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 dated Tuesday, June 16th. The stock was sold at an average price of $246.69, for a total transaction of $6,783,975.00. Following the transaction, the chief technology officer owned 5,964,870 shares in the company, valued at approximately $1,471,473,780.30. This trade represents a 0.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, June 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $259.53, for a total transaction of $7,137,075.00.
• On Friday, May 1st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $178.99, for a total transaction of $4,922,225.00.
• On Monday, April 27th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $179.33, for a total transaction of $4,931,575.00.
• On Wednesday, April 22nd, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $188.02, for a total transaction of $5,170,550.00.
• On Thursday, April 16th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $157.58, for a total transaction of $4,333,450.00.
• On Friday, April 10th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $118.25, for a total transaction of $3,251,875.00.
• On Monday, April 6th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $103.19, for a total transaction of $2,837,725.00.
• 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 value 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 value of $2,510,200.00.
• On Tuesday, March 24th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $100.67, for a total value of $2,768,425.00.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO traded up $22.50 during midday trading on Thursday, hitting $271.83. The stock had a trading volume of 9,316,575 shares, compared to its average volume of 7,544,717. The company’s 50-day simple moving average is $193.31 and its 200 day simple moving average is $152.66. The firm has a market cap of $50.69 billion, a P/E ratio of 109.61, a price-to-earnings-growth ratio of 1.26 and a beta of 3.22. Credo Technology Group Holding Ltd. has a fifty-two week low of $81.72 and a fifty-two week high of $274.90.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Monday, June 1st. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $431.80 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The firm’s quarterly revenue was up 157.0% on a year-over-year basis. Equities analysts expect that Credo Technology Group Holding Ltd. will post 4.84 EPS for the current fiscal year.

Hedge Funds Weigh In On Credo Technology Group

Hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Credo Technology Group by 16.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $80,000 after buying an additional 77 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Credo Technology Group by 1.7% in the 1st quarter. QRG Capital Management Inc. now owns 5,402 shares of the company’s stock valued at $507,000 after acquiring an additional 91 shares during the last quarter. Bank of Nova Scotia increased its stake in shares of Credo Technology Group by 1.6% in the 1st quarter. Bank of Nova Scotia now owns 6,026 shares of the company’s stock valued at $566,000 after acquiring an additional 92 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its position in shares of Credo Technology Group by 2.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 5,150 shares of the company’s stock valued at $741,000 after acquiring an additional 100 shares during the period. Finally, Spirepoint Private Client LLC raised its position in shares of Credo Technology Group by 6.6% in the 4th quarter. Spirepoint Private Client LLC now owns 1,688 shares of the company’s stock valued at $243,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 80.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CRDO shares. Zacks Research upgraded shares of Credo Technology Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Needham & Company LLC lifted their price target on shares of Credo Technology Group from $220.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Craig Hallum reissued a “buy” rating and set a $200.00 price target on shares of Credo Technology Group in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. increased their price objective on shares of Credo Technology Group from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. Finally, TD Cowen raised their price objective on shares of Credo Technology Group from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $248.41.

Credo Technology Group News Roundup

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

• Positive Sentiment: Credo was highlighted in a bullish note as a key beneficiary of AI-driven data center connectivity demand, with the company described as becoming a standard for zero-flap networking products. Credo Technologies Accelerates AI—Its Stock Price Will Follow
• Positive Sentiment: Jim Cramer called Credo “so good,” reinforcing investor enthusiasm around the stock and its networking exposure. Jim Cramer Says “Credo’s Just so Good”
• Positive Sentiment: Recent coverage also emphasized Credo’s record fiscal 2026 results, including more than tripling annual revenue to about $1.3 billion and 157% year-over-year quarterly revenue growth, which supports the company’s premium valuation. Credo Technology (CRDO) Reports Record FY26 Results with Triple-Digit Revenue Growth
• Neutral Sentiment: Credo announced it earned 2026 national and regional Top Workplace honors for the second straight year, a positive sign for culture and recruiting but not usually a direct stock-moving catalyst. Credo Earns 2026 National and Regional Top Workplace Honors
• Negative Sentiment: Some recent commentary turned cautious, warning that Credo could face regulatory, integration, and execution risks tied to its M&A push, while other bearish articles questioned whether the stock’s rapid run-up is sustainable. Credo Technology’s M&A Push Faces Regulatory, Integration and Financial Execution Risks

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.