Chief Legal & Corporate Affairs Officer Mark Brazeal of Broadcom Inc (AVGO, Financial) sold 20,280 shares of the company on October 7, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 399,460 shares of Broadcom Inc.
Broadcom Inc is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The company's products serve the data center, networking, software, broadband, wireless, and storage and industrial markets.
Over the past year, Mark Brazeal has sold a total of 34,312 shares and has not made any purchases. This recent transaction continues a trend seen across the company, where there have been 29 insider sells and no insider buys over the past year.
Shares of Broadcom Inc were trading at $177.1 on the day of the sale. The company has a market cap of approximately $868.49 billion. The price-earnings ratio stands at 161.56, significantly above both the industry median of 33.27 and the company's historical median.
The stock's valuation metrics show a GF Value of $99.78, leading to a price-to-GF-Value ratio of 1.77, indicating that the stock is Significantly Overvalued according to GuruFocus's intrinsic value estimate. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from analysts.
This insider sale might draw the attention of investors trying to understand the latest trends and valuations within Broadcom Inc, as it reflects ongoing insider trading activities and the company's current market valuation.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
