Bernardo Wealth Planning 13F: Adds $1.4M to Broadcom (AVGO) Stake
Key Points
- Bernardo Wealth Planning increased its holdings in Broadcom by 3,899 shares, raising its total to 7,022 shares worth approximately $2.47 million as of October 23, 2026.
- The stock recently traded around $329.28, which is about 2.4% above its closing price of $321.68 on the filing date.
- Broadcom has a market cap of about $1.54 trillion and a P/E ratio of 42.95, indicating high investor expectations for future growth.
Since the filing, $AVGO is up 2.3% to date (from the $321.68 close on Oct 23, 2026).
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On October 23, 2026, Bernardo Wealth Planning boosted its position in Broadcom Inc. (AVGO) by 3,899 shares, increasing its total to 7,022 shares valued at about $2.47 million. This information comes from the fund's latest Form 13F filing with the SEC.
AVGO
Broadcom Inc.
Bernardo Wealth Planning vs. the S&P 500
Hypothetical returns from Bernardo Wealth Planning's disclosed trades, not real profit or advice. How we model this.
What Changed in Bernardo Wealth Planning's Broadcom Position
Bernardo Wealth Planning increased its stake in Broadcom by 3,899 shares, a 124.8% change from its previous total of 3,123 shares. The reported value of this position now stands at approximately $2,466,002.
Where Broadcom Fits in Bernardo Wealth Planning's Portfolio
Broadcom now makes up 0.33% of Bernardo Wealth Planning's reported 13F holdings, ranking 37th among the fund's 143 positions. This significant increase adds to the fund's overall reported value of about $750.6 million.
Other Institutional Activity in Broadcom
Several other funds have also made moves in Broadcom recently. Howland Capital Management grew its holdings by 5,793 shares, bringing its total to 45,509 shares worth about $15.98 million. Wealthcare Advisory Partners increased its stake by 10,859 shares, totaling 60,952 shares valued at approximately $21.41 million. Meanwhile, Perigon Wealth Management reduced its holdings by 9,926 shares, ending with 147,532 shares worth about $51.81 million.
Broadcom Inc. Stock Up 2.4%
Broadcom shares recently traded around $329.28, which is about 2.4% above its closing price of $321.68 on October 23, 2026. The stock is currently below its 50-day and 200-day moving averages, which stand at $356.76 and $367.82, respectively. Additionally, it is about 33.5% below its 52-week high of $495.00.
Recent Earnings
Broadcom reported trailing twelve-month revenue of approximately $89.1 billion, with a net margin of 42.9%. The company is expected to announce its next earnings report on 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.
Analysts Set New Price Targets
On October 22, 2026, Tigress Financial initiated coverage on Broadcom with a Buy rating and a price target of $600. Earlier, on September 3, 2026, Macquarie upgraded the stock to Outperform with a target of $490. The consensus recommendation for Broadcom is a strong Buy, with a mean price target of $529.1 based on 48 analyst opinions.
About Broadcom
Broadcom Inc. designs and supplies various semiconductor devices and infrastructure software solutions globally. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. This position change by Bernardo Wealth Planning reflects a growing confidence in the technology sector, particularly in semiconductor companies like Broadcom.
Bottom Line
Investors should keep an eye on Broadcom's upcoming earnings report on December 9, 2026, and any further filings from Bernardo Wealth Planning. The recent boost in holdings suggests ongoing interest in the semiconductor sector despite market fluctuations.
Related Filing Alerts
Source: Bernardo Wealth Planning's 13F filing on $AVGO (Oct 23, 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