Chief Legal & Corporate Affairs Officer Mark Brazeal of Broadcom Inc (AVGO, Financial) executed a sale of 18,900 shares of the company on October 9, 2024, according to a recent SEC Filing. Following this transaction, the insider now directly owns 380,560 shares in the company.
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 53,212 shares of Broadcom Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend seen within the company, where there have been 30 insider sells and no insider buys over the past year.
Shares of Broadcom Inc were priced at $182.88 on the day of the sale. The company currently has a market cap of approximately $847.62 billion. The price-earnings ratio of the company stands at 157.67, significantly higher than both the industry median and the company's historical median.
The stock is considered Significantly Overvalued with a price-to-GF Value ratio of 1.83, based on a GF Value of $99.78. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business projections.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance, especially considering the stock's current valuation levels and the overall trend of insider transactions at Broadcom Inc.
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