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

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Fung Cheng sold 27,500 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $107.90, for a total transaction of $2,967,250.00. Following the completion of the sale, the chief technology officer owned 6,244,870 shares of the company’s stock, valued at approximately $673,821,473. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $117.60, for a total transaction of $3,234,000.00.
• On Thursday, January 29th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $127.37, for a total transaction of $3,502,675.00.
• On Thursday, January 22nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $136.33, for a total transaction of $4,089,900.00.
• On Thursday, January 15th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $155.47, for a total transaction of $4,664,100.00.
• On Thursday, January 8th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $139.93, for a total transaction of $4,197,900.00.
• On Friday, January 2nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The stock was sold at an average price of $143.61, for a total value of $4,308,300.00.
• On Monday, December 29th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $143.41, for a total value of $7,887,550.00.
• On Monday, December 22nd, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $150.77, for a total value of $8,292,350.00.

Credo Technology Group Trading Up 5.3%

Shares of Credo Technology Group stock opened at $107.07 on Friday. The business’s fifty day simple moving average is $124.23 and its 200 day simple moving average is $142.57. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80. The firm has a market capitalization of $19.75 billion, a P/E ratio of 59.48 and a beta of 2.67.

Credo Technology Group (NASDAQ:CRDO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.29. The firm had revenue of $407.01 million during the quarter, compared to the consensus estimate of $385.94 million. Credo Technology Group had a return on equity of 29.63% and a net margin of 31.81%.The business’s revenue for the quarter was up 201.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. Analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Key Stories Impacting Credo Technology Group

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

• Positive Sentiment: Brokerage and analyst upgrades are piling up — several outlets note a consensus “Buy” or upgraded view that highlights strong AI-driven demand, rapid revenue/EPS growth and attractive forward multiples. This analyst momentum is a key driver of buying interest. Read More.
• Positive Sentiment: A bullish analyst write-up upgraded CRDO to “buy”, citing sustained >200% YoY revenue growth, substantial EPS improvement, margin expansion, and a healthy net cash position — items investors treat as validation for a growth multiple. Read More.
• Positive Sentiment: Product launches: Credo unveiled 800G ZeroFlap transceivers and new DSP families aimed at AI data-center networking — tangible product momentum that supports revenue growth and competitive positioning in high-bandwidth optical interfaces. Read More.
• Neutral Sentiment: Market commentary is mixed: some outlets present conflicting analyst views and broader industry comparisons — useful context but not an outright sell signal. Read More.
• Neutral Sentiment: Additional analyst notes and firm-specific coverage continue to appear (Stifel reiterated a Buy), supporting continued analyst-driven flows but keeping the story heterogeneous. Read More.
• Neutral Sentiment: Trade-flow / options-focused pieces suggest elevated tactical interest in CRDO options; these can amplify short-term moves but don’t change fundamentals. Read More. • Read More.
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares at ~$107.90 (disclosed SEC filing). Insider sales can temper sentiment even though the executive retains a very large stake. Read More.
• Neutral Sentiment: Short interest data appears to show no meaningful short position (reported zero shares / data glitch), so short-squeeze risk is low based on the available figures. (Reported 3/19)

Hedge Funds Weigh In On Credo Technology Group

Several large investors have recently modified their holdings of CRDO. California Public Employees Retirement System raised its holdings in Credo Technology Group by 17.2% during the 2nd quarter. California Public Employees Retirement System now owns 257,567 shares of the company’s stock valued at $23,848,000 after acquiring an additional 37,772 shares during the period. Optimize Financial Inc bought a new position in shares of Credo Technology Group in the third quarter worth $1,431,000. Estate Counselors LLC bought a new position in shares of Credo Technology Group in the third quarter worth $2,548,000. Global Trust Asset Management LLC purchased a new position in shares of Credo Technology Group in the third quarter valued at $2,167,000. Finally, New York State Common Retirement Fund grew its position in shares of Credo Technology Group by 106.5% in the third quarter. New York State Common Retirement Fund now owns 146,134 shares of the company’s stock valued at $21,279,000 after purchasing an additional 75,369 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CRDO shares. Craig Hallum reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Credo Technology Group in a research report on Tuesday, March 3rd. Wolfe Research set a $240.00 target price on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Bank of America lifted their price target on shares of Credo Technology Group from $165.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group set a $165.00 price objective on Credo Technology Group and gave the company a “buy” rating in a research note on Thursday, February 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of Credo Technology Group in a report on Tuesday, March 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Credo Technology Group has an average rating of “Buy” and a consensus price target of $206.33.

Credo Technology Group Company Profile

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.