Broadcom Co-Founders Sell Over $720M Shares as Stock Falls 16.5%
AVGO•Broadcom’s co-founder Henry Samueli sold 1.9 million shares worth $651 million over three months and filed to divest an additional $71 million, while chief Mark Brazeal sold $9.7 million last week. Shares tumbled 16.5% in June, marking the worst monthly drop since March 2025 after mixed results and weaker guidance.
1. Executive Divestitures
Henry Samueli sold 1.9 million Broadcom shares worth $651 million over the past three months and filed to divest an additional 186,089 shares valued at $71 million, scheduled for June 24. Chief Legal and Corporate Affairs Officer Mark Brazeal sold 25,000 shares worth $9.7 million last week.
2. Stock Performance and Guidance
Shares fell 16.5% in June, the largest monthly drop since March 2025, after Broadcom reported mixed quarterly results and issued a current-quarter revenue forecast below analyst expectations.
3. Analyst Outlook and Retail Sentiment
Forty-four of forty-eight analysts rate Broadcom as a buy or higher, with an average price target implying 41% upside, while retail investors on social media maintained a bearish sentiment for two weeks and message volume fell 24%.
