Credo Technology Group (NASDAQ:CRDO) Stock Sold Rep. Gilbert Ray Cisneros, Jr.

Key Points

• Rep. Gilbert Cisneros sold $1,001–$15,000 of Credo Technology Group (CRDO) on July 2, according to a disclosure filed September 4.
• Credo reported strong quarterly results, with EPS of $1.20 and revenue of $479 million, representing 114.7% year-over-year revenue growth and exceeding analyst estimates.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $267.39, while institutional investors own 80.46% of the company; shares opened at $170.57 and have traded between $86.49 and $308.67 over the past year.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Credo Technology Group Holding Ltd. (NASDAQ:CRDO). In a filing disclosed on September 04th, the Representative disclosed that they had sold between $1,001 and $15,000 in Credo Technology Group stock on July 2nd. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Mesabi Trust NYSE: MSB on 7/31/2026.
• Purchased $1,001 - $15,000 in shares of Praxis Precision Medicines NASDAQ: PRAX on 7/30/2026.
• Purchased $15,001 - $50,000 in shares of Alkermes NASDAQ: ALKS on 7/30/2026.
• Sold $15,001 - $50,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 7/30/2026.
• Sold $100,001 - $250,000 in shares of Alibaba Group NYSE: BABA on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Glacier Bancorp NYSE: GBCI on 7/21/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 7/21/2026.

Credo Technology Group Price Performance

Shares of Credo Technology Group stock opened at $170.57 on Tuesday. Credo Technology Group Holding Ltd. has a 1-year low of $86.49 and a 1-year high of $308.67. The company has a market capitalization of $32.06 billion, a PE ratio of 60.70, a P/E/G ratio of 0.68 and a beta of 3.22. The business has a 50-day moving average of $228.81 and a 200-day moving average of $189.80.

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

Institutional Investors Weigh In On Credo Technology Group

A number of hedge funds have recently made changes to their positions in CRDO. Reflection Asset Management bought a new stake in Credo Technology Group during the 4th quarter valued at $25,000. Acumen Wealth Advisors LLC acquired a new position in shares of Credo Technology Group during the fourth quarter valued at $25,000. Orion Capital Management LLC bought a new stake in shares of Credo Technology Group during the second quarter valued at about $27,000. AlphaCentric Advisors LLC bought a new stake in shares of Credo Technology Group during the first quarter valued at about $33,000. Finally, Van ECK Associates Corp acquired a new stake in Credo Technology Group in the fourth quarter worth about $37,000. Institutional investors own 80.46% of the company's stock.

Analyst Ratings Changes

CRDO has been the subject of a number of research analyst reports. Susquehanna lifted their price target on shares of Credo Technology Group from $235.00 to $250.00 and gave the stock a "positive" rating in a research note on Tuesday, July 21st. TD Cowen increased their price objective 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. Weiss Ratings lowered shares of Credo Technology Group from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Evercore set a $292.00 target price on shares of Credo Technology Group in a research report on Wednesday, September 2nd. Finally, Rosenblatt Securities upped their target price on shares of Credo Technology Group from $215.00 to $235.00 and gave the company a "neutral" rating in a research note on Wednesday, September 2nd. One research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $267.39.

Insider Buying and Selling at Credo Technology Group

In related news, CTO Chi Cheng sold 27,500 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $259.53, for a total transaction of $7,137,075.00. Following the transaction, the chief technology officer owned 5,992,370 shares in the company, valued at $1,555,199,786.10. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Daniel W. Fleming sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $249.48, for a total value of $9,979,200.00. Following the sale, the chief financial officer directly owned 501,873 shares in the company, valued at approximately $125,207,276.04. The trade was a 7.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 376,784 shares of company stock valued at $88,299,791. Company insiders own 9.06% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.