Chi Fung Cheng Sells 3,790 Shares of Credo Technology Group (NASDAQ:CRDO) Stock

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Cheng sold 3,790 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $170.00, for a total value of $644,300.00. Following the completion of the transaction, the chief technology officer owned 136,568 shares of the company’s stock, valued at $23,216,560. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, July 31st, Chi Cheng sold 27,473 shares of Credo Technology Group stock. The shares were sold at an average price of $209.53, for a total value of $5,756,417.69.
• On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $205.54, for a total transaction of $5,652,350.00.
• On Tuesday, July 21st, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was sold at an average price of $222.34, for a total transaction of $6,114,350.00.
• On Wednesday, July 8th, Chi Cheng sold 3,790 shares of Credo Technology Group stock. The stock was sold at an average price of $258.71, for a total transaction of $980,510.90.
• On Tuesday, July 7th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $243.06, for a total transaction of $6,684,150.00.
• On Tuesday, June 30th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $269.84, for a total transaction of $7,420,600.00.
• On Tuesday, June 23rd, Chi 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 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 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 Stock Down 4.5%

NASDAQ CRDO opened at $160.31 on Friday. The company has a market capitalization of $30.13 billion, a price-to-earnings ratio of 57.05, a PEG ratio of 0.67 and a beta of 3.22. Credo Technology Group Holding Ltd. has a twelve month low of $86.49 and a twelve month high of $308.67. The stock has a fifty day simple moving average of $223.25 and a 200 day simple moving average of $190.60.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Tuesday, September 1st. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.The firm had revenue of $479.00 million for the quarter, compared to the consensus estimate of $473.30 million. During the same period in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 114.7% compared to the same quarter last year. Research analysts expect that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Key Credo Technology Group News

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

• Positive Sentiment: AI infrastructure demand remains a major growth driver. Analysts highlight strong demand for active electrical cables, Retimers and optical products, with management expecting approximately 85% fiscal 2027 revenue growth and more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
• Positive Sentiment: Recent financial results continued to exceed expectations. Credo reported $479 million in quarterly revenue, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The results marked another consecutive earnings beat and a continuation of triple-digit growth. Credo Q1 2027 Earnings Call Transcript
• Positive Sentiment: Several analysts view the pullback as a buying opportunity. Bullish coverage points to Credo’s expanding connectivity portfolio, including optical DSPs, ZeroFlap Optics and silicon photonics, while some published price targets remain above $300. The Credo Selloff Could Be a Huge Buying Opportunity
• Neutral Sentiment: Management’s investor presentation provided additional visibility but no specific new catalyst was reported. Credo also presented at the Goldman Sachs Communacopia + Technology Conference. Short-interest data showed no meaningful change, with reported short interest remaining at zero. Credo Goldman Sachs Conference Transcript
• Negative Sentiment: Gross-margin compression is the key near-term concern. Investors are questioning whether Credo can scale its AI connectivity business without additional GAAP margin pressure. Working-capital expansion and the stock’s elevated valuation increase sensitivity to any disappointing outlook. Credo Reports 115% Revenue Growth but Lower GAAP Gross Margin
• Negative Sentiment: CTO Chi Fung Cheng sold 3,790 shares for approximately $644,300. The sale reduced his direct holdings by about 2.7%, although he retained 136,568 shares. The transaction may add pressure to sentiment, particularly following earlier sales. Chi Fung Cheng Sells Credo Shares

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Capital lifted their target price on Credo Technology Group from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Susquehanna raised their price objective on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Stifel Nicolaus boosted their target price on shares of Credo Technology Group from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings lowered shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 4th. Finally, Bank of America decreased their price target on shares of Credo Technology Group from $340.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Credo Technology Group currently has an average rating of “Moderate Buy” and a consensus target price of $267.39.

Institutional Investors Weigh In On Credo Technology Group

Several institutional investors have recently bought and sold shares of CRDO. California State Teachers Retirement System boosted its holdings in shares of Credo Technology Group by 2.2% in the first quarter. California State Teachers Retirement System now owns 240,886 shares of the company’s stock worth $22,612,000 after acquiring an additional 5,113 shares during the period. TimesSquare Capital Management LLC raised its stake in shares of Credo Technology Group by 5.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 264,181 shares of the company’s stock valued at $38,013,000 after purchasing an additional 13,881 shares during the period. Corsair Capital Management L.P. purchased a new stake in Credo Technology Group during the 1st quarter worth about $469,000. Lazard Asset Management LLC lifted its holdings in Credo Technology Group by 55.6% during the 1st quarter. Lazard Asset Management LLC now owns 67,051 shares of the company’s stock worth $6,294,000 after purchasing an additional 23,949 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in Credo Technology Group by 68.4% in the 1st quarter. Quantinno Capital Management LP now owns 34,124 shares of the company’s stock worth $3,203,000 after purchasing an additional 13,859 shares during the period. Institutional investors own 80.46% of the company’s stock.

About Credo Technology Group

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for the data infrastructure market. Its products are designed to help move data efficiently within and between networking, storage and computing systems, with applications in artificial intelligence, cloud computing, telecommunications and enterprise data centers.

The company’s portfolio includes serializer/deserializer (SerDes) integrated circuits, retimers, optical digital signal processors and active electrical cables.