Credo Technology (CRDO) CTO Chi Fung Cheng Sells $4.7M of Stock
Key Points
- Credo Technology Group Holding Ltd Chief Technology Officer Chi Fung Cheng sold 27,500 shares on October 20, 2026, for about $4.75 million.
- After the trade, Chi Fung Cheng indirectly holds 5,579,897 $CRDO shares, down 0.49% from before the trade.
- The stock closed at $171.51 on the day of the trade and recently traded around $162.61.
- Wall Street analysts maintain a strong buy consensus rating on the stock with a mean price target of $279.09 ahead of November 30 earnings.
Since the trade, $CRDO is down 5.1% to date (from the $171.51 close on Oct 20, 2026).
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Credo Technology Group Holding Ltd Chief Technology Officer Chi Fung Cheng sold 27,500 shares on October 20, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan.
CRDO
Credo Technology Group Holding Ltd
Inside Chi Fung Cheng's Credo Technology Trade
The chief technology officer executed the sale at an average price of $172.62, bringing the total value of the transaction to $4,747,113.25. Following the sale, Cheng directly holds 5,579,897 shares of the semiconductor company, which amounts to a 0.49% decrease in the officer's direct holdings. Credo shares closed at $171.51 on the day of the trade.
Other Institutional Activity in Credo Technology
Large investors continue to adjust their holdings in the semiconductor firm. Point72 Asset Management, L.P. trimmed its stake by 1,326,061 shares, ending with 6,153,132 shares worth about $1,001,545,321. Jennison Associates LLC grew its holdings by 2,408,197 shares, ending with 2,655,290 shares worth about $432,201,564. Srs Investment Management, Llc added 67,910 shares, wrapping up the period with 2,573,808 shares valued at approximately $418,938,739. Swedbank reduced its stake by 511,640 shares to hold 1,551,139 shares worth $469,250,553. Trexquant Investment opened a new position with 279,322 shares valued at about $75,961,621.
Credo Technology Group Holding Ltd Stock Down 5.2%
The stock recently traded around $162.61, sitting below its 50-day moving average of $201.80 and its 200-day moving average of $180.68. The shares have traded in a 52-week range between $86.49 and $308.67.
Recent Earnings
The company generated $1.59 billion in trailing-twelve-month revenue alongside earnings of $2.82 per share. The firm is scheduled to release its next financial results on November 30, 2026.
Insider Buying and Selling at Credo Technology Group Holding Ltd
Executive and director selling has been active leading up to this transaction. Director Pantas Sutardja sold 1,540 shares on October 12, 2026, at an average price of $212.22 for a total value of $326,818.80. Chi Fung Cheng previously sold 3,790 shares on October 12, 2026, at $201.84 per share totaling $764,954.65, and another 27,500 shares on October 13, 2026, at $192.99 per share for $5,307,354.25. President and Chief Executive Officer William Joseph Brennan sold 16,666 shares on October 19, 2026, at an average price of $174.87 for a total of $2,914,305.09. All of these recent transactions were carried out under planned trading arrangements.
Analysts Set New Price Targets
Wall Street research firms continue to evaluate the company. JP Morgan maintains an Overweight rating with a $310.00 price target, down from $335.00, in a report from September 2, 2026. Evercore ISI Group maintains an Outperform rating with a price target lowered from $325.00 to $292.00 on September 2, 2026. Mizuho maintains an Outperform rating with a target moved from $290.00 to $245.00 on September 21, 2026. Stifel maintains a Buy rating with a price target adjusted from $350.00 to $310.00 on October 5, 2026. Rosenblatt maintains a Neutral rating with a $235.00 price target on October 15, 2026.
About Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd designs high-speed connectivity chips and related products used in optical and electrical Ethernet and PCIe networks. Its technology helps data centers move large volumes of data faster and more efficiently, supporting growing demands for cloud computing and artificial intelligence infrastructure. Leadership trades are monitored closely by market participants to gauge insider sentiment ahead of upcoming financial reports.
Bottom Line
Investors will look toward the company's next earnings report on November 30, 2026, for updated guidance. Insider transactions filed on Form 4 reflect planned sales by executives and directors.
Related Filing Alerts
Source: Chi Fung Cheng's Form 4 filing on $CRDO (Oct 20, 2026). Written by software, not financial advice. How we make alerts