Multiple insiders at chipmaker Broadcom (AVGO) have sold shares worth about $18.12 million so far in April. The selling comes as AVGO stock has jumped 17% over the past month and is now trading near its record high. In many cases, insiders sell after strong rallies to lock in gains, and such moves don’t always signal a negative outlook.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
For context, Broadcom designs and supplies semiconductor chips and infrastructure software used across data centers, networking, broadband, and wireless systems. The company’s stock is surging, driven by its recent deals with Meta (META) and Google (GOOGL). Together, these deals highlight Broadcom’s growing role as a key player in AI infrastructure.
A Closer Look at Broadcom’s Recent Insider Transactions
Most recently, Broadcom executive S. Ram Velaga sold 8,000 shares worth about $2.96 million, marking his second sale this month. Earlier, he sold 30,215 shares for $10.64 million. Velaga serves as President of the Infrastructure Software Group (ISG), overseeing the company’s software divisions as well as sales, support, and operations.
Meanwhile, Broadcom director Gayla Delly sold 1,000 shares for $358,310 on April 9, 2026. Another notable sale came from Director Charlie Kawwas, who sold 10,000 shares worth $3.45 million. Kawwas is the President of Broadcom’s Semiconductor Solutions Group (SSG). Along with these, Director Justine Lien also sold 2,018 shares for $712,354. These sales were disclosed through Form 4 filings with the Securities and Exchange Commission (SEC).
AVGO stock currently has a Very Negative Insider Confidence Signal on TipRanks, based on Informative Sell transactions worth $106.2 million in the last three months.
Broadcom Insider Sales Raise Questions
These latest insider sales add up to a large amount of Broadcom stock being sold at high prices. However, insider selling at high prices isn’t always a bad sign. Most of these sales are planned in advance, so they’re not a reaction to current stock moves. Executives often sell to take profits, pay taxes, or reduce how much of their wealth is tied to one stock.
It only becomes a concern if many insiders sell at the same time, if the sales aren’t pre-planned, or if they happen right before big news. For now, Broadcom’s insider selling looks like normal profit-taking, not a warning sign.
Is AVGO a Good Stock to Buy?
Broadcom stock continues to enjoy strong support from Wall Street. The stock holds a Strong Buy consensus rating, based on 27 Buys and four Holds. The average AVGO stock price target of $464.32 indicates 22% upside potential from current levels.
