Hock Tan, President and CEO of Broadcom (AVGO), sold company’s shares worth $49.9 million on September 10, with the insider activity disclosed on September 12. The sale comes after a strong run in semiconductor giant’s stock price this year, fueled by booming demand for its custom chips and AI-related products.
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AVGO stock has climbed more than 56% year-to-date, making it one of the top gainers in the semiconductor space. The news follows Broadcom’s robust fiscal third-quarter results, where revenue jumped 22% year-over-year to $15.95 billion, driven by surging demand for its custom AI accelerators and networking components. Meanwhile, adjusted earnings of $1.69 per share increased 36.3% from the year-ago quarter. In reaction to the Q3 results, several Top analysts raised the price target for Broadcom stock.
Insider share sales usually indicate caution about a company’s future, but can also happen for personal reasons. Hence, it is important to watch these trades for clues on the company’s growth expectations.
A Closer Look at the Insider’s Transactions
According to a Form 4 filing with the SEC, Hock Tan sold 148,154 AVGO shares on September 10, 2025. The insider activity was disclosed on September 12, 2025, with the shares sold in multiple tranches at a weighted average price of about $336.67 each, totaling nearly $49.9 million. After the sale, Tan still owns 825,998 shares of AVGO.
Currently, AVGO stock has a Negative Insider Confidence Signal on TipRanks, based on Informative Sell transactions worth $149.9 million undertaken in the last three months.
Interestingly, TipRanks offers daily insider transactions as well as a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is AVGO a Good Buy Right Now?
Analysts remain highly optimistic about Broadcom’s long-term outlook. On TipRanks, AVGO stock has a Strong Buy consensus rating based on 27 Buys and two Hold ratings. The average Broadcom price target of $379.24 implies 5.38% upside potential from current levels.
