First Citizens Bank & Trust 13F: Adds $16M to AVGO Stake
The bank raised its holdings by 44,397 shares, now owning 202,096 shares of Broadcom.
Reviewed by automated data checks against the source filing. How we make and check alerts
First Citizens Bank & Trust added 44,397 shares to its stake in Broadcom Inc. ($AVGO), a 28.15% increase, according to a 13F filing with the SEC dated October 14, 2026. It reported 202,096 shares worth $70.97 million at the end of the quarter.
Since the filing, $AVGO is down 5.0% to date (from the $346.25 close on Oct 14, 2026).
Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR
AVGO
Broadcom Inc.
Key Points
- First Citizens Bank & Trust increased its stake in Broadcom Inc. by 28.2%, adding 44,397 shares, for a total of 202,096 shares valued at $70.97 million.
- Broadcom, a major player in the semiconductor industry, has a market cap of $1.64 trillion and a forward P/E of 17.75, with shares trading between $289.96 and $495.00 over the past year.
- The company offers a dividend yield of 0.76% and has a strong buy consensus among analysts, with a mean target price of $527.59.
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First Citizens Bank & Trust has increased its holdings in Broadcom Inc. (NasdaqGS: AVGO), boosting its stake by 28.2% according to its latest 13F filing with the SEC. The bank added 44,397 shares during the period, bringing its total to 202,096 shares, which are valued at approximately $70.97 million.
First Citizens Bank & Trust vs. the S&P 500
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What Changed in First Citizens Bank & Trust's Broadcom Position
First Citizens Bank & Trust's latest move saw it increase its stake in Broadcom by 28.2%, reflecting an addition of 44,397 shares. This brings the bank's total holdings to 202,096 shares, with a reported value of $70.97 million. Previously, the bank held 157,699 shares.
Broadcom Inc. Stock Down 4.5%
Shares of Broadcom Inc. traded near $346.25 on Friday. The company, a leader in semiconductor devices and infrastructure software, has a substantial market cap of $1.64 trillion. It holds a P/E ratio of 45.37 and a forward P/E of 17.75, with a beta of 1.476. Over the past 52 weeks, Broadcom's stock has ranged from $289.96 to $495.00, with a 50-day moving average of $367.56 and a 200-day moving average of $368.29. The company maintains a current ratio of 2.50 and a quick ratio of 2.15, alongside a debt-to-equity ratio of 59.60.
Recent Earnings
In its latest financial results, Broadcom reported revenue of $89.10 billion, with a growth rate of 0.86%. The company posted an EPS of $7.59, and a net margin of 42.94%. Broadcom's return on equity stood at 44.25%. The next earnings announcement is expected 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.
Dividend
Broadcom offers a dividend yield of 0.76%, with an annual payout ratio of 32.44%.
About Broadcom Inc.
Broadcom Inc. is a global technology company based in Palo Alto, California, specializing in the design and development of semiconductor devices and infrastructure software solutions. The company operates through two main segments: Semiconductor Solutions and Infrastructure Software. Its products are integral to a wide range of applications, including networking, broadband access, and data center storage systems. Broadcom is led by CEO Hock Eng Tan and employs around 33,000 people worldwide.
Bottom Line
The increased stake by First Citizens Bank & Trust in Broadcom Inc. highlights its confidence in the company's performance. Investors often track such filings to gauge institutional sentiment, although it's important to remember that 13F filings reflect past positions and may not indicate current holdings. Broadcom continues to be a significant player in the semiconductor industry, with strong financial metrics and an optimistic outlook from analysts.
Related Filing Alerts
Source: First Citizens Bank & Trust's 13F filing on $AVGO (Oct 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts