GLOBALT Investments LLC / GA 13F: Cuts AVGO Stake by $820K
Key Points
- GLOBALT Investments now holds 72,945 shares of Broadcom, a reduction of 2,334 shares, which is a 3.1% decrease from the previous total.
- As of October 27, 2026, Broadcom shares closed at $342.33, which is about equal to the recent trading price of $342.45.
- The firm reported a total value of $1.68 billion in its 13F filing, with Broadcom representing 1.52% of its portfolio.
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On October 27, 2026, GLOBALT Investments LLC trimmed its position in Broadcom Inc. (AVGO) by 2,334 shares, reducing its total holdings to 72,945 shares valued at approximately $25.6 million. This information comes from the firm's latest Form 13F filing with the SEC, which covers the period ending September 30, 2026.
In its recent filing, GLOBALT reported a total value of $1.68 billion across all its positions, with Broadcom representing 1.52% of its portfolio. The firm ranks 15th among its 212 reported holdings. The reduction in shares reflects a decrease of 3.1% in its stake.
AVGO
Broadcom Inc.
Other Institutional Activity in Broadcom
Several other funds have also adjusted their positions in Broadcom recently. Gf Fund Management cut its stake by 135,298 shares, bringing its total to 490,462 shares valued at about $172.2 million. Alta Capital Management reduced its holdings by 22,203 shares, ending with 189,404 shares worth approximately $66.5 million. In contrast, Simon Quick Advisors increased its stake by 4,828 shares, now holding 26,623 shares valued at around $9.3 million.
Broadcom Inc. Stock Up 6.5%
Broadcom shares recently traded around $342.45, which is about equal to the closing price of $342.33 on October 27, 2026. The stock is currently below both its 50-day moving average of $355.48 and its 200-day moving average of $367.81, indicating potential challenges ahead. Furthermore, the shares are about 30.8% below their 52-week high of $495.00.
Recent Earnings
Broadcom reported strong financials with trailing twelve-month revenue of approximately $89.1 billion and a net margin of 42.9%. The company is set to announce its next earnings 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.
Insider Buying and Selling at Broadcom Inc.
Insiders at Broadcom have been active, with several directors and officers selling shares earlier this year. For instance, Director Justine F. Page sold 1,602 shares on June 29, 2026, at an average price of $373.86, totaling about $598,916. Another director, Gayla J Delly, sold 1,890 shares on July 8, 2026, at an average price of $385.38, totaling around $728,368.
Analysts Set New Price Targets
On October 27, 2026, Rosenblatt maintained its Buy rating for Broadcom with a price target of $600. On the same day, DA Davidson upgraded its rating to Buy, with a target of $400. The consensus recommendation for Broadcom remains a strong Buy, with a mean price target of $529.1 based on 48 analyst opinions.
About Broadcom
Broadcom Inc. designs and supplies a wide range of semiconductor devices and infrastructure software solutions. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. This recent trimming of shares by GLOBALT Investments may reflect broader market conditions affecting the semiconductor sector.
Bottom Line
Investors should monitor Broadcom's upcoming earnings report on December 9, 2026, as well as any further 13F filings that may provide insights into institutional sentiment. This move by GLOBALT Investments indicates a slight reduction in their confidence in Broadcom amidst changing market dynamics.
Related Filing Alerts
Source: GLOBALT Investments LLC / GA's 13F filing on $AVGO (Oct 27, 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