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Credo Technology Group Holding Ltd (NASDAQ:CRDO) Chief Technology Officer Cheng Chi Fung, through the Cheng Huang Family Trust, sold 53,700 ordinary shares on July 14, 2025, for approximately $5.4 million. The sale comes as CRDO trades near its 52-week high of $103.38, having delivered an impressive 199% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with multiple valuation metrics suggesting rich pricing levels. The sales were executed in multiple trades with prices ranging from $95.2363 to $99.9989.
The transactions were executed under a Rule 10b5-1 trading plan adopted by the Cheng Huang Family Trust on September 6, 2024. Following the transactions, the Cheng Huang Family Trust indirectly holds 7,273,961 ordinary shares. Additionally, Mr. Cheng directly holds 116,890 ordinary shares.
In other recent news, Credo Technology Group Holding Ltd. reported a 25.9% quarter-over-quarter increase in revenue, surpassing previous estimates by 6.3%, with non-GAAP earnings per share reaching $0.35, exceeding expectations by $0.08. The company’s revenue guidance midpoint is set at $190 million, indicating an 11.7% quarter-over-quarter growth. Analysts from Stifel raised their price target for Credo Technology to $80, maintaining a Buy rating due to the company’s strong financial performance and optimistic outlook. Similarly, TD Cowen increased its price target to $95, citing significant growth potential in high-speed connectivity for data center AI applications. Mizuho (NYSE:MFG) also raised its price target to $98, maintaining an Outperform rating, and noted Credo’s technical advantages in PCIe Scale Up cables. Noble Capital reaffirmed its Outperform rating with a price target of $14, highlighting Credo’s compelling valuation compared to industry peers. Analysts have noted Credo’s leadership in AI and data center connectivity, with a focus on advancing technologies such as SerDes and PCIe Gen 5/6 retimers. Overall, these developments reflect positive analyst sentiment and strong growth prospects for Credo Technology.
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