Broadcom Inc. (AVGO)’s Director Sells 80 Shares at $307.46 Each; Goldman Sachs Reiterates ‘Buy’ Rating

Broadcom Inc. (NASDAQ:AVGO) is one of the 14 Best IT Stocks to Buy for the Long Term.

Broadcom Inc. (AVGO)’s Director Sells 80 Shares at $307.46 Each; Goldman Sachs Reiterates ‘Buy’ Rating

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

On August 15, 2025, Broadcom Inc. (NASDAQ:AVGO) announced that Director Justine Page sold 800 shares on the previous day at $307.46 each. The sale, valued at $246,000, was conducted under a pre-arranged Rule 10b5-1 plan established in January. Following the transaction, Page is left with 23,782 shares, including restricted stock units.

Two days prior to the insider transaction, Goldman Sachs reiterated its ‘Buy’ rating on Broadcom Inc. (NASDAQ:AVGO) with a $340 price target. The investment firm highlighted the company’s strong growth outlook within semiconductors and infrastructure software markets, bolstering investor confidence.

Operating through its Semiconductor Solutions and Infrastructure Software segments, Broadcom Inc. (NASDAQ:AVGO) develops and supplies semiconductor devices and infrastructure software solutions globally. It is one of the best IT stocks.

While we acknowledge the potential of AVGO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AVGO and that has 100x upside potential, check out our report about this cheapest AI stock.

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