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Broadcom reported a 51.2% revenue jump, but an insider sold shares, raising some eyebrows.
Broadcom Inc., a semiconductor manufacturer, saw a 51.2% revenue increase and $1.42 EPS, slightly above forecasts.
A key insider, Charlie B. Kawwas, sold 40,000 shares, reducing his ownership by 5.43%.
The company has also attracted institutional investors, with Advance Capital Management investing $245,000 in the company.
Additionally, the CEO sold shares, and the company announced a quarterly dividend of $0.59, increasing the annualized dividend to $2.36.
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Broadcom reportó un salto de ingresos del 51,2%, pero un informante vendió acciones, levantando algunas cejas.