Credo Technology Group (NASDAQ:CRDO) CTO Sells $8,187,850.00 in Stock

Posted by Danessa Lincoln on Oct 3rd, 2025

Credo Technology Group Holding Ltd. (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $148.87, for a total value of $8,187,850.00. Following the transaction, the chief technology officer owned 6,888,961 shares of the company’s stock, valued at $1,025,559,624.07. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

On Monday, September 22nd, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $164.98, for a total value of $9,073,900.00.
On Monday, September 15th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $163.98, for a total transaction of $9,018,900.00.
On Monday, September 8th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $146.21, for a total transaction of $8,041,550.00.
On Friday, August 1st, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $107.12, for a total transaction of $5,891,600.00.
On Monday, July 28th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $105.80, for a total transaction of $5,819,000.00.
On Monday, July 21st, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $96.54, for a total transaction of $5,309,700.00.
On Monday, July 14th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $98.53, for a total value of $5,419,150.00.
On Monday, July 7th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $91.94, for a total value of $5,056,700.00.

Credo Technology Group Stock Performance

Shares of CRDO opened at $149.63 on Friday. The firm has a market cap of $25.89 billion, a PE ratio of 223.33 and a beta of 2.60. Credo Technology Group Holding Ltd. has a 52-week low of $29.09 and a 52-week high of $176.70. The business’s 50 day moving average price is $132.35 and its two-hundred day moving average price is $87.39.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last released its quarterly earnings data on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $223.07 million during the quarter, compared to the consensus estimate of $190.63 million. Credo Technology Group had a net margin of 20.85% and a return on equity of 19.02%. The business’s revenue was up 273.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 EPS. Credo Technology Group has set its Q2 2026 guidance at EPS. Research analysts predict that Credo Technology Group Holding Ltd. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on CRDO shares. Roth Capital reaffirmed a “buy” rating and issued a $170.00 target price on shares of Credo Technology Group in a research report on Tuesday. Mizuho boosted their price target on shares of Credo Technology Group from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. Needham & Company LLC raised their price objective on shares of Credo Technology Group from $85.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, September 4th. Cowen reiterated a “buy” rating on shares of Credo Technology Group in a report on Thursday, September 4th. Finally, William Blair initiated coverage on Credo Technology Group in a research report on Thursday, September 18th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $128.55.

View Our Latest Report on CRDO

Institutional Trading of Credo Technology Group

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in Credo Technology Group by 36.5% in the second quarter. JPMorgan Chase & Co. now owns 6,508,934 shares of the company’s stock worth $602,662,000 after purchasing an additional 1,739,844 shares during the period. Nuveen LLC bought a new stake in shares of Credo Technology Group in the 1st quarter worth approximately $52,636,000. Alliancebernstein L.P. grew its stake in shares of Credo Technology Group by 66.0% in the 2nd quarter. Alliancebernstein L.P. now owns 3,064,891 shares of the company’s stock worth $283,778,000 after buying an additional 1,218,504 shares during the last quarter. 1832 Asset Management L.P. bought a new position in Credo Technology Group during the 2nd quarter valued at approximately $82,479,000. Finally, Swedbank AB increased its position in Credo Technology Group by 29.5% during the 1st quarter. Swedbank AB now owns 3,219,125 shares of the company’s stock valued at $129,280,000 after buying an additional 733,811 shares in the last quarter. Institutional investors own 80.46% of the company’s stock.

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.