Waverly Advisors 13F: Adds $3.7M to Broadcom (AVGO) Stake
Waverly Advisors added 9,955 shares of Broadcom Inc., growing its portfolio stake by 3.8% according to an SEC filing.
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Waverly Advisors added 9,955 shares to its stake in Broadcom Inc. ($AVGO), a 3.83% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 270,142 shares worth $101.47 million at the end of the quarter.
Since the filing, $AVGO is down 2.6% after 1 week, down 7.3% after 1 month and down 22.4% to date (from the $423.75 close on May 15, 2026).
Find the original: Waverly Advisors 13F filings on SEC EDGAR
AVGO
Broadcom Inc.
Key Points
- Waverly Advisors expanded its position in Broadcom Inc. NasdaqGS AVGO by 3.8%, purchasing an additional 9,955 shares during the period.
- The fund's total investment reached 270,142 shares valued at approximately $101.5 million, based on data from its latest Form 13F filing with the SEC.
- Broadcom shares trade around $375.61, backed by a strong consensus recommendation and broad institutional attention across the technology sector.
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Waverly Advisors Boosts Position in Broadcom
Waverly Advisors added to its investment in Broadcom Inc. NasdaqGS AVGO during the period, according to a Form 13F filed with the Securities and Exchange Commission. The filing reflects holdings as of May 15, 2026, and may not represent the investor's current position today. The firm is known for adjusting its equity allocations across major industrial and technology names.
Portfolio Addition Details
The firm grew its stake by 3.8%, picking up 9,955 shares to bring its total count to 270,142 shares. That move followed an earlier holding of 260,187 shares. The reported value of the stake reached roughly $101.5 million at the close of the period.
Broadcom Stock Performance
Broadcom shares recently changed hands at $375.61 on Saturday. The tech giant has seen steady trading activity, sitting near its 50-day moving average of $367.56 and its 200-day moving average of $368.29. Over the past year, the shares have traded between a low of $289.96 and a high of $495.00.
Recent Earnings and Financials
Broadcom reported annual revenue of $89.1 billion alongside an impressive net margin of 42.9%. The company posted earnings of $7.59 per share with a return on equity of 44.2%. Investors look toward the next earnings report scheduled for December 9, 2026, for updates on revenue growth and profit margins.
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.
Recent regulatory filings show notable insider activity by Henry Samueli. On June 17, 2026, he bought 1,602 shares and sold 1,602 shares. On June 18, 2026, he bought 1,890 shares and sold 1,890 shares. Later on June 24, 2026, Samueli sold 333,401 shares.
Analysts Set New Price Targets
Wall Street firms continue to update their views on the semiconductor designer. On September 10, 2026, Piper Sandler initiated coverage with an overweight rating and a $460.00 price target. On September 4, 2026, Citigroup maintained a buy rating and raised its price target from $500.00 to $515.00. On the same day, DA Davidson maintained a neutral rating while cutting its target from $400.00 to $350.00. Macquarie upgraded the stock to outperform with a $490.00 target on September 3, 2026. Raymond James maintained an outperform rating and lifted its target to $475.00 on September 3, 2026. Evercore ISI Group maintained an outperform rating with a target of $578.00 on September 3, 2026. TD Cowen maintained a buy rating and lowered its target from $500.00 to $475.00 on September 3, 2026. Truist Securities maintained a buy rating and lowered its target from $550.00 to $520.00 on September 3, 2026. Overall, the stock holds a consensus recommendation of strong_buy across 47 analyst opinions.
Company Background
Broadcom Inc. designs and supplies semiconductor devices and infrastructure software solutions globally. The company operates through two main segments, offering custom silicon solutions, networking equipment, cybersecurity tools, and enterprise cloud software used in data centers and telecommunications.
What to Watch at Broadcom Inc.
Institutional investors will monitor upcoming quarterly results and regulatory filings to see how major wealth managers adjust their technology portfolios. These historical snapshots offer insight into past portfolio shifts but do not serve as investment advice.
Related Filing Alerts
Source: Waverly Advisors's 13F filing on $AVGO (May 15, 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: Waverly Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts