Credo Technology Group (NASDAQ:CRDO) CTO Sells $3,251,875.00 in Stock

Key Points

• CTO Chi Fung Cheng sold $3,251,875 worth of stock (27,500 shares) on April 10 under a pre‑arranged Rule 10b5‑1 plan; he still owns 6,134,870 shares (~$725M), representing a 0.45% reduction in his position.
• Shares rallied 18.6% to $159.37 on heavy volume after Credo announced a ~$750M acquisition of DustPhotonics and received analyst upgrades, driving strong investor interest in its AI‑connectivity exposure.
• Credo posted a strong quarter (EPS $1.07 vs. $0.78 expected and revenue up 201.5% YoY), but the stock trades at a high P/E (~88.5) and faces execution and margin risks from integrating DustPhotonics.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) CTO Chi Fung Cheng sold 27,500 shares of the company's stock in a transaction on Friday, April 10th. The shares were sold at an average price of $118.25, for a total transaction of $3,251,875.00. Following the completion of the sale, the chief technology officer owned 6,134,870 shares of the company's stock, valued at approximately $725,448,377.50. This represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $103.19, for a total transaction of $2,837,725.00.
• On Sunday, April 5th, Chi Fung Cheng sold 2,434 shares of Credo Technology Group stock. The shares were sold at an average price of $101.45, for a total transaction of $246,929.30.
• On Tuesday, March 31st, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $91.28, for a total transaction of $2,510,200.00.
• On Tuesday, March 24th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $100.67, for a total transaction of $2,768,425.00.
• On Tuesday, March 17th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $107.90, for a total transaction of $2,967,250.00.
• On Wednesday, March 11th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $117.60, for a total transaction of $3,234,000.00.
• On Thursday, January 29th, Chi Fung Cheng sold 27,500 shares of Credo Technology Group stock. The shares were sold at an average price of $127.37, for a total transaction of $3,502,675.00.
• On Thursday, January 22nd, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $136.33, for a total transaction of $4,089,900.00.
• On Thursday, January 15th, Chi Fung Cheng sold 30,000 shares of Credo Technology Group stock. The shares were sold at an average price of $155.47, for a total transaction of $4,664,100.00.

Credo Technology Group Stock Up 18.6%

Shares of CRDO traded up $25.01 during trading hours on Tuesday, reaching $159.37. The stock had a trading volume of 18,435,603 shares, compared to its average volume of 7,217,549. Credo Technology Group Holding Ltd. has a 52 week low of $33.04 and a 52 week high of $213.80. The firm has a 50-day moving average of $111.60 and a 200 day moving average of $136.70. The company has a market cap of $29.40 billion, a P/E ratio of 88.54 and a beta of 2.72.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.29. Credo Technology Group had a net margin of 31.81% and a return on equity of 29.63%. The business had revenue of $407.01 million during the quarter, compared to analysts' expectations of $385.94 million. During the same quarter in the prior year, the company earned $0.25 EPS. The firm's quarterly revenue was up 201.5% on a year-over-year basis. As a group, equities analysts expect that Credo Technology Group Holding Ltd. will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Credo Technology Group

A number of large investors have recently modified their holdings of CRDO. Corient Private Wealth LLC boosted its stake in shares of Credo Technology Group by 239,024.5% during the 4th quarter. Corient Private Wealth LLC now owns 3,598,823 shares of the company's stock worth $517,835,000 after buying an additional 3,597,318 shares during the last quarter. Amundi boosted its stake in shares of Credo Technology Group by 28,478.2% during the 4th quarter. Amundi now owns 1,559,796 shares of the company's stock worth $224,439,000 after buying an additional 1,554,338 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Credo Technology Group by 841.9% during the 4th quarter. Janus Henderson Group PLC now owns 1,591,348 shares of the company's stock worth $228,979,000 after buying an additional 1,422,391 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Credo Technology Group by 161.5% during the 3rd quarter. Bank of America Corp DE now owns 2,278,073 shares of the company's stock worth $331,710,000 after buying an additional 1,406,752 shares during the last quarter. Finally, Rafferty Asset Management LLC acquired a new position in shares of Credo Technology Group during the 3rd quarter worth about $183,553,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Credo Technology Group News Roundup

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

• Positive Sentiment: Acquisition: Credo agreed to buy DustPhotonics for roughly $750M to add silicon‑photonics and optical transceiver capabilities, expanding Credo’s addressable market into optical connectivity for AI data centers — a clear growth vector that drove the rally. Credo Stock Jumps Again -- $750 Million DustPhotonics Deal Fuels Rally
• Positive Sentiment: Company release: The official BusinessWire announcement frames the deal as accelerating Credo into next‑generation optical connectivity, supporting the narrative of durable AI-related demand. Credo Agrees to Acquire DustPhotonics
• Positive Sentiment: Analyst support: Jefferies initiated coverage with a Buy and $175 target, arguing Credo is an underappreciated AI‑infrastructure play; other outlets note analysts see upside from connecting servers for AI workloads. Credo soars 15% as analysts flag ‘significant disconnect’
• Neutral Sentiment: Market reaction &flow: Heavy options and share volume on the news indicate speculative and directional trading interest, amplifying intraday moves but also increasing short‑term volatility. Credo to Buy DustPhotonics. Why the Stock Is Up 20%.
• Neutral Sentiment: Conference/call transparency: An M&A call transcript is available for investors who want details on purchase rationale, integration plan and financial assumptions. Credo Technology Group Holding Ltd (CRDO) DustPhotonics Ltd - M&A Call Transcript
• Neutral Sentiment: Macro backdrop: Broader risk‑on market moves (Nasdaq strength after inflation data) likely helped tech stocks, adding momentum to Credo’s announcement‑driven move. Stock Market Today: Nasdaq Leads After Inflation Report
• Negative Sentiment: Execution & financial risk: Analysts and articles note risks — integration of DustPhotonics, potential margin pressure, customer concentration and a premium valuation (high PE) — which could temper gains if synergies miss expectations. Credo Stock Is On a Roll. Why This AI Deal Can Extend the Rally.

Analyst Ratings Changes

CRDO has been the subject of a number of research analyst reports. Roth Mkm reduced their target price on shares of Credo Technology Group from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Zacks Research raised shares of Credo Technology Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 3rd. Barclays reaffirmed an "overweight" rating and issued a $260.00 target price on shares of Credo Technology Group in a research note on Thursday, January 15th. The Goldman Sachs Group set a $165.00 target price on shares of Credo Technology Group and gave the stock a "buy" rating in a research note on Thursday, February 19th. Finally, Susquehanna reduced their target price on shares of Credo Technology Group from $230.00 to $170.00 and set a "positive" rating for the company in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Credo Technology Group currently has a consensus rating of "Buy" and an average price target of $204.38.

About Credo Technology Group

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.

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