Credo Technology (CRDO) CTO Cheng Chi Fung Sells $765K of Stock

Cheng Chi Fung, the Chief Technology Officer of Credo Technology Group Holding Ltd, sold 3,790 shares on October 12, 2026, for a total of $764,954.65. The shares were sold at a price of $201.84 each. This transaction was planned in advance.

Inside Cheng Chi Fung's Trade

Cheng Chi Fung's recent sale adds to a pattern of insider transactions at Credo Technology. His latest sale comes as the stock trades significantly below its recent highs, reflecting the current market conditions.

Other Institutional Activity in Credo Technology Group

Several institutional investors have adjusted their positions in Credo Technology. Blackrock Inc. reduced its stake by 2,059,198 shares, now holding 17,759,842 shares valued at about $3.01 billion. Vanguard Portfolio Management LLC also trimmed its holdings by 775,674 shares, ending with 8,222,867 shares worth around $1.40 billion. Point72 Asset Management, L.P. decreased its position by 1,326,061 shares, now owning 6,153,132 shares valued at about $1.04 billion.

Credo Technology Group Holding Ltd Stock Down 4.4%

As of October 16, 2026, Credo Technology's shares were recently trading around $171.42. This price is about 44.5% below its 52-week high of $308.67. The stock is also trading 17.6% below its 50-day moving average of $208.16, indicating a weaker performance compared to its past trading patterns.

Recent Earnings

In its latest earnings report, Credo Technology announced trailing twelve-month revenue of approximately $1.59 billion, with a net margin of 33.8%. The company is scheduled to report its next earnings on November 30, 2026.

Insider Buying and Selling at Credo Technology Group Holding Ltd

On October 1, 2026, James L Laufman, an officer, sold 5,000 shares at $205.00, totaling $1,025,000. Earlier, on October 6, Cheng Chi Fung sold 27,500 shares, valued at about $6.09 million. Additionally, Daniel W Fleming, the Chief Financial Officer, sold 7,580 shares on October 8, valued at approximately $1.61 million. On the same day as Cheng Chi Fung's recent sale, Director Pantas Sutardja sold 1,540 shares at a price of $212.22, totaling roughly $326,819.

Analysts Set New Price Targets

Analysts have maintained their ratings on Credo Technology Group. On September 2, JP Morgan maintained an Overweight rating with a target of $310. Evercore ISI Group also kept an Outperform rating, now targeting $292. The consensus among analysts suggests a strong buy with a mean price target of $279.09, reflecting optimism about the company's future performance.

About Credo Technology Group

Credo Technology Group Holding Ltd specializes in high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications. The company operates in various markets, including the United States, Taiwan, and Mainland China. The recent insider trades indicate ongoing strategic adjustments as the firm navigates current market conditions.

Bottom Line

Investors should watch for the upcoming earnings report on November 30, 2026, for further insights into the company's performance. Cheng Chi Fung's recent sale fits into a broader trend of insider selling at Credo Technology, which may reflect individual strategies rather than the overall health of the company.