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 business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $103.19, for a total transaction of $2,837,725.00. Following the sale, the chief technology officer directly owned 6,162,370 shares in the company, valued at approximately $635,894,960.30. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The stock was sold at an average price of $101.45, for a total transaction of $246,929.30.
• On Tuesday, March 31st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $91.28, for a total transaction of $2,510,200.00.
• On Tuesday, March 24th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $100.67, for a total transaction of $2,768,425.00.
• On Tuesday, March 17th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $107.90, for a total transaction of $2,967,250.00.
• On Wednesday, March 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was 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 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 stock was sold at an average price of $139.93, for a total transaction of $4,197,900.00.

Credo Technology Group Stock Down 2.1%

Shares of Credo Technology Group stock opened at $107.93 on Friday. Credo Technology Group Holding Ltd. has a twelve month low of $33.04 and a twelve month high of $213.80. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 59.96 and a beta of 2.72. The company’s fifty day moving average is $111.42 and its 200 day moving average is $137.35.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The company had revenue of $407.01 million for the quarter, compared to analysts’ expectations of $385.94 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Credo Technology Group’s revenue for the quarter was up 201.5% on a year-over-year basis. As a group, equities analysts anticipate that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors have recently made changes to their positions in CRDO. Corient Private Wealth LLC raised its holdings in shares of Credo Technology Group by 239,024.5% during the fourth quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company’s stock valued at $517,835,000 after purchasing an additional 3,597,318 shares during the period. Amundi raised its holdings in shares of Credo Technology Group by 28,478.2% during the fourth quarter. Amundi now owns 1,559,796 shares of the company’s stock valued at $224,439,000 after purchasing an additional 1,554,338 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Credo Technology Group by 841.9% during the fourth quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company’s stock valued at $228,979,000 after purchasing an additional 1,422,391 shares during the period. Bank of America Corp DE raised its holdings in shares of Credo Technology Group by 161.5% during the third quarter. Bank of America Corp DE now owns 2,278,073 shares of the company’s stock valued at $331,710,000 after purchasing an additional 1,406,752 shares during the period. Finally, Rafferty Asset Management LLC acquired a new position in shares of Credo Technology Group during the third quarter valued at about $183,553,000. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

CRDO has been the topic of several recent analyst reports. Rosenblatt Securities restated a “neutral” rating and issued a $125.00 target price on shares of Credo Technology Group in a report on Monday, March 23rd. Craig Hallum restated a “buy” rating and issued a $200.00 target price on shares of Credo Technology Group in a report on Tuesday, March 3rd. Barclays restated an “overweight” rating and issued a $260.00 target price on shares of Credo Technology Group in a report on Thursday, January 15th. The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Roth Mkm dropped their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Credo Technology Group currently has a consensus rating of “Buy” and an average price target of $206.33.

More Credo Technology Group News

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

• Positive Sentiment: Credo reported explosive revenue growth (~201% YoY) and recent quarters have beaten estimates, supporting the case that the company is capturing AI/data‑center demand; 24/7 Wall St. models a higher fair value. Credo Technology’s 201.49% Revenue Growth Makes the YTD Dip a Buy Opportunity to $125.16
• Positive Sentiment: Analyst coverage is overwhelmingly bullish (>>90% Buy), with consensus targets well above current levels — this underpins demand and aftermarket support. Analysts See 100% Upside in Credo Technology (CRDO)
• Positive Sentiment: Legal overhang removed: Credo reached confidential settlements with TE Connectivity and Molex and related suits are being dismissed, reducing litigation risk to valuation. Credo Settles Lawsuits With TE And Molex As Valuation Debate Remains
• Positive Sentiment: Hyperscaler expansion and accelerating AEC (short‑reach copper) adoption are lifting near‑term revenue from AI data centers. Credo Technology Expands Hyperscaler Reach: Concern or Strength?
• Neutral Sentiment: Media/watchlist coverage (e.g., MarketBeat/Bridget’s Buys) highlights CRDO as a volatile, high‑growth name — useful context for investors but less likely to move price alone. Bridget’s Buys: The Bottom 5 Stocks and What to Do Next
• Negative Sentiment: Clustered insider selling (CTO sold 27,500 shares on April 6 and multiple recent 10b5‑1 sales) is creating short‑term pressure, even if percentage ownership changes are small. Insider Selling: CTO Sells Shares
• Negative Sentiment: Customer concentration and a high PE leave the stock vulnerable to demand shifts or multiple compression; some coverage questions whether recent gains fully price in the growth story. Is It Too Late To Consider Credo Technology Group Holding (CRDO) After Its Strong Share Price Run

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.