Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells CRDO Stock
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Gilbert Ray Cisneros Jr. (D)
- Status:
- Member — House
- Party:
- Democrat
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Jul 2, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Credo Technology Group Holding Ltd ($CRDO) | Sell | Jun 30, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document.
Key Points
- Democratic Representative Gilbert Ray Cisneros Jr. disclosed a sale of Credo Technology Group Holding Ltd shares valued between $1,001 and $15,000.
- Credo Technology provides high-speed connectivity solutions and recently reported trailing twelve month revenue of $1.59 billion.
- Analyst coverage shows a consensus strong buy recommendation with a mean price target of $279.09.
Since the trade, $CRDO is down 9.4% after 1 week, down 26.1% after 1 month and down 37.6% to date (from the $271.95 close on Jun 30, 2026).
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Representative Gilbert Ray Cisneros Jr., a Democrat serving in the House representing California's 31st district, disclosed a sale of stock in Credo Technology Group Holding Ltd $CRDO. According to a periodic transaction report filed under the STOCK Act on July 2, 2026, the trade took place on June 30, 2026.
CRDO
Credo Technology Group Holding Ltd
Inside the Congressional Trade
The disclosed transaction involved the sale of stock valued between $1,001 and $15,000. Because congressional stock disclosures report holdings and trades in broad dollar ranges rather than exact share counts or precise prices, the exact number of shares sold is not public. Credo Technology closed at $271.95 on the day of the trade.
Other Institutional Activity in Credo Technology Group Holding Ltd
Other large institutional investors adjusted their positions in the semiconductor firm during the same period. Point72 Asset Management, L.P. reduced its holdings by 1,326,061 shares, ending with 6,153,132 shares worth about $1.06 billion after a 17.7% decrease. Jennison Associates LLC grew its holdings by 2,408,197 shares, ending with 2,655,290 shares worth about $458.9 million following a 974.6% increase. Srs Investment Management, Llc grew its holdings by 67,910 shares, ending with 2,573,808 shares worth about $444.8 million after a 2.7% increase.
Credo Technology Group Holding Ltd Stock Up 1.0%
The shares recently traded around $171.42, which is below the closing price recorded at the time of the congressional trade. The stock has a trailing price-to-earnings ratio of 63.30 and a forward P/E of 18.42.
Recent Earnings
The firm generated $1.59 billion in trailing twelve month revenue alongside basic earnings of $2.82 per share. The company posted a net profit margin of 33.8% and a return on equity of 30.7%. Its next earnings report is scheduled for November 30, 2026.
Insider Buying and Selling at Credo Technology Group Holding Ltd
Company insiders executed several transactions following the trade date. Chief Financial Officer Daniel W Fleming disposed of 7,580 shares valued at $1.61 million on October 8, 2026. Director Pantas Sutardja sold 1,540 shares for $326,818.80 on October 12, 2026. Chief Technology Officer Cheng Chi Fung sold 3,790 shares valued at $764,954.65 on October 12, 2026, under a planned trading arrangement. Director Pantas Sutardja also sold 1,540 shares for $326,819.00 on October 12, 2026.
Analysts Set New Price Targets
Analyst firms have updated their outlooks on the semiconductor maker. Rosenblatt maintained a neutral rating with a $215.00 price target on August 24, 2026. JP Morgan maintained an overweight rating with a target of $310.00 on September 2, 2026. Evercore ISI Group maintained an outperform rating with a target of $292.00 on September 2, 2026. Rosenblatt maintained a neutral rating with a target of $235.00 on September 2, 2026. B of A Securities maintained a buy rating with a target of $275.00 on September 2, 2026. Overall, the stock carries a consensus recommendation of strong buy from 20 analysts.
About Credo Technology Group Holding Ltd
Credo Technology Group Holding Ltd designs and supplies high-speed connectivity solutions used in optical and electrical Ethernet and PCIe network applications. The firm serves markets across the United States, Taiwan, China, and Hong Kong to support data infrastructure needs. Congressional disclosures of company shares offer visibility into portfolio adjustments made by lawmakers while they carry out their legislative duties.
Bottom Line
Congressional stock trades provide a window into the personal financial portfolios of elected officials. Investors tracking these disclosures typically watch upcoming legislative committee assignments and future periodic transaction reports for additional activity.
Related Filing Alerts
Source: Gilbert Ray Cisneros Jr.'s STOCK Act disclosure on $CRDO (Jun 30, 2026). Written by software, not financial advice. How we make alerts