LSEG and Broadcom renew their technology partnership with a five-year agreement for VMware Cloud Foundation, enhancing operational efficiency and security.
Quiver AI Summary
LSEG and Broadcom Inc. have renewed their technology partnership with a new five-year agreement focused on VMware Cloud Foundation. This collaboration builds on over a decade of LSEG's use of VMware software and aims to enhance LSEG's private cloud platform supporting various workloads. Broadcom will provide professional services to implement VMware Cloud Foundation 9, which is designed to boost resilience, operational efficiency, and security in LSEG’s highly regulated financial environment. The agreement reflects a commitment to adaptability in LSEG's technology infrastructure as market needs evolve, emphasizing the importance of reliability in LSEG’s operations.
Potential Positives
- Renewal of a long-standing partnership with Broadcom for another five years showcases LSEG's commitment to enhancing its technological capabilities.
- The implementation of VMware Cloud Foundation 9 is expected to improve operational efficiency and strengthen security, which are critical for LSEG’s highly regulated environment.
- Extending the use of VMware software indicates LSEG's proactive approach to adapting to evolving technology needs and supporting a wide range of workloads.
Potential Negatives
- The press release does not provide any financial details or projections related to the impact of the new agreement, which may raise concerns about its potential effectiveness and benefits.
- There is a lack of clarity on how this renewed partnership specifically differentiates LSEG from its competitors in the financial market infrastructure space.
FAQ
What is the new agreement between LSEG and Broadcom?
The new five-year agreement renews their technology partnership, focusing on VMware Cloud Foundation for LSEG's private cloud platform.
How will VMware Cloud Foundation 9 benefit LSEG?
It will support a consistent private cloud platform, improving resilience, operational efficiency, and security across LSEG's infrastructure.
How long has LSEG been using VMware software?
LSEG has been utilizing VMware software across parts of its technology stack for over a decade.
What role does Broadcom play in this partnership?
Broadcom will provide professional services to help LSEG roll out VMware Cloud Foundation 9 across its environments.
Why is this agreement important for LSEG?
This agreement ensures LSEG has a secure and resilient platform that can adapt to changing market demands and technology needs.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AVGO Insider Trading Activity
$AVGO insiders have traded $AVGO stock on the open market 211 times in the past 6 months. Of those trades, 1 have been purchases and 210 have been sales.
Here’s a breakdown of recent trading of $AVGO stock by insiders over the last 6 months:
- HENRY SAMUELI has made 0 purchases and 26 sales selling 1,102,283 shares for an estimated $378,297,854.
- HOCK E TAN (President and CEO) has made 0 purchases and 16 sales selling 300,000 shares for an estimated $101,258,091.
- MARK DAVID BRAZEAL (Chief Legal & Corp Affairs Ofc) has made 0 purchases and 56 sales selling 202,411 shares for an estimated $67,505,559.
- S. RAM VELAGA (President, ISG) has made 0 purchases and 21 sales selling 102,594 shares for an estimated $34,421,293.
- KIRSTEN M. SPEARS (CFO & Chief Accounting Officer) has made 0 purchases and 45 sales selling 96,247 shares for an estimated $31,915,758.
- CHARLIE B KAWWAS (President, SSG) has made 0 purchases and 43 sales selling 77,997 shares for an estimated $25,472,056.
- JUSTINE PAGE has made 0 purchases and 2 sales selling 2,818 shares for an estimated $1,001,866.
- GAYLA J DELLY sold 1,000 shares for an estimated $358,310
- HARRY L. YOU purchased 1,000 shares for an estimated $325,129
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$AVGO Revenue
$AVGO had revenues of $19.3B in Q1 2026. This is an increase of 29.47% from the same period in the prior year.
You can track AVGO financials on Quiver Quantitative's AVGO stock page.
You can access data on AVGO stock through the Quiver Quantitative API.
$AVGO Congressional Stock Trading
Members of Congress have traded $AVGO stock 15 times in the past 6 months. Of those trades, 6 have been purchases and 9 have been sales.
Here’s a breakdown of recent trading of $AVGO stock by members of Congress over the last 6 months:
- REPRESENTATIVE DAVID TAYLOR has traded it 7 times. They made 2 purchases worth up to $30,000 on 02/26, 01/29 and 5 sales worth up to $75,000 on 04/27, 01/16, 01/08.
- SENATOR SHELLEY MOORE CAPITO has traded it 2 times. They made 1 purchase worth up to $15,000 on 02/09 and 1 sale worth up to $15,000 on 04/13.
- REPRESENTATIVE JARED MOSKOWITZ purchased up to $15,000 on 03/31.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 2 purchases worth up to $30,000 on 12/17, 11/18 and 1 sale worth up to $15,000 on 03/25.
- REPRESENTATIVE JULIA LETLOW sold up to $15,000 on 02/12.
- REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 12/11.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$AVGO Hedge Fund Activity
We have seen 2,497 institutional investors add shares of $AVGO stock to their portfolio, and 2,027 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS removed 57,817,288 shares (-40.8%) from their portfolio in Q1 2026, for an estimated $17,526,154,511
- CAPITAL RESEARCH GLOBAL INVESTORS added 29,663,579 shares (+34.3%) to their portfolio in Q1 2026, for an estimated $8,991,920,702
- CARDANO RISK MANAGEMENT B.V. removed 11,369,870 shares (-89.6%) from their portfolio in Q1 2026, for an estimated $3,446,548,693
- SG AMERICAS SECURITIES, LLC added 10,416,346 shares (+95.3%) to their portfolio in Q1 2026, for an estimated $3,157,506,962
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 10,145,377 shares (+118.1%) to their portfolio in Q1 2026, for an estimated $3,075,368,130
- CAPITAL WORLD INVESTORS removed 7,068,689 shares (-5.7%) from their portfolio in Q1 2026, for an estimated $2,142,731,696
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC removed 6,760,351 shares (-83.7%) from their portfolio in Q1 2026, for an estimated $2,049,265,198
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$AVGO Analyst Ratings
Wall Street analysts have issued reports on $AVGO in the last several months. We have seen 11 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Wells Fargo issued a "Overweight" rating on 01/15/2026
- Mizuho issued a "Outperform" rating on 01/09/2026
- Bernstein issued a "Outperform" rating on 12/12/2025
- Benchmark issued a "Buy" rating on 12/12/2025
- Rosenblatt issued a "Buy" rating on 12/12/2025
- Piper Sandler issued a "Overweight" rating on 12/12/2025
- Oppenheimer issued a "Outperform" rating on 12/12/2025
To track analyst ratings and price targets for $AVGO, check out Quiver Quantitative's $AVGO forecast page.
$AVGO Price Targets
Multiple analysts have issued price targets for $AVGO recently. We have seen 22 analysts offer price targets for $AVGO in the last 6 months, with a median target of $482.5.
Here are some recent targets:
- Timothy Arcuri from UBS set a target price of $490.0 on 05/18/2026
- Joshua Buchalter from TD Cowen set a target price of $500.0 on 05/15/2026
- Aaron Rakers from Wells Fargo set a target price of $545.0 on 05/14/2026
- Atif Malik from Citigroup set a target price of $500.0 on 05/12/2026
- Kevin Cassidy from Rosenblatt set a target price of $500.0 on 04/07/2026
- Joseph Moore from Morgan Stanley set a target price of $470.0 on 03/06/2026
- Cody Acree from Benchmark set a target price of $485.0 on 03/05/2026
Full Release
LONDON and PALO ALTO, Calif., May 19, 2026 (GLOBE NEWSWIRE) -- LSEG and Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops, and supplies semiconductor and infrastructure software solutions, today announced a renewal of their long-standing technology partnership, underpinned by a new five-year agreement centered on VMware Cloud Foundation . The initiative complements LSEG’s existing cloud partnerships.
LSEG has been using VMware software across parts of its technology stack for more than a decade. The new agreement extends this relationship, including the use of VMware Cloud Foundation to support LSEG’s private cloud platform for parts of LSEG’s infrastructure. Additionally, Broadcom will provide professional services to LSEG to roll out VMware Cloud Foundation 9 across its environments.
VMware Cloud Foundation 9 will support a consistent private cloud platform capable of supporting a wide range of workloads across both traditional and modern applications. This approach will strengthen resilience, improve operational efficiency and enhance security across a complex, highly regulated environment, while enabling greater automation over time.
“Extending our use of VMware Cloud Foundation supports an engineered private cloud for our operations, while giving us the flexibility to support new services and workloads as our technology needs evolve,” said Andrew Knight, CIO, Infrastructure and Cloud, LSEG.
“LSEG operates important market infrastructure, where reliability and performance really matter,” said Luigi Freguia, President, EMEA Sales, Broadcom. “This new five-year agreement reflects the Group’s confidence in VMware Cloud Foundation to support those demands, providing a secure and resilient platform that can evolve as market needs change.”
About Broadcom
Broadcom Inc. (NASDAQ: AVGO) is a technology leader that designs, develops, and supplies semiconductors and infrastructure software for global organizations’ complex, mission-critical needs. Broadcom combines long-term R&D investment with superb execution to deliver the best technology, at scale. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, visit
www.broadcom.com
.
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system. With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes. LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific. LSEG’s ticker symbol is LSEG.
Media Contacts :
Ollie Bennett
Broadcom EMEA Communications
[email protected]
Roger T. Fortier
VMware Cloud Foundation Division, Broadcom
+1.408.348.1569
[email protected]
