What This Billionaire Co-Founder's Credo Sale Signals With Shares Up 139%
The CTO of Credo Technology executed the sale through a pre-arranged trading plan.
Overview
Chi Fung Cheng, the chief technology officer at Credo Technology Group Holding Ltd (NASDAQ:CRDO), sold 27,500 shares on July 14, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($240.21); post-transaction value based on July 14, 2026 market close ($236.18).
Details
Credo Technology Group is a semiconductor specialist with a $42.3 billion market capitalization, generating $1.3 billion in TTM revenue with a net profit margin of approximately 36.3%. The company has established a competitive position through proprietary SerDes chiplet technology and integrated circuit solutions that address the growing demand for high-speed Ethernet connectivity in data center and telecommunications infrastructure applications.
Source
Originally published at www.fool.com.