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Broadcom (NASDAQ:AVGO), a semiconductor giant with a $1.58 trillion market cap and impressive 77% gross profit margins, saw its President and CEO Tan Hock E. sell 100,000 shares of the company’s common stock on September 23, 2025, for approximately $34 million. The sales were executed in two tranches, with prices ranging from $338.83 to $340.69 per share. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
The first sale involved 65,016 shares, with prices ranging from $338.83 to $339.82, resulting in a total value of $22,059,584. The second sale consisted of 34,984 shares, with prices ranging from $339.83 to $340.69, for a total value of $11,898,809.
Following these transactions, Tan Hock E. indirectly holds 725,638 shares through a trust, and directly owns 482,836 shares.
In other recent news, Broadcom Inc. has received several upgrades from major credit rating agencies. Fitch Ratings has upgraded Broadcom to ’BBB+’ with a positive outlook, citing the company’s focus on artificial intelligence (AI) semiconductor growth and successful integration of VMware Inc. Moody’s Ratings has also upgraded Broadcom’s senior unsecured rating to A3 from Baa1, highlighting the strengthening business profile driven by AI semiconductor revenues. Additionally, S&P Global Ratings upgraded Broadcom to ’A-’ due to stronger-than-anticipated AI growth, noting that AI semiconductor revenues now account for 57% of Broadcom’s total semiconductor sales in the third quarter of 2025.
Furthermore, Broadcom has expanded its partnership with Lloyds Banking Group to enhance the bank’s technology infrastructure. This multi-year agreement will involve the implementation of VMware Cloud Foundation and the continued use of Broadcom’s mainframe solutions. These developments reflect Broadcom’s strategic focus on AI and partnerships to strengthen its market position.
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