TLDR
- Broadcom CLO Mark Brazeal sold 25,000 AVGO shares on July 10, 2026, for ~$10.03 million at an average price of $401.33 per share.
- The sale was not flagged as part of a pre-scheduled Rule 10b5-1 trading plan.
- Brazeal still holds 194,989 shares, including 123,750 restricted stock units, after the transaction.
- AVGO closed at $389.11 on Tuesday, up 1.32%, and is up 40% over the past year.
- Wall Street maintains a Strong Buy consensus with an average price target of $513.29, implying ~31% upside.
Broadcom’s Chief Legal and Corporate Affairs Officer, Mark David Brazeal, sold 25,000 shares of AVGO stock on July 10, 2026, netting approximately $10.03 million. The shares were sold at prices between $401.22 and $401.47, with a weighted average of $401.33 per share.
The sale represented roughly 11% of Brazeal’s holdings before the transaction. He continues to hold 194,989 shares, which includes 123,750 restricted stock units.
AVGO closed at $389.11 on Tuesday, up 1.32% on the day. The stock has returned about 40% over the past year.
The Form 4 filing did not indicate the sale was made under a Rule 10b5-1 plan. These pre-scheduled plans are commonly used by executives to sell shares at set intervals, removing any suggestion of trading on inside knowledge. The absence of one here is worth noting — though it doesn’t automatically signal concern.
Insider sales can happen for plenty of reasons: tax planning, diversification, or personal financial needs. A single sale by Broadcom’s legal chief isn’t enough to shift the investment case on its own.
What Wall Street Thinks
Analysts aren’t flinching. Broadcom carries a Strong Buy consensus based on 26 analyst ratings — 23 Buys and 3 Holds. The average price target sits at $513.29, implying around 31% upside from current levels.
InvestingPro analysis also flags AVGO as undervalued at current prices, with its Fair Value pointing to further upside potential.
CLSA did slightly trim its price target for Broadcom to $600 but kept an Outperform rating, citing the company’s custom ASIC roadmap as a continued positive.
Jefferies maintained its Buy rating, pointing to a strong outlook for AI chip demand. Evercore ISI also reiterated an Outperform rating on Apple, partly based on its expanded deal with Broadcom.
Recent Catalysts
Apple and Broadcom announced an expanded multi-year partnership to design and produce custom silicon and wireless connectivity components. The deal is expected to exceed $30 billion and produce more than 15 billion U.S.-made chips.
Broadcom and OpenAI also unveiled the Jalapeño AI inference chip, built in collaboration with Celestica. The chip is designed to improve large language model inference capabilities.
On the debt side, Broadcom announced pricing terms for a $2.5 billion debt tender offer targeting senior notes maturing between 2030 and 2038.
If other Broadcom executives were to start selling meaningful portions of their holdings at similar price levels, that would be a more concerning signal for investors. For now, the broader picture — analyst sentiment, recent partnerships, and AI chip momentum — remains intact.
The average AVGO price target of $513.29 implies roughly 31% upside from Tuesday’s close of $389.11.
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