Chi Fung Cheng Sells 30,000 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Fung Cheng sold 30,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $143.61, for a total transaction of $4,308,300.00. Following the completion of the sale, the chief technology officer directly owned 6,418,961 shares of the company’s stock, valued at $921,826,989.21. The trade was a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 29th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $143.41, for a total transaction 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.
• On Monday, December 15th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $143.94, for a total value of $7,916,700.00.
• On Monday, December 8th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $174.70, for a total value of $9,608,500.00.
• On Monday, October 27th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $156.32, for a total value of $8,597,600.00.
• On Monday, October 20th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $150.34, for a total value of $8,268,700.00.
• On Monday, October 13th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $148.08, for a total value of $8,144,400.00.

Credo Technology Group Price Performance

Credo Technology Group stock opened at $141.00 on Thursday. The company has a market cap of $25.47 billion, a PE ratio of 123.69 and a beta of 2.66. Credo Technology Group Holding Ltd. has a 12 month low of $29.09 and a 12 month high of $213.80. The company has a fifty day moving average price of $155.53 and a two-hundred day moving average price of $136.06.

Credo Technology Group (NASDAQ:CRDO) last posted its quarterly earnings results on Monday, December 1st. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.18. Credo Technology Group had a net margin of 26.63% and a return on equity of 25.28%. The company had revenue of $268.03 million for the quarter, compared to the consensus estimate of $234.99 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 272.1% on a year-over-year basis. Equities research analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Key Credo Technology Group News

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

• Positive Sentiment: Credo reported a substantial earnings and revenue beat (Q revenue +272% YoY; EPS well ahead of estimates), which underpins investor confidence in growth and margins. MarketBeat Coverage
• Positive Sentiment: Analysts and bullish write-ups highlight Credo’s opportunity from AI/data‑center demand and expanded addressable market — several firms raised targets and reiterated buy/overweight ratings, supporting upside expectations. Yahoo Article
• Positive Sentiment: Credo holds a large cash balance (~$813.6M) that management can deploy for R&D, M&A or to scale its AI-focused platform — a balance-sheet strength cited as a competitive advantage. Zacks Article
• Positive Sentiment: Unusually large options activity — a ~38% rise in call volume (28,094 calls) — suggests short‑term bullish positioning by traders, which can amplify upside moves.
• Neutral Sentiment: Management will present at the Needham Growth Conference (Jan 14), offering an opportunity for further investor updates and Q&A that could drive short‑term attention but not immediate fundamentals. BusinessWire
• Neutral Sentiment: Institutional ownership is high (~80%); that can support price stability but also limits new institutional buying catalysts absent fresh fundamental news. MarketBeat
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 30,000 shares (part of a series of recent dispositions). Repeated insider sales can be interpreted as a near‑term bearish signal by some investors. SEC Filing
• Negative Sentiment: Valuation and volatility risks: CRDO trades with a high P/E (~116x) and elevated beta (~2.66), so upside is coupled with higher drawdown risk if growth expectations slip.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen raised Credo Technology Group from a “hold” rating to a “buy” rating in a report on Sunday, September 28th. Bank of America raised their target price on Credo Technology Group from $165.00 to $240.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Cowen restated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. William Blair initiated coverage on shares of Credo Technology Group in a report on Thursday, September 18th. They issued an “outperform” rating on the stock. Finally, Roth Capital boosted their target price on shares of Credo Technology Group from $170.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $206.85.

Hedge Funds Weigh In On Credo Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of CRDO. Savant Capital LLC increased its stake in shares of Credo Technology Group by 0.7% during the third quarter. Savant Capital LLC now owns 9,914 shares of the company’s stock valued at $1,444,000 after acquiring an additional 68 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Credo Technology Group by 16.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock valued at $80,000 after purchasing an additional 77 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Credo Technology Group by 0.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,783 shares of the company’s stock valued at $2,298,000 after purchasing an additional 91 shares during the period. Versant Capital Management Inc increased its position in shares of Credo Technology Group by 18.0% during the 3rd quarter. Versant Capital Management Inc now owns 663 shares of the company’s stock valued at $97,000 after purchasing an additional 101 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Credo Technology Group by 14.8% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 861 shares of the company’s stock worth $125,000 after buying an additional 111 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

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.