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Broadcom (NASDAQ:AVGO) President of ISG, Velaga S. Ram, sold 8,000 shares of the company’s common stock on April 10, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $370.5223, for a total transaction value of $2.96 million. Prices ranged from $370.500 to $370.605 per share.The sale comes as Broadcom shares have surged 115% over the past year, currently trading at $380.78. According to InvestingPro analysis, the stock appears slightly overvalued relative to its Fair Value.
Following the transaction, Velaga S. Ram directly owns 57,932 shares of Broadcom. The filing also indicates indirect ownership of 35 shares held By Child.For deeper insights into Broadcom’s valuation and performance metrics, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities on InvestingPro.
In other recent news, Meta Platforms Inc. and Broadcom Inc. have announced a significant multi-year partnership to develop AI compute accelerator chips. This collaboration, set to last through 2029, involves the creation of Meta Training and Inference Accelerator chips, with Broadcom contributing technology from its XPU platform. The initial deployment will exceed 1 gigawatt of computing capacity, with plans for further expansion. Additionally, UBS has reiterated a Buy rating for Broadcom, maintaining a price target of $475.00, following Broadcom’s expanded partnership with Google. This agreement includes future generations of TPUs and a supply assurance agreement for networking components. Moreover, Broadcom has launched Arcot Smart Ruleset, an AI-powered fraud detection engine, designed to replace manual fraud rule-writing with automated logic. This development aims to address the challenges posed by AI-powered fraud attacks. These recent developments highlight Broadcom’s strategic moves in the AI and technology sectors.
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