Henry Samueli Sells Broadcom Shares Worth $250 Million
Henry Samueli executed a planned sale of Broadcom shares valued at $250 million.
Key Points
- Henry Samueli sold 654,241 shares of Broadcom Inc. (NASDAQ:AVGO) on June 24, 2026, at an average price of $382.13, totaling $250 million.
- Broadcom Inc. shares traded near $372.53 on Saturday, with a market cap of approximately $1.8 trillion and a forward P/E of 19.54.
- UBS, B of A Securities, and JP Morgan maintain 'buy' ratings on Broadcom, with price targets ranging from $485 to $580.
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On June 24, 2026, Henry Samueli, a notable insider, sold 654,241 shares of Broadcom Inc. (NASDAQ:AVGO). The shares were sold at an average price of $382.13 each, totaling around $250 million. This transaction was planned under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling stocks.
Insider Buying and Selling at Broadcom Inc.
Henry Samueli has been active in trading Broadcom shares recently. On June 24, he executed a planned sale of 654,241 shares at $382.13 each. Additionally, on June 18, he bought and sold 1,890 shares, and on June 17, he also bought and sold 1,602 shares, with these transactions not being part of a planned schedule.
Other Institutional Activity in Broadcom
Several major institutional investors have also been adjusting their stakes in Broadcom. BlackRock, Inc. increased its holdings by 6,049,826 shares, bringing its total to 385,944,774 shares valued at approximately $119.5 billion. Vanguard Capital Management LLC opened a new position, acquiring 308,015,865 shares worth about $95.3 billion. State Street Corp added 1,295,881 shares to its holdings, now owning 191,380,232 shares valued at $59.2 billion. Meanwhile, Capital World Investors reduced its stake by 7,068,689 shares, leaving them with 116,188,483 shares worth $35.9 billion.
Broadcom Inc. Stock Down 1.0%
As of Saturday, Broadcom Inc.'s stock traded near $372.53. The company has a hefty market cap of about $1.8 trillion and a forward P/E ratio of 19.54, indicating investor expectations for future earnings growth. The stock's 52-week range is between $262.66 and $495.00, with the 50-day moving average at $412.60 and the 200-day moving average at $361.17. Broadcom's beta of 1.433 suggests it is more volatile than the overall market.
$AVGO stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Broadcom reported revenue of approximately $75.5 billion, with a growth rate of 47.9%. The company's net margin stands at 38.85%, and its return on equity is an impressive 37.28%. Broadcom's next earnings report is anticipated on September 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Broadcom offers an annual dividend rate of $2.60 per share, yielding 0.69%. The dividend payout ratio is 41.26%, reflecting the portion of earnings paid out to shareholders.
Analysts Set New Price Targets
Analyst firms have recently set new price targets for Broadcom. On June 4, 2026, UBS maintained a 'buy' rating with a target of $485. B of A Securities and Mizuho both maintained 'buy' ratings with targets of $530. JP Morgan also kept its 'buy' rating, setting a target of $580. The consensus among analysts is a 'strong buy', with a mean target price of $523.73 based on 45 opinions.
About Broadcom
Broadcom Inc., headquartered in Palo Alto, California, is a global technology leader in semiconductors and infrastructure software solutions. The company provides a wide range of products, including networking, broadband, and enterprise software solutions. Led by CEO Mr. Hock E. Tan, Broadcom has about 33,000 employees worldwide.
Bottom Line
Henry Samueli's recent sale of Broadcom shares is a planned transaction under a Rule 10b5-1 plan. Broadcom remains a significant player in the semiconductor industry, with strong institutional interest and favorable analyst ratings. Investors often track insider activities for insights, but it's important to remember these filings are retrospective and may not reflect current positions.
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