Charlie B. Kawwas, President of the Semiconductor Solutions Group at Broadcom Inc. (NASDAQ:), has sold 40,000 shares of the company’s common stock. The shares were sold at an average price of $231.98 each, totaling approximately $9.28 million. The sale comes as Broadcom, now valued at $1.11 trillion, trades near its 52-week high with an impressive 128% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. Following this transaction, Kawwas holds 696,730 shares indirectly through a trust. Additionally, he maintains direct ownership of 82,990 shares, which includes 75,000 restricted stock units. InvestingPro has identified 20 additional insights about Broadcom, including its 15-year track record of consecutive dividend increases and strong growth prospects. Access the full Pro Research Report for comprehensive analysis of…
