Quilter 13F: Adds $6.7M to Broadcom (AVGO) Stake
Key Points
- Quilter lifted its Broadcom Inc. position by 5.8% to 348,290 shares valued at approximately $122.3 million in an October 21, 2026 SEC filing.
- Broadcom Inc. trades around $337.68, down 31.8% from its 52-week high, with an annualized dividend rate of $2.60 per share.
- Four insiders sold a total of 52,592 shares earlier in mid-2026, while analysts maintain a strong buy consensus with a mean target of $527.59.
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Quilter raised its holdings in Broadcom Inc. AVGO by 5.8% during the period, adding 18,975 shares to own a total of 348,290 shares. According to a Form 13F filing on October 21, 2026, the firm's total stake was valued at $122.3 million. Broadcom closed at $337.80 on the filing date.
AVGO
Broadcom Inc.
What Changed in Quilter's Broadcom Position
Quilter grew its investment in Broadcom Inc. from 329,315 shares up to 348,290 shares. The 5.8% addition represents 18,975 new shares acquired by the firm during the reporting period, carrying a reported value of $122.3 million.
Broadcom Inc. Stock Down 1.1%
Broadcom Inc. shares recently traded around $337.68 as of October 22, 2026, sitting right around the previous day's close of $337.80. The stock trades below its 50-day moving average of $360.54 and sits 31.8% below its 52-week high of $495.00, though it remains 16.5% above its 52-week low of $289.96. The current price is well below the analyst mean price target of $527.59.
Recent Earnings
Broadcom reported trailing twelve-month revenue of $89.10 billion alongside earnings of $7.83 per share. The company generated a net profit margin of 42.9% and a return on equity of 44.2%. Year-over-year revenue growth reached 85.5%. The 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 rate of $2.60 per share, yielding 0.77%. The company's dividend payout ratio sits at 32.4%.
Insider Buying and Selling at Broadcom Inc.
Several company insiders executed stock sales in mid-2026 ahead of the filing. Director Justine F. Page sold 1,602 shares on June 29, 2026, at $373.86 for $598,916. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at $379.19 for $9.48 million, and another 25,000 shares on July 10, 2026, at $401.33 for $10.03 million. Director Gayla J. Delly sold 1,890 shares on July 8, 2026, at $385.38 for $728,368.
Analysts Set New Price Targets
Wall Street firms updated their views on Broadcom ahead of the filing. On September 3, 2026, Macquarie upgraded the stock to Outperform with a $490.00 target. Raymond James maintained its Outperform rating while raising its target to $475.00. Citigroup kept a Buy rating and lifted its target to $515.00 on September 4, 2026, while DA Davidson held a Neutral rating and lowered its target to $350.00. Piper Sandler initiated coverage on September 10, 2026, with an Overweight rating and a $460.00 target. The stock holds a consensus strong buy rating from 47 analysts.
About Broadcom Inc.
Broadcom Inc. designs and supplies semiconductor devices and infrastructure software solutions globally. The business operates across two main divisions: Semiconductor Solutions and Infrastructure Software. Headquartered in Palo Alto, California, the company employs 33,000 people and serves international markets.
Bottom Line
Quilter's increased stake shows continued institutional interest in the chip and software maker despite the stock trading below its moving averages. Investors will look toward the upcoming December earnings release for further updates on financial growth.
Related Filing Alerts
Source: Quilter'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