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Broadcom Inc (NASDAQ:AVGO) President and CEO Tan Hock E, has sold 148,514 shares of the company’s common stock at a price of $336.67 on September 10, 2025. The transaction amounted to $50,000,208. The sale comes as Broadcom’s stock trades near its 52-week high of $374.23, with the company showing impressive momentum, including an 87% return over the past six months. According to InvestingPro data, Broadcom commands a market capitalization of $1.72 trillion.
According to a Form 4/A filing with the Securities and Exchange Commission, the shares were sold. The filing indicates that following the transaction, Tan Hock E directly owns 482,836 shares and indirectly owns 825,638 shares through a trust.
This Form 4 amendment corrects an error in the prior filing to accurately reflect the number of shares contributed into an exchange fund.
In other recent news, Broadcom Limited has seen a series of positive developments following its latest earnings report. Mizuho raised its price target for Broadcom to $410, citing the company’s robust AI revenue outlook through fiscal years 2026 to 2028. Similarly, CFRA increased its price target to $380, highlighting the acceleration of Broadcom’s AI semiconductor business and the addition of a new customer expected to bring in $10 billion in sales. Truist Securities also lifted its price target to $365, noting a significant increase in Broadcom’s AI infrastructure backlog. Macquarie initiated coverage on Broadcom with an Outperform rating, emphasizing the company’s strong position in the growing ASIC market. Meanwhile, the semiconductor industry faces challenges as China launched investigations targeting the U.S. chip sector amid ongoing trade talks. This has affected several companies, including Texas Instruments, ON Semiconductor, NXP Semiconductors, Analog Devices, and Microchip Technology. These developments are noteworthy for investors keeping an eye on the semiconductor sector.
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