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Broadcom Inc. (NASDAQ:AVGO) President and CEO Tan Hock E, has sold 40,000 shares of the company’s common stock on June 26, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $268.22 to $268.61, with an average price of $268.293, for a total transaction value of $10,731,720. The sale comes as Broadcom’s stock trades near its 52-week high, with the company showing impressive 70% returns over the past year and maintaining a market capitalization of $1.3 trillion.
Following the transaction, Tan Hock E directly owns 482,836 shares of Broadcom Inc. Also, Tan Hock E indirectly owns 974,152 shares through a trust. According to InvestingPro, Broadcom maintains excellent financial health with strong gross profit margins of 77% and consistent dividend payments. The stock currently appears overvalued based on InvestingPro’s Fair Value analysis, with 18 additional key insights available to subscribers.
In other recent news, Broadcom reported quarterly earnings of $15.0 billion, meeting analysts’ expectations. The company’s semiconductor sales reached $8.4 billion, while software revenue stood at $6.6 billion. Analysts from Bernstein SocGen Group have raised Broadcom’s stock price target to $295, maintaining an Outperform rating, following the strong performance in both its semiconductor and software divisions. TD Cowen analysts also increased their price target to $290, highlighting a projected 60% growth in Broadcom’s AI segment for fiscal year 2026. Similarly, Rosenblatt analysts lifted their price target to $340, noting a 46% quarter-over-quarter increase in AI revenue and Broadcom’s strong custom ASIC capabilities. Citi analysts raised their price target to $285, maintaining a Buy rating, despite mixed results and guidance in Broadcom’s recent earnings report. Broadcom’s AI segment is expected to grow 60% year-over-year in fiscal 2025 and 2026, driven by increased adoption. Additionally, Broadcom announced the release of VMware Cloud Foundation 9.0, enhancing its private cloud capabilities and integrating VMware products following its acquisition.
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