Broadcom President Charlie Kawass is worth $9.28 million at Investing.com

Charlie B. Kawas, President of Semiconductor Solutions Group at Broadcom Inc. (NASDAQ:) sold 40,000 shares of the company’s common stock. The shares were traded at an average price of $231.98 each, for a total of approximately $9.28 million. The sale comes as Broadcom, now valued at $1.11 trillion, is trading near its 52-week high, following an impressive 128% return over the past year. As he says Invest Pro Analysis, the stock appears to be trading above fair value. Following this transaction, Kawas indirectly holds 696,730 shares in trust. In addition, he holds direct ownership of 82,990 shares, which includes 75,000 restricted stock units. Invest Pro He identified 20 additional insights about Broadcom, including a 15-year streak of dividend increases and strong growth prospects. Access the full Pro Research report for a comprehensive analysis of this semiconductor giant.

In other recent news, Nvidia (NASDAQ:) saw its shares rise due to positive earnings growth news from its server conglomerate partner; Foxconn (SS:) reported a 15% rise in revenue, better than expected. That’s driven by continued demand for AI infrastructure, pushing up shares of other semiconductor companies including AMD (NASDAQ: ), Micron (NASDAQ: ) and Broadcom. Analysts at UBS and Bernstein SocGen Group revised their price targets upward for Broadcom, maintaining a positive outlook for the stock. They cite the company’s strong AI revenue growth and potential for continued expansion, particularly in the AI ​​networking and custom computing segments.

JPMorgan maintains an overweight rating on Broadcom, raising its price target. The company cites strong demand and expected acceleration in software revenue for its positive outlook. Goldman Sachs has affirmed its Buy rating on Broadcom, citing the company’s recent performance and strategic positioning, supported by impressive revenue growth. The firm also increased its non-GAAP EPS forecast for Broadcom for fiscal years 2026 and 2027.

These recent developments bode well for Nvidia and Broadcom, largely due to their advances in AI. It is important to note that these are recent developments and should be viewed in the context of broader market trends.

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