Wedgewood Partners, an investment management company, released its fourth-quarter 2025 investor letter. The firm anticipates stronger market volatility in the coming years and has moderated its enthusiasm. A copy of the letter can be downloaded here. The Wedgewood Composite returned -1.8% (net) in the fourth quarter compared to the S&P 500’s 2.7%, the Russell 1000 Growth Index’s 1.1%, and the Russell 1000 Value Index’s 3.8% returns. YTD, the Composite gained 4.3% compared to 17.9%, 18.6%, and 15.9% returns ...

Core Insights - Motorola Solutions, Inc. (MSI) operates in the communication equipment industry, focusing on public safety and enterprise security solutions, with a market cap of $61.6 billion [1][2] Financial Performance - MSI stock has declined 26.6% from its 52-week high of $503.62 on November 29, 2024, and has dropped 21.4% over the past three months, while the S&P 500 Index returned 5.3% during the same period [3][4] - Year-to-date, MSI stock prices have fallen 20%, and over the past 52 weeks, they have decreased by 26.2%, contrasting with the S&P 500's gains of 16.5% in 2025 and 14.2% over the past year [4] - Following the release of Q3 results on October 30, MSI's stock prices fell 5.9%, despite a 7.8% year-over-year growth in overall topline revenue to $3 billion, which exceeded expectations by 58 basis points [5][6] - Adjusted EPS increased 8.6% year-over-year to $4.06, surpassing consensus estimates by 4.2% [5] Market Position and Guidance - The company raised its full-year growth guidance, primarily due to the expected contribution from the acquisition of Silvus, although this revision did not significantly impress investors [6] - MSI has underperformed compared to its peer Ubiquiti Inc., which saw a 75.7% surge in 2025 and 65.4% gains over the past 52 weeks [7] - Among 12 analysts covering MSI stock, the consensus rating is a "Moderate Buy," with a mean price target of $502, indicating a 35.8% upside potential from current price levels [7]