A Broadcom (NASDAQ: AVGO) insider has purchased nearly $374,000 worth of the stock following the company’s sharp post-earnings pullback, signaling confidence in the semiconductor giant’s long-term outlook.
According to a regulatory filing, Broadcom director Harry You acquired 1,000 AVGO shares on June 11, 2026, at $373.57 per share. The transaction was valued at approximately $373,570.
The purchase increased You’s holdings by about 2.7%, bringing his total ownership to 38,466 shares, including 864 restricted stock units disclosed in the filing.
AVGO insider sells
The Broadcom insider buy comes as company executives and directors have largely been sellers of AVGO stock over the past six months.
In this line, insider trading data shows Broadcom co-founder and chairman Henry Samueli sold 781,967 shares worth an estimated $250 million. President and CEO Hock E. Tan also sold 300,000 shares valued at approximately $101.3 million during the same period.
Other notable insider sales came from Chief Legal and Corporate Affairs Officer Mark David Brazeal, Infrastructure Software Group President S. Ram Velaga, and CFO Kirsten Spears, who collectively sold hundreds of thousands of shares.
Against that backdrop, You’s open-market purchase stands out as one of the few insider buying transactions reported at Broadcom in recent months.
Insider purchases are closely watched because executives and directors often have unique insight into a company’s business performance and growth prospects.
Although modest relative to Broadcom’s size, the purchase came shortly after AVGO stock declined following its fiscal second-quarter earnings report, making the timing notable.
Broadcom reported record quarterly revenue of approximately $22.2 billion, driven by surging artificial intelligence demand. AI semiconductor revenue jumped 143% year over year to about $10.8 billion, underscoring the company’s growing exposure to AI accelerators and networking infrastructure.
AVGO stock price analysis
However, shares fell after management’s guidance fell short of some investors‘ elevated expectations for future AI growth. At press time, AVGO stock was trading at $393 after closing the previous session more than 3% higher. Year to date, the stock has gained 13%.
Overall, the latest Broadcom insider buy may offer an additional vote of confidence for investors assessing whether the recent weakness in AVGO stock represents a buying opportunity.
