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Mark David Brazeal, Chief Legal & Corp Affairs Ofc at Broadcom Inc (NASDAQ:AVGO), sold 50,000 shares of common stock on June 24, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $262.00 to $262.26, for a total transaction value of $13,105,050.
Following the transaction, Brazeal directly owns 365,956 shares of Broadcom, which includes 336,250 restricted stock units.
In other recent news, Broadcom reported quarterly earnings of $15.0 billion, aligning with analysts’ expectations, with semiconductor sales contributing $8.4 billion and software revenue at $6.6 billion. The company’s artificial intelligence segment is expected to continue its growth trajectory, with projected AI sales for next year around $30 billion, surpassing current consensus estimates by $4-5 billion. Additionally, Broadcom announced the release of VMware Cloud Foundation 9.0, a platform aimed at enhancing private cloud environments with features like a new SecOps dashboard and advanced memory tiering. Analysts from Bernstein SocGen Group raised Broadcom’s stock price target to $295, maintaining an Outperform rating due to strong earnings performance and AI growth potential. TD Cowen analysts also increased the price target to $290, highlighting a projected 60% growth in AI for fiscal year 2026. Rosenblatt analysts lifted their price target to $340, citing a 46% quarter-over-quarter increase in AI revenue and Broadcom’s strong custom ASIC capabilities. Meanwhile, Citi analysts raised the price target to $285, maintaining a Buy rating, despite noting challenges with lower margins due to a higher semiconductor mix. These developments underscore Broadcom’s strategic focus on AI and cloud solutions, contributing to its robust market position.
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