Representative Kelly Morrison (D-Minnesota) recently bought shares of Broadcom Inc. NASDAQ: AVGO. In a filing disclosed on May 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Broadcom stock on April 11th. The trade occurred in the Representative's "TRUST 1" account.
Representative Kelly Morrison also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of ResMed NYSE: RMD on 4/28/2025.
- Purchased $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 4/11/2025.
- Purchased $15,001 - $50,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/11/2025.
- Sold $15,001 - $50,000 in shares of Ashtead Group OTCMKTS: ASHTY on 4/10/2025.
- Sold $1,001 - $15,000 in shares of Ashtead Group OTCMKTS: ASHTY on 4/10/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/24/2025.
- Purchased $15,001 - $50,000 in shares of Meta Platforms NASDAQ: META on 3/24/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/21/2025.
- Sold $100,001 - $250,000 in shares of Target NYSE: TGT on 3/21/2025.
Broadcom Stock Up 0.2%
Shares of Broadcom stock traded up $0.52 during trading hours on Thursday, reaching $232.64. The company's stock had a trading volume of 18,765,991 shares, compared to its average volume of 31,224,410. Broadcom Inc. has a one year low of $128.50 and a one year high of $251.88. The company has a market capitalization of $1.09 trillion, a P/E ratio of 189.76, a P/E/G ratio of 2.29 and a beta of 1.04. The stock's fifty day simple moving average is $185.35 and its two-hundred day simple moving average is $198.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17.
Broadcom declared that its board has authorized a share repurchase plan on Monday, April 7th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Broadcom Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 20th. Broadcom's dividend payout ratio (DPR) is 113.46%.
Analysts Set New Price Targets
A number of research firms have weighed in on AVGO. Bank of America dropped their price objective on shares of Broadcom from $260.00 to $240.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. William Blair reaffirmed an "outperform" rating on shares of Broadcom in a research note on Friday, March 7th. KeyCorp raised their price objective on shares of Broadcom from $260.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Truist Financial raised their price target on shares of Broadcom from $260.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Citigroup decreased their price objective on shares of Broadcom from $220.00 to $210.00 and set a "buy" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $229.48.
Check Out Our Latest Research Report on Broadcom
Insider Transactions at Broadcom
In other news, Director Henry Samueli sold 663,976 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $181.60, for a total value of $120,578,041.60. Following the sale, the director now directly owns 38,798,721 shares of the company's stock, valued at $7,045,847,733.60. This represents a 1.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Justine Page sold 800 shares of the company's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $185.00, for a total transaction of $148,000.00. Following the completion of the sale, the director now directly owns 25,380 shares in the company, valued at $4,695,300. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 719,776 shares of company stock worth $131,065,542. 2.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Broadcom
A number of hedge funds and other institutional investors have recently bought and sold shares of AVGO. Norges Bank purchased a new position in Broadcom in the 4th quarter worth approximately $16,893,010,000. Nuveen LLC bought a new stake in shares of Broadcom in the 1st quarter worth approximately $6,649,117,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after acquiring an additional 17,985,046 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Broadcom by 18,179.3% in the 1st quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock worth $2,892,548,000 after acquiring an additional 17,181,652 shares during the last quarter. Finally, GQG Partners LLC lifted its holdings in shares of Broadcom by 200.0% in the 4th quarter. GQG Partners LLC now owns 10,213,160 shares of the semiconductor manufacturer's stock worth $2,367,819,000 after acquiring an additional 6,809,245 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.
About Representative Morrison
Kelly Morrison (Democratic Party) is a member of the U.S. House, representing Minnesota's 3rd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.
Morrison (Democratic Party) is running for re-election to the U.S. House to represent Minnesota's 3rd Congressional District. She declared candidacy for the 2026 election.
Kelly Morrison was born in Minneapolis, Minnesota, and lives in Deephaven. Morrison earned a B.A. in history from Yale University and an M.D. from Case Western Reserve University. She completed her residency in obstetrics and gynecology at Northwestern University. Morrison's career experience includes working as a physician.
Broadcom Company Profile
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Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.
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