Broadcom (AVGO) director Page sells $280k in shares

Director Justine Page of Broadcom Inc. (NASDAQ:AVGO), a semiconductor giant with a market capitalization of $1.67 trillion, sold 800 shares of common stock on October 14, 2025, at a price of $350.15, for a total transaction value of $280,120. The transaction occurs as Broadcom trades near its 52-week high of $374.23, having delivered an impressive 102% return over the past year.

Following the transaction, Page directly owns 22,182 shares of Broadcom, including 1,602 restricted stock units. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 9, 2025. According to InvestingPro, Broadcom maintains a "GREAT" financial health score and has raised its dividend for 15 consecutive years. For deeper insights into Broadcom’s valuation and 18 additional exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Broadcom has announced a strategic partnership with OpenAI to deploy 10GW of custom AI accelerators by the end of 2029, a move that has prompted several analysts to adjust their outlook on the company. Evercore ISI raised its price target for Broadcom to $403, citing the potential for an increase in the company’s earnings per share due to this deal. UBS also increased its price target to $415, reflecting updated estimates based on the partnership and supply chain considerations. Additionally, Oppenheimer reiterated its Outperform rating with a price target of $360 following the announcement.

In another development, Broadcom introduced the Thor Ultra, the industry’s first 800G AI Ethernet Network Interface Card, designed to enhance large-scale AI workloads. Bernstein has maintained its Outperform rating on Broadcom, noting the potential for positive earnings revisions due to AI revenue growth, despite possible margin adjustments. These updates highlight the company’s strategic focus on AI, which is drawing attention from analysts and investors alike.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.