AVGO Stock Heads For Worst Month In 7 Years: Co-Founder’s Quarterly Stake Sales Top $720M

Broadcom shares are up 8% year to date, sharply below the 104% gain in the chip benchmark iShares Semiconductor ETF (SOXX).

• Samueli offloaded more than $651 million in Broadcom stock over the last three months.
• Chief Legal and Corporate Affairs Officer Mark Brazeal sold 25,000 Broadcom shares worth $9.7 million last week.
• Stocktwits sentiment for AVGO has been ‘bearish’ for two weeks.

Broadcom’s co-founder and chairman, Henry Samueli, has filed to sell $71 million worth of company stock, extending his divestiture over the past few months, according to an exchange filing on Monday.

Samueli, through his funds, is selling 186,089 shares. The proposed sale date mentioned is June 24. According to the filing, Samueli sold 1.9 million shares worth more than $651 million over the last three months. Chief Legal and Corporate Affairs Officer Mark Brazeal sold 25,000 Broadcom shares worth $9.7 million, according to a separate filing.

While top executives sell and acquire shares from time to time, which may be part of their compensation plan, the timing of the trade often affects market sentiment.

The latest divestitures come at a time of weakness for the AVGO stock. Broadcom reported mixed results for the last quarter on June 3, with its current-quarter forecast coming in lower than expected, which hammered shares.

AVGO stock declined 16.5% in June, and is heading for their worst monthly performance since March 2025.

In the two months leading up to May, Broadcom's shares soared about 42% due to major chip deals. In April, Broadcom announced a long-term agreement to develop and supply future generations of Google’s Tensor Processing Units (TPUs) and provide networking components for Google’s next-generation AI racks. It also expanded its multi-year partnership with Meta to co-develop future generations of Meta’s MTIA AI accelerators.

Despite AI-driven momentum in the business, the AVGO stock’s underperformance has left analysts and traders perplexed. 

Analyst, Retail View On AVGO

Earlier this month, JPMorgan advised investors to buy the stock aggressively at the current levels, arguing that market was underestimating the company’s “significant dominance” in advanced packaging design, cadence of new designs, intellectual property portfolio and track record of execution.

Currently, 44 of 48 analysts rate AVGO ‘Buy’ or higher, while the remaining 4 rate it ‘Hold,’ per Koyfin. Their average price target of $523.73 implies 41% upside from the stock’s closing price on Monday.

However, retail traders are on the fence. On Stocktwits, the sentiment was ‘bearish’ as of early Tuesday, unchanged for two weeks, while the message volume has dipped 24% in the past week.

“$AVGO would rather AMZN and MRVL on this dip, but the 5-year trendline is beautiful here. Nice dip, whoever bought the bottom,” remarked a trader.

Another wrote: “$AVGO chart setup and fundamental macro drivers are aligning clearly. Current structural patterns suggest that the overarching technical trend will appear highly obvious in hindsight once the next major extension plays out. Keeping a close watch on this key market leader.”

AVGO shares are up 8% year to date, sharply below the 104% gain in the chip benchmark iShares Semiconductor ETF (SOXX).

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