Broadcom Executives Sell Over $10 Million in Company Shares in Two Days

As with the FDA’s approval schedule, another signal investors monitor on the regulatory calendar is insider equity‐transaction disclosures. According to the SEC’s EDGAR system, on April 8–9 S. Ram Velaga, President of Broadcom Inc.’s (NASDAQ: AVGO) Data Center & Switching Business, sold 30,215 shares of the company’s common stock in the open market, cashing out roughly $10.6 million. His Form 4 filing shows that after the sale he still directly owns 65,932 shares of common stock and holds an additional 35 shares indirectly through his children. On April 8, insider Justin Page sold 2,018 shares at about $353 per share—raising approximately $710,000—and on April 9 board member Gaila J. Deli disposed of 1,000 shares at around $358 per share, a transaction of about $360,000. These trades were disclosed in Form 4 filings dated April 10 and April 13.

Broadcom, headquartered in California, is a leading semiconductor and infrastructure‐software company supplying data‐center networking chips as well as communications, storage, and security solutions. With customers such as Apple and major hyperscalers, Broadcom has steadily grown its footprint in the communications and cloud‐infrastructure market. In 2023, it significantly expanded its infrastructure‐software business by completing the roughly $61 billion acquisition of VMware. During that process, the company secured conditional approvals from competition authorities in key jurisdictions, including the European Union, Australia, and Brazil.

Meanwhile, Broadcom continues to invest in co-packaged optics technology to meet surging demand for AI data centers. Last year it unveiled a third‐generation co-packaged optics solution delivering 200 Gbps per lane and later announced it had reached a key milestone in developing co-packaged optics for data‐center switches. On Wall Street, analysts are focusing on integration synergies from the VMware deal and growing AI-infrastructure demand. However, some institutions have recently assigned Broadcom a “neutral” rating, citing near-term valuation pressures.