Credo Technology Group Holding Ltd (NASDAQ:CRDO) CTO Sells $3,989,150.00 in Stock

Posted by Casey Walker on Jun 12th, 2025

Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) CTO Chi Fung Cheng sold 55,000 shares of the business’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $72.53, for a total transaction of $3,989,150.00. Following the sale, the chief technology officer now directly owns 7,548,961 shares of the company’s stock, valued at $547,526,141.33. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

On Thursday, June 5th, Chi Fung Cheng sold 59,641 shares of Credo Technology Group stock. The stock was sold at an average price of $74.96, for a total transaction of $4,470,689.36.
On Friday, May 2nd, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $48.02, for a total value of $2,641,100.00.
On Monday, April 28th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $42.95, for a total value of $2,362,250.00.
On Tuesday, April 22nd, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $36.74, for a total value of $2,020,700.00.
On Wednesday, April 16th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $37.29, for a total transaction of $2,050,950.00.
On Thursday, April 10th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $38.78, for a total transaction of $2,132,900.00.
On Friday, April 4th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The shares were sold at an average price of $32.96, for a total transaction of $1,812,800.00.
On Monday, March 24th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $49.77, for a total transaction of $2,737,350.00.
On Monday, March 17th, Chi Fung Cheng sold 55,000 shares of Credo Technology Group stock. The stock was sold at an average price of $47.29, for a total value of $2,600,950.00.

Credo Technology Group Trading Up 4.5%

Shares of NASDAQ:CRDO opened at $71.64 on Thursday. The company has a market cap of $12.16 billion, a PE ratio of -477.60 and a beta of 2.42. Credo Technology Group Holding Ltd has a twelve month low of $22.50 and a twelve month high of $86.69. The company’s 50 day moving average is $52.19 and its 200 day moving average is $58.88.

Credo Technology Group (NASDAQ:CRDO – Get Free Report) last posted its earnings results on Monday, June 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $170.00 million during the quarter, compared to the consensus estimate of $159.59 million. Credo Technology Group had a negative net margin of 9.70% and a negative return on equity of 2.94%. The firm’s quarterly revenue was up 179.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities research analysts predict that Credo Technology Group Holding Ltd will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Credo Technology Group from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Bank of America reduced their price objective on shares of Credo Technology Group from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Susquehanna restated a “positive” rating and issued a $90.00 target price (up from $60.00) on shares of Credo Technology Group in a research note on Tuesday, June 3rd. TD Cowen lifted their price target on shares of Credo Technology Group from $50.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Needham & Company LLC upped their price target on Credo Technology Group from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $78.60.

Check Out Our Latest Research Report on Credo Technology Group

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CRDO. Proficio Capital Partners LLC purchased a new position in shares of Credo Technology Group in the 4th quarter valued at about $700,000. Charles Schwab Investment Management Inc. lifted its stake in Credo Technology Group by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,179,726 shares of the company’s stock valued at $79,289,000 after buying an additional 43,169 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Credo Technology Group by 3.4% in the 4th quarter. Vontobel Holding Ltd. now owns 19,584 shares of the company’s stock worth $1,316,000 after buying an additional 635 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Credo Technology Group by 7.0% during the fourth quarter. Bank of New York Mellon Corp now owns 562,382 shares of the company’s stock valued at $37,798,000 after acquiring an additional 36,949 shares during the last quarter. Finally, Amalgamated Bank lifted its position in shares of Credo Technology Group by 9.4% in the fourth quarter. Amalgamated Bank now owns 4,777 shares of the company’s stock valued at $321,000 after acquiring an additional 411 shares in the last quarter. 80.46% of the stock is owned by institutional investors and hedge funds.

About Credo Technology Group

(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.