Credo Technology CTO Chi Fung Cheng offloaded 3,790 shares after a post-earnings stock decline, though he retains a $1 billion stake in the semiconductor company.
CTO Chi Fung Cheng sold a small portion of his shares after a disappointing earnings report caused a stock price drop, suggesting potential short-term negative sentiment.
Credo Technology Group CTO Chi Fung Cheng sold 3,790 shares valued at approximately $644,300 on September 4, 2026. The transaction follows a recent earnings report that disappointed investors, causing the stock price to retreat from highs above $200. Despite the sale, Cheng maintains a significant $1 billion stake in the semiconductor firm, representing 3% of outstanding shares.
The sale was a discretionary transaction representing a negligible 0.06% of the CTO's total holdings. Cheng retains nearly 6 million shares, suggesting continued alignment with the company's long-term interests.