SBI Securities 13F: Adds $2.3M to Broadcom (AVGO) Stake
Key Points
- SBI Securities expanded its position in Broadcom Inc. (AVGO) by 10.1% in a Form 13F filing on October 22, 2026, bringing its total share count to 70,067.
- Broadcom trades recently around $330.65, up about 2.1% from its $323.90 close on the filing date.
- Tigress Financial issued a Buy rating and a $600 price target on October 22, joining a broader strong buy consensus from 47 analysts.
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SBI Securities boosted its stake in Broadcom Inc. (AVGO) during the quarter, according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 22, 2026. The firm added 6,443 shares to bring its holdings to 70,067 shares.
AVGO
Broadcom Inc.
What Changed in SBI Securities's Broadcom Inc. Position
SBI Securities grew its investment by 10.1% during the period. The added shares brought the total value of the fund's position to $24,606,830 as of the filing date.
Other Institutional Activity in Broadcom Inc.
Other major funds also adjusted their positions in the semiconductor maker recently. Quilter grew its holdings by 18,975 shares, ending with 348,290 shares worth about $122.3 million. Livforsakringsbolaget Skandia, Omsesidigt reduced its stake by 6,660 shares to hold 280,978 shares valued at roughly $98.7 million. Sumitomo Mitsui DS Asset Management Company lifted its position by 20,893 shares, finishing with 777,092 shares worth about $272.9 million. James Hambro & Partners grew its holdings by 7,523 shares to hold 261,554 shares valued at $91.8 million. Meanwhile, PineStone Asset Management opened a new position by acquiring 361,120 shares worth about $126.8 million.
Broadcom Inc. Stock Down 1.1%
Broadcom shares closed at $323.90 on the October 22 filing date and recently traded around $330.65, putting the stock up about 2.1% since that report. The stock has traded between a 52-week low of $289.96 and a high of $495.00.
Recent Earnings
Broadcom reported $89.1 billion in trailing twelve-month revenue alongside earnings of $7.83 per share. The company posted a net profit 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
The company pays an annual dividend rate of $2.60 per share, which translates to a dividend yield of 0.77%.
Insider Buying and Selling at Broadcom Inc.
Company insiders were active in the market prior to the filing. Director Justine F. Page sold 1,602 shares on June 29, 2026, at an average price of $373.86 for a total value of $598,916. Director Gayla J. Delly sold 1,890 shares on July 8, 2026, at an average price of $385.38 for a total value of $728,368. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at an average price of $379.19 for a total value of $9,479,700, and later sold another 25,000 shares on July 10, 2026, at an average price of $401.33 for a total value of $10,033,225.
Analysts Set New Price Targets
Wall Street firms kept a close eye on the stock ahead of the filing period. Macquarie upgraded the stock to an Outperform rating with a $490 price target on September 3, 2026. Citigroup maintained a Buy rating and raised its target to $515 from $500 on September 4, 2026. DA Davidson maintained a Neutral rating while lowering its target from $400 to $350 on September 4, 2026. Piper Sandler initiated coverage with an Overweight rating and a $460 price target on September 10, 2026. Tigress Financial initiated coverage with a Buy rating and a $600 price target on October 22, 2026. The stock carries a consensus recommendation key of strong buy from 47 analysts with a mean price target of $527.59.
About Broadcom Inc.
Broadcom Inc. designs, develops, and supplies a wide range of semiconductor devices and infrastructure software. Its hardware and software products power data centers, networking, broadband, and enterprise storage systems worldwide.
Bottom Line
Investors will watch how institutional demand shifts ahead of Broadcom's next financial results. The company's upcoming earnings report on December 9, 2026, will offer fresh details on profitability and growth across its semiconductor and software operations.
Related Filing Alerts
Source: SBI Securities's 13F filing on $AVGO (Oct 22, 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