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Broadcom CEO Hock Tan Sells $42.3 Million Worth of AVGO Shares

Tiger Newspress08:31

Broadcom CEO Hock Tan sold 130,000 shares of the company's common stock on December 18, 2025, at $326.02 per share, totaling $42.38 million.

Post-transaction, Tan directly holds 482,836 shares and indirectly controls 595,638 shares via trust.

The $1.62 trillion market cap company has increased dividends for 16 consecutive years, boasting a 77.3% gross margin. Broadcom delivered 23.9% revenue growth over the past year, with analysts maintaining a Strong Buy consensus.

Recent analyst updates highlight Broadcom's AI semiconductor growth, with Q4 revenue hitting $6.5 billion (up 25% QoQ, 76% YoY). The company forecasts Q1 AI chip sales of $8.2 billion, projecting another 25% sequential increase. UBS raised its price target to $475, anticipating triple-digit AI revenue growth in FY2026.

TD Cowen lifted its target to $450 (Buy), while Benchmark set $485, citing strong AI momentum. Despite near-term pressures, UBS maintains its Buy rating, supported by new orders from Anthropic and a potential Softbank partnership, reinforcing Broadcom's AI sector leadership.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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