Keudell Morrison Wealth Management Invests $1.55 Million in Broadcom Inc. $AVGO

Key Points

• Keudell Morrison Wealth Management opened a new position in Broadcom during the fourth quarter, buying 4,481 shares valued at about $1.55 million.
• Broadcom continues to attract major institutional interest, with several other funds adding to their stakes and 76.43% of the stock now owned by institutions.
• Insiders have been selling shares recently, including two executives whose March 17 sales helped bring total insider sales to 324,282 shares worth about $106.4 million over the past 90 days.

Keudell Morrison Wealth Management purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,481 shares of the semiconductor manufacturer's stock, valued at approximately $1,551,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilian Securities LLC bought a new stake in Broadcom in the fourth quarter valued at approximately $768,000. Prospect Financial Services LLC boosted its holdings in Broadcom by 13.4% in the fourth quarter. Prospect Financial Services LLC now owns 2,352 shares of the semiconductor manufacturer's stock valued at $814,000 after acquiring an additional 278 shares during the last quarter. Ignite Planners LLC boosted its holdings in Broadcom by 4.4% in the fourth quarter. Ignite Planners LLC now owns 15,788 shares of the semiconductor manufacturer's stock valued at $5,231,000 after acquiring an additional 661 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in Broadcom by 1,098.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,226,960 shares of the semiconductor manufacturer's stock valued at $770,742,000 after acquiring an additional 2,041,151 shares during the last quarter. Finally, Cvfg LLC boosted its holdings in Broadcom by 35.9% in the fourth quarter. Cvfg LLC now owns 852 shares of the semiconductor manufacturer's stock valued at $295,000 after acquiring an additional 225 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Transactions at Broadcom

In related news, insider S. Ram Velaga sold 38,841 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $12,491,265.60. Following the transaction, the insider directly owned 96,147 shares in the company, valued at $30,920,875.20. This trade represents a 28.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 50,488 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $321.60, for a total value of $16,236,940.80. Following the completion of the transaction, the insider owned 278,141 shares in the company, valued at approximately $89,450,145.60. This represents a 15.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 324,282 shares of company stock valued at $106,425,249 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom unveiled the industry’s first integrated Wi‑Fi 8 SoCs for mesh and multi-gigabit routers, extending its leadership in home networking chips and strengthening its position in a key growth market. Article Title
• Positive Sentiment: The company also launched the BCM68850, a 50G PON home gateway SoC with an integrated neural processor and Wi‑Fi 8 support, highlighting Broadcom’s push into edge AI and residential broadband infrastructure. Article Title
• Positive Sentiment: Broadcom’s collaboration with Samsung on a 5G and Wi‑Fi 8 fixed wireless access platform suggests expanding design wins and could support future revenue growth in broadband connectivity. Article Title
• Neutral Sentiment: Analysts continue to rate Broadcom a “Moderate Buy,” which supports a constructive but not dramatically changed view of the stock. Article Title
• Neutral Sentiment: Some market commentary is shifting investor focus toward Qualcomm’s new AI chip deal and broader semiconductor AI winners, which may temporarily distract from Broadcom’s momentum in the AI infrastructure trade. Article Title

Broadcom Price Performance

Broadcom stock opened at $421.86 on Thursday. The stock has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 82.39, a PEG ratio of 0.87 and a beta of 1.43. Broadcom Inc. has a 52-week low of $234.43 and a 52-week high of $442.36. The stock's 50 day moving average price is $378.80 and its two-hundred day moving average price is $357.40. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.73 and a current ratio of 1.90.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. The firm had revenue of $19.31 billion for the quarter, compared to analysts' expectations of $19.10 billion. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The company's revenue for the quarter was up 29.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.60 EPS. On average, equities analysts predict that Broadcom Inc. will post 9.91 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio (DPR) is currently 50.78%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wolfe Research upgraded Broadcom from a "peer perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a report on Friday, January 30th. Rosenblatt Securities reiterated a "buy" rating and issued a $500.00 target price on shares of Broadcom in a report on Tuesday, April 7th. Zacks Research cut Broadcom from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 21st. Citigroup reiterated a "buy" rating and issued a $500.00 target price (up from $475.00) on shares of Broadcom in a report on Tuesday, May 12th. Finally, UBS Group restated a "buy" rating and set a $490.00 price target (up from $475.00) on shares of Broadcom in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Broadcom has an average rating of "Moderate Buy" and an average price target of $453.17.

Broadcom Company Profile

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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