Credo Technology (CRDO) CTO Cheng Chi Fung Sells $5.3M of Stock

Cheng Chi Fung, the Chief Technology Officer of Credo Technology Group Holding Ltd (NasdaqGS: CRDO), sold 27,500 shares on October 13, 2026, valued at approximately $5.3 million. This transaction comes as the stock trades at $171.42, significantly lower than its 52-week high of $308.67.

Inside Cheng Chi Fung's Trade

Fung's sale was planned and took place at an average price of around $192.99 per share. This recent transaction adds to his previous sale on October 6, where he sold 27,500 shares for about $6.1 million. Overall, Fung has now sold a total of 31,290 shares in just a week, demonstrating a notable pattern of selling.

Other Institutional Activity in Credo Technology Group

Several notable institutional investors have adjusted their positions in Credo Technology. BlackRock Inc. reduced its holdings by 2,059,198 shares, ending with 17,759,842 shares valued at approximately $3.04 billion. Vanguard Portfolio Management LLC also decreased its stake by 775,674 shares, bringing its total to 8,222,867 shares worth about $1.41 billion. Meanwhile, Vanguard Capital Management LLC added 205,469 shares, increasing its total to 7,440,285 shares valued at around $1.27 billion.

Credo Technology Group Holding Ltd Stock Down 4.4%

Currently, shares of Credo Technology are trading at $171.42, which is quite a distance from their 200-day moving average of $179.89. The stock is also well below its previous close of $179.23, indicating a challenging market environment.

Recent Earnings

In its latest earnings report, Credo Technology posted revenue of approximately $1.59 billion, reflecting a 14.7% growth year-over-year. The company achieved an earnings per share (EPS) of $2.82 and a net margin of about 33.8%. The next earnings report is scheduled for November 30, 2026, which may provide further insights into its financial health.

Insider Buying and Selling at Credo Technology Group Holding Ltd

In addition to Cheng Chi Fung's recent transactions, other insiders have also sold shares recently. On October 12, Director Sutardja Pantas sold 1,540 shares at $212.22, worth about $326,819. Chief Financial Officer Fleming Daniel W. sold 7,580 shares on October 8, generating around $1.61 million. These sales highlight a trend among company executives to liquidate portions of their holdings.

Analysts Set New Price Targets

Analysts have maintained positive ratings for Credo Technology Group, with Rosenblatt maintaining a Neutral rating and a price target of $235. On October 5, Stifel upheld a Buy rating with a target of $310, although it was a reduction from a prior target of $350. Mizuho has an Outperform rating with a target of $245, while JP Morgan and Evercore ISI Group both maintain Overweight and Outperform ratings, respectively.

About Credo Technology Group

Credo Technology Group Holding Ltd specializes in high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. Operating primarily in North America and Asia, the company has established itself in the semiconductor industry, experiencing significant growth in revenue over the past year.

Bottom Line

Investors should keep an eye on Credo Technology's upcoming earnings report on November 30, 2026, for more insights into its performance. The recent insider sales may also signal shifting dynamics within the company, even as analysts remain generally optimistic about its future prospects.