Credo Technology COO Lam Yat Tung sells $13.5 million in shares

Credo Technology Group Holding Ltd (NASDAQ:CRDO) Chief Operating Officer Lam Yat Tung, sold 81,990 ordinary shares on October 29, 2025, according to a new SEC filing. The sales, conducted under a prearranged 10b5-1 trading plan, generated $13,541,967. Shares were sold in multiple transactions at prices ranging from $165.6054 to $171.5845. The stock has since climbed to $187.62, continuing its remarkable 354.96% surge over the past year. InvestingPro analysis indicates CRDO is trading significantly above its Fair Value, with the stock currently near its 52-week high.

The transactions involved sales of ordinary shares held indirectly by Zhan BVI Co Ltd. The sales prices were: 2,100 shares at $165.6054, totaling $347,771.34; 6,280 shares at $166.8178, totaling $1,047,545.78; 14,343 shares at $167.8028, totaling $2,406,844.31; 15,466 shares at $168.7922, totaling $2,600,546.97; 19,164 shares at $169.8136, totaling $3,254,232.19; 12,675 shares at $170.7216, totaling $2,163,825.36; and 9,972 shares at $171.5845, totaling $1,711,001.36.

Following these transactions, Lam Yat Tung indirectly holds 770,000 shares through Zhan BVI Co Ltd, 125,000 shares through EZ Trust and directly holds 2,622,055 shares. InvestingPro data shows CRDO has impressive gross profit margins of 65.98% and strong growth potential, with analysts expecting increased net income this year. The company’s market cap now stands at $28.82B with a P/E ratio of 209.22. Get access to CRDO’s comprehensive Pro Research Report, part of the deep-dive analysis available for 1,400+ US equities on InvestingPro.

In other recent news, Credo Technology Group Holding Ltd announced the appointment of Brian Kelleher to its Board of Directors. Kelleher, who previously served as Senior Vice President of GPU Engineering at NVIDIA, brings significant expertise in chip design and artificial intelligence systems. Additionally, Credo held its 2025 Annual General Meeting, where shareholders elected three Class I directors to serve until the 2028 Annual General Meeting. The elected directors are William J. Brennan, Yat Tung Lam, and Chi Fung Cheng. In a strategic move, Credo joined the Arm Total Design ecosystem, enhancing its portfolio with high-speed SerDes and mixed-signal DSP IP, which supports the development of next-generation AI and cloud computing solutions. Stifel has reiterated its Buy rating and $160 price target for Credo, emphasizing the company’s new ZeroFlap optical transceiver product line. This product line supports network speeds of up to 1.6T and extends Credo’s ZF reliability architecture. Stifel also pointed out the accelerating revenue momentum from Credo’s Active Electrical Cable (AEC) products as a near-term business focus.

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