Broadcom (NASDAQ:AVGO) Shares Acquired Rep. Kelly Morrison

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 $15,001 and $50,000 in Broadcom stock on April 11th. The trade occurred in the Representative’s “TRUST 2” 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 $1,001 – $15,000 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 Trading Down 0.1%

NASDAQ:AVGO opened at $232.12 on Thursday. The business’s 50-day moving average is $185.35 and its two-hundred day moving average is $198.49. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. Broadcom Inc. has a 12 month low of $128.50 and a 12 month high of $251.88. The firm has a market capitalization of $1.09 trillion, a PE ratio of 189.33, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04.

Broadcom declared that its board has approved a stock repurchase plan on Monday, April 7th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor manufacturer to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.02%. The ex-dividend date was Thursday, March 20th. Broadcom’s dividend payout ratio (DPR) is presently 113.46%.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $180.00, for a total transaction of $4,500,000.00. Following the completion of the transaction, the insider now directly owns 465,956 shares in the company, valued at approximately $83,872,080. The trade was a 5.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Justine Page sold 800 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $185.00, for a total value of $148,000.00. Following the transaction, the director now owns 25,380 shares of the company’s stock, valued at approximately $4,695,300. This represents a 3.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 719,776 shares of company stock worth $131,065,542 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AVGO. Benchmark reiterated a “buy” rating and issued a $255.00 price target on shares of Broadcom in a research note on Friday, March 7th. KeyCorp boosted their price target on Broadcom from $260.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Mizuho cut their price target on Broadcom from $260.00 to $250.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Morgan Stanley boosted their price target on Broadcom from $246.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Broadcom in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $229.48.

Hedge Funds Weigh In On Broadcom

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Broadcom by 0.4% in the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer’s stock valued at $79,900,968,000 after acquiring an additional 2,085,534 shares during the period. Geode Capital Management LLC boosted its stake in Broadcom by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 102,207,120 shares of the semiconductor manufacturer’s stock valued at $23,647,209,000 after acquiring an additional 3,018,294 shares during the period. FMR LLC boosted its stake in Broadcom by 3.2% in the fourth quarter. FMR LLC now owns 93,274,317 shares of the semiconductor manufacturer’s stock valued at $21,624,718,000 after acquiring an additional 2,873,809 shares during the period. Norges Bank acquired a new position in Broadcom in the fourth quarter valued at approximately $16,893,010,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after acquiring an additional 17,985,046 shares during the period. 76.43% of the stock is currently owned by institutional investors and hedge funds.

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.

About Broadcom

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.