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1 month ago
On October 3, a recent SEC filing unveiled that Hock E Tan, President and CEO at Broadcom (NASDAQ:AVGO) made an insider sell.
What Happened: After conducting a thorough analysis, Tan sold 10,000 shares of Broadcom. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $1,671,410.
The latest market snapshot at Friday morning reveals Broadcom shares up by 1.65%, trading at $174.73.
About Broadcom
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.
Financial Milestones: Broadcom's Journey
Revenue Growth: Broadcom's remarkable performance in 3 months is evident. As of 31 July, 2024, the company achieved an impressive revenue growth rate ...
