April 16 - Broadcom (AVGO, Financial)'s top legal officer offloaded millions in company shares, as insider sentiment trends negative amid growing tariff concerns.
Chief legal and corporate affairs officer Mark David Brazeal sold 25,000 shares on April 11, generating about $4.5 million in proceeds, according to a U.S. Securities and Exchange Commission filing. The shares were sold at a weighted average price of $180 each.
Following the sale, Brazeal retained 465,956 shares, which include 336,250 restricted stock units, valued at approximately $83.4 million.
The transaction adds to a broader pattern of insider selling at Broadcom. Over the past three months, company executives have divested a combined $130.9 million worth of stock.
Separately, analyst Vivek Arya of Bank of America Securities recently cut his price target on Broadcom to $240 from $260, citing potential earnings pressure from U.S. tariff risks.
