tradingkey.logo

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

TigerDec 24, 2025 12:31 AM

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: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI