Alta Capital Management Llc/ 13F: Cuts AVGO Stake by $7.8M
Key Points
- Alta Capital Management's reduction of 22,203 shares represents a 10.5% decrease in its stake, now worth approximately $66.5 million.
- Alta Capital Management Llc/ held 189,404 $AVGO shares at quarter end, down 10.49% from the prior quarter.
- Broadcom shares recently traded around $329.28, about equal to the closing price of $329.17 on the filing date, but are below their 50-day and 200-day moving averages.
- Analysts have a strong buy consensus on Broadcom, with a mean price target of $529.1, indicating potential upside from the recent trading levels.
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Alta Capital Management cut its position in Broadcom Inc. (AVGO) by 22,203 shares in a filing on October 26, 2026. The fund now holds 189,404 shares valued at about $66.5 million. This reduction represents a 10.5% decrease in its stake in the company.
AVGO
Broadcom Inc.
Where Broadcom Fits in Alta Capital Management's Portfolio
Broadcom now makes up 6.25% of Alta Capital's reported portfolio, ranking fifth among its 215 holdings. The recent cut amounts to a dollar change of approximately $7.8 million.
Other Institutional Activity in Broadcom
On the same day, UniSuper Management increased its position in Broadcom by 47,938 shares, bringing its total to 1,612,819 shares worth about $566.4 million. Meanwhile, Gf Fund Management cut its stake by 135,298 shares, now holding 490,462 shares valued at around $172.2 million.
Broadcom Inc. Stock Up 2.4%
Broadcom shares recently traded around $329.28, which is about equal to the closing price of $329.17 on October 26, 2026. The stock is currently below its 50-day and 200-day moving averages by 7.4% and 10.5%, respectively, and is 33.5% below its 52-week high of $495.00.
Recent Earnings
For the trailing twelve months, Broadcom reported revenue of approximately $89.1 billion, with a net margin of 42.9% and a return on equity of 44.2%. The company's next earnings report is scheduled for December 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
14 target raises vs 1 cuts.
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EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
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Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 14 target raises, 1 target cut.
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Earnings quality
Gross margin down 0.7 points. Operating margin up 10.1 points. Positive free cash flow.
Earnings Call Summary
Broadcom reported record quarterly revenue of $22.2 billion, up 48 percent from last year, driven by massive AI chip demand. AI chip sales alone hit $10.8 billion, up 143 percent, with bookings exceeding $30 billion against only $10.8 billion shipped, showing extreme customer demand. The company is executing partnerships with Google, Anthropic, OpenAI, and Meta to build large-scale AI compute clusters, with multiple gigawatt commitments starting to ramp in 2027 and beyond.
Guidance The company expects total sales of about $29.4 billion next quarter, up 84 percent year over year. Within that, AI chip sales should hit $16 billion, up over 200 percent. The company also raised its full-year AI sales target to $56 billion and reiterated guidance for 2027 AI sales to exceed $100 billion. Operating margins will stay stable at 67 percent even as the company grows.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Insider Buying and Selling at Broadcom Inc.
Several insiders sold shares earlier this year. Director Justine F. Page sold 1,602 shares at an average price of $373.86 on June 29, 2026, totaling about $598,916. Officer Mark David Brazeal sold 25,000 shares at an average price of $379.19 on July 8, 2026, valued at approximately $9.5 million. Additionally, he sold another 25,000 shares at $401.33 on July 10, 2026, worth about $10 million.
Analysts Set New Price Targets
On September 3, 2026, Macquarie upgraded Broadcom to an Outperform rating with a target price of $490. Later, on September 4, Citigroup maintained its Buy rating and raised its price target to $515. Analysts currently have a strong buy consensus on Broadcom, with a mean price target of $529.1 based on 48 opinions.
About Broadcom
Broadcom Inc. designs and supplies a variety of semiconductor devices and infrastructure software solutions worldwide. The company operates in two segments: Semiconductor Solutions and Infrastructure Software, playing a crucial role in the technology sector.
Bottom Line
Investors should keep an eye on Broadcom's upcoming earnings release on December 9, 2026, and track any further changes in institutional holdings, especially given the recent activity from Alta Capital Management and other funds.
Related Filing Alerts
Source: Alta Capital Management Llc/'s 13F filing on $AVGO (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts