Now, a fresh securities filing shows one of the company’s top executives, Mark Brazeal, sold a large block of stock right in the middle of that slide.<\/p>\n
Mark Brazeal, Broadcom’s Chief Legal and Corporate Affairs Officer, isn’t a household name. However, his trading activity offers a window into what insiders are doing while retail investors watch the AVGO stock chart turn red.<\/p>\n
Wall Street still likes the stock on paper. But the gap between analyst price targets and AVGO’s actual trading price keeps widening. This raises a critical question: Why are top insiders cashing out now?<\/p>\n
Broadcom’s top lawyer cashed out $9.68M in stock<\/h2>\n
Mark Brazeal sold 25,000 Broadcom shares on June 25 at $387.00 apiece, for a total of $9.68 million, Investing.com reported. <\/p>\n
The report cited a Form 4 filed with the Securities and Exchange Commission on June 29.<\/p>\n
The transaction was a direct sale, not one automatically triggered by vesting. MarketScreener confirmed that after the sale, Brazeal still directly owns 244,989 Broadcom shares.\u00a0<\/p>\n
Related: Micron Technology\u2019s stock buybacks explained<\/strong><\/p>\n That stake includes 123,750 restricted stock units, meaning a large chunk of his position hasn’t matured yet and remains tied to Broadcom’s future performance.<\/p>\n This wasn’t his first sale of the year. According to Investing.com, Brazeal sold $3.17 million in mid-June. He also sold $10.4 million in January, Investing.com reported.\u00a0<\/p>\n That puts his 2026 sales above $23 million. Since then, the company’s shares have dipped further, closing near $377.75 by July 1, just below his sale price.<\/p>\n Narumon Bowonkitwanchai / Getty Images<\/p>\n<\/figcaption><\/figure>\n Brazeal isn’t selling alone. Broadcom co-founder and chairman Henry Samueli has offloaded more than $651 million in stock over the past three months, and filed to sell another $71 million on June 29, TradingView reported.<\/p>\n CEO Hock Tan sold 300,000 shares worth about $101.3 million earlier this year, and Finbold noted other executives have trimmed positions too.\u00a0<\/p>\n More AI Chip Stocks<\/strong>:<\/p>\n The sale follows the release of Broadcom’s second quarter fiscal 2026 earnings on June 3.\u00a0<\/p>\n According to Broadcom’s release, Revenue hit a record $22.19 billion<\/strong>, up 48%<\/strong> compared to last year. The company’s AI semiconductor revenue also jumped 143% to $10.8 billion<\/strong>.<\/p>\n Despite this, shares still fell more than 12%<\/strong> the next session, as investors focused on declining gross margins of approximately 74%<\/strong>.<\/p>\n Insider sales like Brazeal’s aren’t automatically a bearish signal. Executives often sell shares to cover taxes, diversify, or lock in gains.\u00a0<\/p>\n Broadcom shares are still up about 8% so far this year, though that trails the 104% gain in the chip-focused iShares Semiconductor ETF (SOXX), TradingView noted.<\/p>\n Wall Street remains largely positive about the stock. Of 48 analysts covering AVGO, 44 rate it a buy or higher, and the average price target near $523.73 implies a roughly 41% projected gain, according to Koyfin data cited by Yahoo Finance.<\/p>\n That gap between sentiment and price action is worth watching ahead of Broadcom’s third quarter report. However, a single executive’s stock sale rarely tells the whole story.<\/p>\n CEO Hock Tan has guided AI semiconductor revenue to grow over 200% compared to last year, hitting $16 billion after the OpenAI chip deal. For long-term shareholders, that execution likely matters more than any single filing.\u00a0<\/p>\n What to watch next:<\/strong><\/p>\n Related: Micron just dethroned Nvidia in one key way<\/strong><\/p>\n #Top #Broadcom #insider #unloads #eyepopping #number #shares<\/p>\n","protected":false},"excerpt":{"rendered":" Broadcom’s (AVGO) stock took a downward turn in June. Shares fell more than 16% during the month, the worst stretch since March 2025. AVGO closed at $377.75 on July 1,… <\/p>\n","protected":false},"author":1,"featured_media":10159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[246],"tags":[1232,5131,12029,2677,32,187,12030],"class_list":["post-10158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-popular","tag-broadcom","tag-eyepopping","tag-insider","tag-number","tag-shares","tag-top","tag-unloads"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/10158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10158"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/10158\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/10159"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.thestreet.com\/.image\/NDA6MDAwMDAwMDAzMDk5NDAx\/photo-3099401.jpg?profile=rss\")
Why Broadcom insiders keep selling into a rough stretch<\/h2>\n
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What the sale means for AVGO investors<\/h2>\n
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