Credo Technology Co-Founder and CTO Sells Nearly 4,000 Shares Worth Over $600,000 Amid a 27% One-Year Return
Key PointsThe direct sale of 3,790 shares realized $644,300 at a weighted average price of $170.00 per share.
In a recent filing with the SEC, Chi Fung Lawrence Cheng, the co-founder and Chief Technology Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), disclosed the sale of 3,790 shares of ordinary stock. The transaction, which took place on September 4, 2026, resulted in a sale value of $645,000, based on a weighted average sale price of $170.00 per share. As of the September 4, 2026 market close, the post-transaction value of the shares was $646,000, calculated at a price of $170.57 per share.
Credo Technology Group, a semiconductor specialist with a market capitalization of $31.8 billion, is making waves in the high-speed connectivity market with its innovative SerDes chiplet technology and integrated circuit offerings. These technologies are essential components in the development of optical and electrical Ethernet infrastructure, catering to the growing demand for data centers and cloud computing solutions.
The company's focus on profitability and operational leverage in its core semiconductor segment has positioned it as a key player in this rapidly expanding industry.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
