Insider Selling: Credo Technology Group (NASDAQ:CRDO) CTO Sells 3,790 Shares

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) CTO Chi Cheng sold 3,790 shares of the stock in a transaction that occurred on 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 sale, the chief technology officer directly 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 document filed with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $209.53, for a total transaction of $5,756,417.69.
• On Monday, July 27th, Chi Cheng sold 27,500 shares of Credo Technology Group stock. The stock was 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 shares were 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $259.53, for a total transaction of $7,137,075.00.

Credo Technology Group Price Performance

Shares of NASDAQ CRDO traded up $0.17 during mid-day trading on Wednesday, hitting $167.92. The company had a trading volume of 6,937,158 shares, compared to its average volume of 7,417,904. The business’s 50-day simple moving average is $226.71 and its 200-day simple moving average is $190.08. Credo Technology Group Holding Ltd. has a 12 month low of $86.49 and a 12 month high of $308.67. The firm has a market cap of $31.56 billion, a P/E ratio of 59.76, a PEG ratio of 0.68 and a beta of 3.22.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC bought a new position in shares of Credo Technology Group during the second quarter valued at $27,000. Reflection Asset Management bought a new stake in shares of Credo Technology Group in the 4th quarter worth about $25,000. Acumen Wealth Advisors LLC bought a new stake in shares of Credo Technology Group in the 4th quarter worth about $25,000. Van ECK Associates Corp acquired a new stake in shares of Credo Technology Group during the 4th quarter worth about $37,000. Finally, Quarry LP increased its position in shares of Credo Technology Group by 642.5% during the 3rd quarter. Quarry LP now owns 297 shares of the company’s stock worth $43,000 after purchasing an additional 257 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRDO has been the topic of several analyst reports. Barclays boosted their price target on shares of Credo Technology Group from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings downgraded shares of Credo Technology Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Jefferies Financial Group lifted their target price on shares of Credo Technology Group from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. TD Cowen upped their target price on shares of Credo Technology Group from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Finally, Rosenblatt Securities increased their price target on shares of Credo Technology Group from $215.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Credo Technology Group currently has a consensus rating of “Moderate Buy” and an average price target of $267.39.

Key Headlines Impacting Credo Technology Group

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

• Positive Sentiment: Analysts remain bullish after the selloff. Coverage argues that Credo’s recent decline may be disconnected from its fundamentals, with some analysts maintaining price targets above $300 and describing the shares as a potential buying opportunity. The Credo Selloff Could Be a Huge Buying Opportunity: Analysts Still See $300+
• Positive Sentiment: AI data-center demand continues to support growth. Credo is benefiting from strong demand for active electrical cables, record Retimer sales and expanding optical products. Management’s outlook calls for approximately 85% year-over-year revenue growth in fiscal 2027, including more than $600 million in annual optical revenue. Credo Technology: A Compelling Buy For Forward-Looking Investors
• Positive Sentiment: Recent results exceeded expectations. Revenue reached $479 million, up 114.7% year over year, while earnings of $1.20 per share topped the $1.17 consensus estimate. The quarter represented another consecutive earnings beat and continued triple-digit growth. Credo Q1 2027 Earnings Call Transcript
• Positive Sentiment: Product expansion could increase Credo’s long-term market opportunity. The DustPhotonics acquisition, ZeroFlap Optics, silicon photonics, optical DSPs and PILOT telemetry broaden the company’s data-center connectivity offerings and could support future margin expansion. Credo Market Is Mispricing a $1 Trillion AI Infrastructure Catalyst
• Neutral Sentiment: Investors are weighing exceptional growth against execution risk. Analysts generally favor buying the pullback rather than chasing the stock, citing acquisition integration, valuation and the need for sustained AI-related demand. Credo: Buy the AI Connectivity Pullback, But Do Not Chase Blindly
• Negative Sentiment: Margin and cash-flow concerns are weighing on sentiment. The market appears to be interpreting GAAP margin compression and working-capital expansion as potential signs of near-term pressure, even though management and bullish analysts expect longer-term non-GAAP margin improvement. Credo’s high earnings multiple also leaves less room for disappointing guidance.

Credo Technology Group Company Profile

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.