000 after purchasing an additional 771 shares during the last quarter. Finally, Riverbend Wealth Management LLC increased its position in Credo Technology Group by 86.0% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,399 shares of the company’s stock valued at $273,000 after buying an additional 647 shares in the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company’s product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.