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

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

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 shares were 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 stock was 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 shares were 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 transaction of $4,308,300.00.
• 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.

Credo Technology Group Trading Down 3.4%

NASDAQ CRDO opened at $103.40 on Friday. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 57.44 and a beta of 2.67. The business’s 50 day moving average is $123.29 and its two-hundred day moving average is $142.43. Credo Technology Group Holding Ltd. has a 12-month low of $29.09 and a 12-month high of $213.80.

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

Institutional Trading of Credo Technology Group

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in shares of Credo Technology Group by 128.4% during the 1st quarter. NewEdge Advisors LLC now owns 7,066 shares of the company’s stock worth $284,000 after purchasing an additional 3,972 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Credo Technology Group by 63.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock valued at $61,235,000 after buying an additional 589,151 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Credo Technology Group by 2.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 310,763 shares of the company’s stock worth $12,480,000 after buying an additional 7,107 shares in the last quarter. Creative Planning increased its position in Credo Technology Group by 161.5% during the second quarter. Creative Planning now owns 73,091 shares of the company’s stock worth $6,767,000 after buying an additional 45,144 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Credo Technology Group by 69.9% in the second quarter. SG Americas Securities LLC now owns 7,170 shares of the company’s stock worth $664,000 after acquiring an additional 2,950 shares during the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRDO. Weiss Ratings reiterated a “hold (c)” rating on shares of Credo Technology Group in a report on Monday, December 29th. Roth Mkm decreased their price objective on shares of Credo Technology Group from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Susquehanna dropped their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a “positive” rating for the company in a report on Tuesday, March 3rd. TD Cowen reiterated a “buy” rating on shares of Credo Technology Group in a research report on Tuesday, December 2nd. Finally, Rosenblatt Securities decreased their price target on Credo Technology Group from $170.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Credo Technology Group currently has an average rating of “Buy” and an average target price of $206.33.

Trending Headlines about Credo Technology Group

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

• Positive Sentiment: Analyst consensus remains bullish — CRDO carries an average “Buy” rating as multiple firms cite robust AI/data‑center demand and favorable forward multiples, supporting continued investor interest. Article
• Positive Sentiment: Price-target and rating upgrades: recent research notes (including a Seeking Alpha upgrade) point to sustained >200% YoY revenue growth, EPS acceleration and a strong net cash position — fundamental drivers that justify buy-side flows. Article
• Positive Sentiment: Product momentum: new 800G ZeroFlap transceivers and updated DSP families aimed at AI data‑center networking bolster Credo’s addressable market and revenue outlook. Product cadence supports the bull case for growth. Article
• Neutral Sentiment: Market and coverage context mixed — some outlets highlight conflicting analyst views and industry comparisons; useful for framing risk but not an immediate sell signal. Article
• Neutral Sentiment: Tactical flows and options interest are elevated — several pieces note heightened options and trade‑flow activity that can amplify short‑term moves but don’t change Credo’s fundamentals. Article
• Neutral Sentiment: Reported short interest data showed zero shares (likely a reporting glitch), implying limited publicly reported short exposure — reduces visible short‑squeeze risk but the figure is unreliable. (Reported 3/19)
• Negative Sentiment: Insider selling: CTO Chi Fung Cheng sold 27,500 shares at an average ~$107.90 (SEC filing). While the exec still holds a very large stake, repeated sizable sales can weigh on near‑term sentiment. SEC Filing

About Credo Technology Group

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.