A high-ranking insider at Broadcom capitalized on a short-lived rebound in the chip maker's stock, selling nearly $20 million of shares earlier this month.
Chief Legal Officer Mark Brazeal unloaded a combined 50,000 shares across two separate transactions on July 8 and July 10, according to filings with the Securities and Exchange Commission. At prices ranging from $379.06 to $401.47 a share, the sale totaled about $19.5 million in company stock.
Following the transactions, Brazeal directly held 194,989 shares. His stake consists almost entirely of restricted stock units (RSUs), essentially a promise by the company to grant shares at a future date. If all 123,750 of those RSUs vested today, his total holdings would be worth around $46.3 million, based on Thursday's closing price of $374.45.
The sales coincided with a rebound in Broadcom's stock, which had hit a monthly low below $360 at the start of July. Shares received a major boost on July 8 after Apple announced a multiyear, $30 billion expansion of its partnership with Broadcom to develop custom silicon.
The iPhone maker called the deal its largest yet under its American Manufacturing Program. The agreement will fund Broadcom's Colorado plant expansion, paving the way for the production of more than 15 billion U.S.-made chips.
Broadcom has become an essential name in artificial intelligence, often viewed as a rival to Nvidia, though the companies' approaches to AI hardware are fundamentally different. While Nvidia dominates with standardized, off-the-shelf graphics processing units, Broadcom specializes in custom networking chips and application-specific integrated circuits used to connect data centers.
Henry Ellenbogen, an investor and Barron's roundtable member, noted last week that Nvidia shares had trailed some other AI-buildout stocks over the past year as the developers of large-language-models have lessened their ties to the company and worked more with Broadcom, Alphabet-owned Google, and Amazon.
Inside Scoop is a regular Barron's feature covering stock transactions by corporate executives and board members -- so-called insiders -- as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
July 17, 2026 11:11 ET (15:11 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments