Credo Technology Group (NASDAQ:CRDO) CTO Chi Fung Cheng Sells 27,473 Shares

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Fung Cheng sold 27,473 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.53, for a total transaction of $5,756,417.69. Following the sale, the chief technology officer directly owned 5,772,397 shares of the company’s stock, valued at approximately $1,209,490,343.41. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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, July 27th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $205.54, for a total value of $5,652,350.00.
• On Tuesday, July 21st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $222.34, for a total value of $6,114,350.00.
• On Wednesday, July 8th, Chi Fung Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $258.71, for a total value of $980,510.90.
• On Tuesday, July 7th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $243.06, for a total value of $6,684,150.00.
• On Tuesday, June 30th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $269.84, for a total value of $7,420,600.00.
• On Tuesday, June 23rd, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $270.94, for a total transaction of $7,450,850.00.
• On Tuesday, June 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $246.69, for a total transaction of $6,783,975.00.
• On Thursday, June 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $259.53, for a total transaction of $7,137,075.00.

Credo Technology Group Price Performance

Credo Technology Group stock opened at $237.92 on Wednesday. The firm has a 50 day simple moving average of $236.93 and a 200-day simple moving average of $172.92. The stock has a market cap of $44.37 billion, a price-to-earnings ratio of 95.94, a price-to-earnings-growth ratio of 1.00 and a beta of 3.23. Credo Technology Group Holding Ltd. has a 1-year low of $86.49 and a 1-year high of $308.67.

Credo Technology Group (NASDAQ:CRDO) last issued its quarterly earnings data on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.14. Credo Technology Group had a return on equity of 32.30% and a net margin of 35.37%.The company had revenue of $437.00 million during the quarter, compared to analyst estimates of $431.80 million. During the same period in the prior year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 157.0% compared to the same quarter last year. Equities analysts expect that Credo Technology Group Holding Ltd. will post 4.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CRDO shares. Needham & Company LLC boosted their price target on shares of Credo Technology Group from $220.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Barclays boosted their target price on Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Susquehanna upped their price target on Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on Credo Technology Group from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research raised Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $266.17.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Credo plans to showcase AI memory and storage connectivity solutions at Flash Memory Summit 2026. The event could highlight products positioned to benefit from rising data-center, AI and high-bandwidth memory infrastructure spending. Credo to Showcase AI Memory and Storage Connectivity Solutions at FMS 2026
• Positive Sentiment: Analysts and market commentary continue to identify Credo as an AI connectivity beneficiary. Although AI stocks have experienced a summer pullback, broader AI spending trends and published price targets suggest the company’s longer-term growth outlook remains intact. 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest?
• Neutral Sentiment: Credo’s shares have risen 52% year to date, reflecting strong AI-related growth expectations. Its latest reported quarter also showed substantial year-over-year revenue growth and an earnings beat, but investors are weighing whether that growth justifies the stock’s premium valuation. Credo Technology Surges 52% YTD: Buy, Sell or Hold the Stock?
• Negative Sentiment: Executives disclosed additional stock sales made on July 31 under pre-arranged Rule 10b5-1 plans. The CTO sold 27,473 shares for about $5.8 million, while COO Yat Tung Lam sold a combined 105,441 shares for approximately $22.5 million. Both executives retain substantial holdings, which reduces—but does not eliminate—the concern that insiders are taking profits after the strong rally. SEC Form 4—CTO Sale SEC Form 4—COO Sales
• Negative Sentiment: A separate report noted that Credo’s co-founder and CTO disposed of roughly 27,500 shares worth about $6.1 million on July 21. The sale was a small percentage of total ownership, but adds to the recent pattern of insider profit-taking. Credo Technology Insider Sale

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in 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 buying an additional 3,972 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Credo Technology Group by 63.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,524,788 shares of the company’s stock worth $61,235,000 after acquiring an additional 589,151 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Credo Technology Group by 2.3% in 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 acquiring an additional 7,107 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of Credo Technology Group during the second quarter worth $288,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Credo Technology Group by 198.2% in the second quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $46,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds 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.