Broadcom Inc. (NASDAQ: AVGO) disclosed that Velaga S. Ram, president of its Infrastructure Software Group (ISG), sold a combined 30,215 shares of the company’s common stock in two transactions on April 8 and April 9, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission.
The two sales together totaled $10,638,012. On April 8, Mr. Ram sold 12,955 shares at a weighted average price of $352.0223, with transaction prices reported in a narrow range between $352.00 and $352.04 per share. That trade was recorded at a total value of $4,560,426. The following day, April 9, he sold 17,260 shares at a weighted average price of $352.1184, within a range of $352.03 to $352.30 per share, for a transaction value of $6,077,586.
After the April transactions, the filing indicates Mr. Ram directly holds 65,932 shares of Broadcom common stock. The report also notes an indirect holding of 35 shares attributed to a child.
Broadcom’s stock has exhibited strong performance over the past year, rising 117% during that period and trading at $371.57 at the time referenced in the filing. InvestingPro analysis cited in the filing characterizes the semiconductor company as slightly undervalued at current levels and references available Fair Value metrics and an additional 18 ProTips for subscribers.
These insider sales come as Broadcom has been active on both product and partnership fronts. The company announced the launch of Arcot Smart Ruleset, a fraud-detection engine powered by machine learning intended for 3-D Secure payment authentication. The product is described as automating fraud-logic decisions to better adapt to changing threats and regulatory requirements.
Alongside product news, Broadcom has moved to extend and formalize TPU-related relationships with major AI players. The company confirmed an expanded partnership with Google and Anthropic covering TPU technology. Market participants and brokerages reacted with varied views: Mizuho reiterated an Outperform rating and retained a $480 price target; BofA Securities reiterated a Buy rating and a $450 price target following the announcement of a five-year TPU design and supply agreement with Google and a 3.5 GW TPU capacity agreement with Anthropic beginning in 2027; and D.A. Davidson maintained a Neutral rating with a $375 price target, noting Broadcom’s long-term agreement with Google to develop and supply custom TPUs for future AI-ASIC generations.
Seaport Global Securities adjusted its view by downgrading Broadcom from Buy to Neutral, pointing to industry constraints despite acknowledging the company’s competitive position in AI compute. Collectively, the product launch and TPU agreements have been interpreted as increasing Broadcom’s visibility as a long-term design partner for TPU technology, even as analyst opinions and price targets diverge.
All figures and statements reported here reflect the information disclosed in Broadcom’s SEC filing and the company announcements referenced in that filing. Where commentary from brokerage firms and InvestingPro is cited, it reflects the positions and metrics noted in the filing and related disclosures.