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In a recent filing with the Securities and Exchange Commission, Lam Yat Tung, Chief Operating Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO), disclosed the sale of company shares totaling approximately $452,265. The transactions, executed on March 26, 2025, were carried out through multiple trades with prices ranging from $44.72 to $48.37 per share. The timing of these sales comes as CRDO’s stock has shown significant volatility, with a 100% return over the past year but a recent -8.4% decline in the past week. According to InvestingPro analysis, the company currently appears overvalued based on its Fair Value calculations.
The sales were conducted under a Rule 10b5-1 trading plan adopted by Lam Yat Tung on July 2, 2024. Following these transactions, Lam Yat Tung retains direct ownership of 2,802,447 shares, with an additional 1,000,000 shares held indirectly through Zhan BVI Co Ltd. The company maintains strong financial health with a current ratio of 7.67 and operates with minimal debt. InvestingPro subscribers can access 20+ additional insights about CRDO’s financial performance and future prospects through the comprehensive Pro Research Report.
In other recent news, Credo Technology Group Holding Ltd reported impressive financial results for the third quarter of fiscal year 2025, with earnings per share reaching $0.25, exceeding the forecast of $0.18. Revenue for the quarter was $135 million, surpassing the anticipated $120.29 million, reflecting a 154% year-over-year increase. Credo’s strong performance was driven by the ramp-up of their Advanced Electronic Components (AEC) program, contributing significantly to the revenue growth. Stifel analysts reiterated a Buy rating on Credo Technology, maintaining a price target of $85.00, citing the company’s ability to manage high-volume orders and a robust supply chain.
Additionally, Credo Technology announced changes to its board of directors, with William J. Brennan appointed as the new chairman. This reshuffling is part of the company’s strategic direction in the competitive semiconductor landscape. Meanwhile, Cantor Fitzgerald maintained a positive outlook on the semiconductor sector, highlighting Credo Technology among the top-performing companies. These developments indicate a strong trajectory for Credo Technology as it continues to navigate the market with a focus on AI connectivity and PCIe retimers.
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