Investment House 13F: Adds $5.4M to Broadcom (AVGO) Stake
Key Points
- An institutional investor added 15,376 shares of Broadcom Inc. (AVGO) to lift its total holding to 24,504 shares worth roughly $8.6 million in a filing on October 21, 2026.
- The stock recently traded at $330.65, sitting 2.1% below its filing-day close of $337.80.
- Broadcom carries trailing twelve-month revenue of $89.1 billion alongside an annual dividend rate of $2.60 per share.
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An investment house grew its holdings in Broadcom Inc. AVGO by 168.4% during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 21, 2026. Broadcom closed at $337.80 on the day of the filing.
AVGO
Broadcom Inc.
Investment House vs. the S&P 500
Hypothetical returns from Investment House's disclosed trades, not real profit or advice. How we model this.
What Changed in Investment House's Broadcom Position
The firm added 15,376 shares during the quarter, bringing its total position to 24,504 shares. The reported value of the stake reached approximately $8,605,560 at the time of the report. This change followed a prior holding of 9,128 shares.
Other Institutional Activity in Broadcom
Other major funds adjusted their positions around the same time. Montrusco Bolton Investments cut its holdings by 168,775 shares, ending with 468,632 shares worth about $164.6 million. First Citizens Bank & Trust grew its stake by 44,397 shares to hold 202,096 shares valued at roughly $71.0 million. Kmg Fiduciary Partners reduced its position by 1,629 shares to finish with 28,070 shares worth about $9.9 million. DAVENPORT added 81,024 shares, bringing its total to 566,267 shares valued at about $199.3 million. Cliftonlarsonallen Wealth Advisors sold out entirely, liquidating its 12,243-share position.
Broadcom Inc. Stock Down 1.1%
Broadcom shares recently traded around $330.65 on October 22, 2026, down about 2.1% from the filing-day close of $337.80. The stock has traded between a 52-week low of $289.96 and a 52-week high of $495.00. The shares sit below their 50-day moving average of $360.54 and their 200-day moving average of $368.04.
Recent Earnings
Broadcom posted trailing twelve-month revenue of $89.1 billion and earnings of $7.83 per share. The company reported a net margin of 42.9% and a return on equity of 44.2%. Its 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.
Dividend
Broadcom pays an annual dividend of $2.60 per share with a dividend yield of 0.77%.
Insider Buying and Selling at Broadcom Inc.
Company insiders completed several transactions prior to the filing. Director Justine F. Page sold 1,602 shares on June 29, 2026, at an average price of $373.86. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at $379.19 per share, and another 25,000 shares on July 10, 2026, at $401.33. Director Gayla J. Delly sold 1,890 shares on July 8, 2026, at $385.38 per share.
Analysts Set New Price Targets
Analyst coverage includes several recent rating updates. Macquarie upgraded the stock to an outperform rating on September 3, 2026. Raymond James maintained an outperform rating with a $475.00 price target on the same day. Citigroup kept a buy rating on September 4, 2026. DA Davidson maintained a neutral rating on September 4, 2026. Piper Sandler initiated coverage with an overweight rating on September 10, 2026. Across 47 analyst opinions, the stock holds a consensus strong buy rating with a mean price target of $527.59.
About Broadcom
Broadcom Inc. designs, develops, and supplies a wide range of semiconductor devices and infrastructure software applications. The company serves global customers through its core semiconductor solutions and software segments, supporting modern networking, data centers, and enterprise tech systems.
Bottom Line
Investors will watch the upcoming earnings release on December 9, 2026, for further updates on revenue growth and software segment performance. Future institutional filings will show whether other major funds follow this buying pattern.
Related Filing Alerts
Source: Investment House's 13F filing on $AVGO (Oct 21, 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