Credo Technology Group (NASDAQ:CRDO) COO Yat Tung Lam Sells 50,000 Shares of Stock

October 3, 2026 by InsiderTrades.com

Key Points

COO Yat Tung Lam sold 50,000 Credo shares for approximately $10.3 million at an average price of $205.22. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, and Lam retained 2.25 million shares.
Credo reported strong quarterly results, with revenue up 114.7% year over year to $479 million and earnings of $1.20 per share versus the $1.17 consensus estimate.
Shares opened at $218.64, while analysts maintained a favorable “Moderate Buy” consensus and an average price target of $264.89. However, the stock’s valuation is elevated, with a P/E ratio near 78 and significant volatility.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Get Free Report) COO Yat Lam sold 50,000 shares of Credo Technology Group stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $205.22, for a total value of $10,261,000.00. Following the completion of the transaction, the chief operating officer owned 2,254,169 shares in the company, valued at $462,600,562.18. The trade was a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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Yat Tung Lam also recently made the following trade(s):

On Friday, September 25th, Yat Lam sold 50,000 shares of Credo Technology Group stock. The stock was sold at an average price of $206.30, for a total value of $10,315,000.00.
On Friday, July 31st, Yat Lam sold 50,000 shares of Credo Technology Group stock. The shares were sold at an average price of $213.33, for a total value of $10,666,500.00.
On Friday, July 31st, Yat Lam sold 55,441 shares of Credo Technology Group stock. The shares were sold at an average price of $213.02, for a total value of $11,810,041.82.

Credo Technology Group Stock Up 4.0%

Shares of NASDAQ CRDO opened at $218.64 on Friday. Credo Technology Group Holding Ltd. has a 12 month low of $86.49 and a 12 month high of $308.67. The company has a market cap of $41.09 billion, a P/E ratio of 77.81, a P/E/G ratio of 0.84 and a beta of 3.25. The business's 50 day moving average is $207.21 and its two-hundred day moving average is $198.01.

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Credo Technology Group (NASDAQ:CRDO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $479.00 million during the quarter, compared to analysts' expectations of $473.30 million. Credo Technology Group had a return on equity of 28.77% and a net margin of 33.83%.Credo Technology Group's revenue for the quarter was up 114.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. Sell-side analysts expect that Credo Technology Group Holding Ltd. will post 5.02 earnings per share for the current fiscal year.

Credo Technology Group News Summary

Here are the key news stories impacting Credo Technology Group this week:

Positive Sentiment: Investors are increasingly focused on the next phase of AI spending: the networking, cabling and optical-connectivity components required to link large data-center clusters. Credo’s revenue recently rose 114.7% year over year to $479 million, while earnings exceeded analyst expectations. AI Spending Is Entering Its Next Phase
Positive Sentiment: The weaker employment backdrop is helping growth-oriented technology shares, including Credo, because potentially lower interest rates can increase the value investors assign to future earnings. Why Credo Technology Stock Is Surging on an Unemployment Jump
Positive Sentiment: Sell-side sentiment remains favorable, with Credo carrying a “Moderate Buy” consensus rating and an average price target of $264.89. Recent coverage also points to strong momentum after the latest earnings report. Credo Stock Rated Moderate Buy
Neutral Sentiment: COO Yat Lam sold 50,000 shares for about $10.3 million, while CTO Chi Cheng sold 27,500 shares for approximately $5.3 million. Both transactions were made under pre-arranged Rule 10b5-1 plans; Lam’s sale covered tax withholding tied to equity vesting, and the executives retain substantial holdings. Credo Insider Sale Filing
Negative Sentiment: Credo’s valuation remains demanding, with a P/E ratio near 78 and substantial volatility. Additional insider selling, including a recent CEO disposition, could weigh on sentiment if investors become concerned that expectations for AI-driven growth are already reflected in the stock. Credo CEO Sells Company Shares

Analyst Upgrades and Downgrades

Credo Technology Just Plunged 20%—Did the Market Overreact?

A number of research firms recently weighed in on CRDO. Zacks Research downgraded Credo Technology Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Rosenblatt Securities upped their price target on Credo Technology Group from $215.00 to $235.00 and gave the company a "neutral" rating in a report on Wednesday, September 2nd. Evercore set a $292.00 price objective on Credo Technology Group in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. decreased their price objective on Credo Technology Group from $335.00 to $310.00 and set an "overweight" rating on the stock in a report on Wednesday, September 2nd. Finally, Stifel Nicolaus upped their target price on Credo Technology Group from $250.00 to $350.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Credo Technology Group presently has an average rating of "Moderate Buy" and an average price target of $264.89.

Read Our Latest Report on Credo Technology Group

Institutional Trading of Credo Technology Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Orion Capital Management LLC acquired a new stake in Credo Technology Group during the second quarter valued at approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Credo Technology Group in the 3rd quarter worth approximately $33,000. Reflection Asset Management acquired a new position in shares of Credo Technology Group in the 4th quarter worth approximately $25,000. AlphaCentric Advisors LLC acquired a new position in shares of Credo Technology Group in the 1st quarter worth approximately $33,000. Finally, MCF Advisors LLC lifted its position in shares of Credo Technology Group by 309.9% during the 4th quarter. MCF Advisors LLC now owns 373 shares of the company's stock worth $54,000 after buying an additional 282 shares during the period. Institutional investors own 80.46% of the company's stock.

Credo Technology Group Company Profile

(Get Free Report)

Credo Technology Group Holding Ltd. develops high-speed connectivity solutions for data infrastructure. Its technologies are designed to improve the performance, power efficiency and reliability of connections used in cloud computing, artificial intelligence, high-performance computing, telecommunications and enterprise networks.

The company's product portfolio includes serializer/deserializer (SerDes) intellectual property, integrated circuits, active electrical cables and optical connectivity products.