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Henry Samueli, a director at Broadcom Inc. (NASDAQ:AVGO), recently sold a significant portion of his holdings in the company. According to a regulatory filing, Samueli sold a total of 673,046 shares on March 26, 2025. The sale, which occurred at prices ranging from $178.36 to $187.79 per share, amounted to approximately $120.6 million. The transaction comes as Broadcom, currently valued at $808.7 billion, maintains a "GOOD" financial health score according to InvestingPro analysis.
Following these transactions, Samueli’s remaining stake in Broadcom stands at 38,662,473 shares. The sales were executed under a prearranged trading plan, as indicated in the filing. The stock has experienced a notable decline of 10.26% over the past week, though analysts maintain a strong buy consensus with a high price target of $300.
Broadcom, a major player in the semiconductor industry, continues to attract investor attention with its strategic moves and market performance. With impressive gross profit margins of 76.26% and a 15-year track record of consecutive dividend increases, the company demonstrates strong operational efficiency. For deeper insights into Broadcom’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Broadcom’s AI revenue surged to $4.1 billion in the first quarter of 2025, marking a 77% increase compared to the previous year, exceeding its own target of $3.8 billion. This growth was largely attributed to its networking segment and relationships with major clients like Google (NASDAQ:GOOGL), Meta (NASDAQ:META), and ByteDance. Truist Securities raised Broadcom’s price target to $267, maintaining a Buy rating, highlighting the company’s AI-driven growth prospects and potential market expansion to $60-90 billion by fiscal year 2027. TD Cowen also reiterated a Buy rating with a $265 target, noting Broadcom’s strategic addition of two custom accelerator programs. Benchmark analysts reaffirmed a Buy rating, emphasizing Broadcom’s increased visibility in the AI market. In another development, Broadcom announced significant updates to VMware (NYSE:VMW) vDefend, enhancing security features for organizations using VMware Cloud Foundation. Meanwhile, Broadcom faces potential competition as Google considers partnering with MediaTek for AI chip production, which could impact its share in the AI chip market. Despite this, Broadcom continues discussions with Google to co-design AI chips, underscoring the dynamic nature of tech industry partnerships.
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