Broadcom Inc. (NASDAQ:AVGO) Chief Legal & Corporate Affairs Officer Brazeal Mark David sold 64,306 shares of the company's common stock in transactions dated March 16 and 17, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
The sales generated proceeds of $27,061,693, with reported trade prices spanning from $317.97 to $328.841 per share. The filing notes these were automatic transactions carried out to satisfy withholding tax obligations tied to the vesting of restricted stock units (RSUs).
After the disposition, Brazeal's direct ownership in Broadcom stands at 278,141 shares, a figure that incorporates 140,000 RSUs. The filing does not indicate any other changes to his holdings.
Context around Broadcom's business moves
Separately, Broadcom has signaled progress on multiple product fronts. The company said its Tomahawk 6 switch chip family has entered production volume shipments and doubles the throughput of its predecessor, Tomahawk 5. In parallel, Broadcom has begun sampling its 3-nanometer Taurus BCM83640 chip, intended for 1.6 terabit optical transceiver modules aimed at improving AI data center performance.
Market commentary and analyst actions published alongside these product developments include DA Davidson raising its price target on Broadcom to $375. DA Davidson cited Broadcom's strong first-quarter results, which the firm said exceeded consensus estimates by 0.1%, and attributed the performance in part to a compute-constrained environment that benefits Broadcom in the short to medium term.
Broader market views referenced in the same reporting note Seaport Chief Equity Strategist Jonathan Golub's observation that software stocks may be positioned for a rebound, naming Nvidia, Broadcom, and AMD as companies with upside potential. Golub additionally pointed out that price-to-earnings multiples for software and semiconductor groups have fallen substantially since July.
Bank of America is also cited as expressing optimism about optical networking names on the back of strong demand and constrained supply, identifying Marvell Technology as a likely beneficiary of those dynamics.
Ownership and valuation notes
The filing documenting Brazeal's sale was made public through the SEC. Separately, InvestingPro's Fair Value analysis is referenced as indicating Broadcom remains undervalued, and the company is described as a major participant in the Semiconductors & Semiconductor Equipment industry.
The SEC filing and the contemporaneous operational updates and analyst commentary present a combined picture of routine insider tax-related stock sales occurring alongside ongoing product ramps and positive analyst sentiment.