Wealthcare Advisory Partners 13F: Adds $3.8M to AVGO Stake
Key Points
- Wealthcare Advisory Partners raised its Broadcom Inc. stake by 10,859 shares to reach 60,952 shares worth about $21.4 million in an October 21, 2026 filing.
- Broadcom Inc. recently traded around $330.65, sitting about 33.2% below its 52-week high of $495.00 following recent market moves.
- Several major institutional funds adjusted their stakes during the period, while insiders completed a series of share sales earlier in the summer.
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Wealthcare Advisory Partners increased its stake in Broadcom Inc. (NASDAQ: AVGO) by 21.7% during the quarter, according to a Form 13F filing disclosed on October 21, 2026. The firm added 10,859 shares of the semiconductor company to bring its total holding to 60,952 shares. The reported value of the position stood at $21,405,808. Broadcom shares closed at $337.80 on the filing date.
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Broadcom Inc.
Wealthcare Advisory Partners vs. the S&P 500
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What Changed in Wealthcare Advisory Partners's Broadcom Inc. Position
The fund's latest SEC filing shows a clear expansion of its technology sector holdings. Wealthcare Advisory Partners grew its prior stake of 50,093 shares up to 60,952 shares, reflecting the addition of 10,859 shares during the period. The firm did not open a new position or exit an existing one, choosing instead to build upon its established holding in the chip designer.
Other Institutional Activity in Broadcom Inc.
Other large institutional investors also adjusted their positions in Broadcom during a similar timeframe. First Citizens Bank & Trust grew its holdings by 44,397 shares, ending with 202,096 shares worth about $70,974,093. Kmg Fiduciary Partners trimmed its stake by 1,629 shares, leaving it with 28,070 shares valued at approximately $9,857,873. DAVENPORT lifted its holdings by 81,024 shares to finish with 566,267 shares worth about $199,302,563. Cliftonlarsonallen Wealth Advisors closed out its position by selling all 12,243 of its shares. Finally, Ninety One UK reduced its stake by 596,927 shares, ending the period with 2,188,294 shares valued at roughly $768,506,980.
Broadcom Inc. Stock Down 1.1%
Broadcom shares recently traded around $330.65 as of October 22, 2026. That puts the stock down about 2.1% from its $337.80 close on the filing date. The recent price sits about 8.3% below its 50-day moving average of $360.54 and about 10.2% below its 200-day moving average of $368.04. The stock trades roughly 33.2% below its 52-week high of $495.00 while remaining about 14.0% above its 52-week low of $289.96. The average analyst price target for the stock stands at $527.59, putting the recent price about 37.3% below that consensus target.
Recent Earnings
Broadcom reported trailing-twelve-month revenue of $89.1 billion 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 quarterly earnings report is scheduled for release 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.
Dividend
Broadcom pays an annual dividend rate of $2.60 per share, giving the stock a dividend yield of 0.77%. The company's dividend payout ratio stands at 32.4%.
Insider Buying and Selling at Broadcom Inc.
Company insiders completed several transactions earlier in the year. 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. Officer Mark David Brazeal sold 25,000 shares on July 8, 2026, at $379.19 per share, totaling $9,479,700. Director Gayla J. Delly sold 1,890 shares on July 8, 2026, at $385.38 per share for a total of $728,368. Later, on July 10, 2026, Mark David Brazeal sold another 25,000 shares at $401.33 per share, totaling $10,033,225.
Analysts Set New Price Targets
Wall Street analysts have updated their views on the stock in recent months. Macquarie upgraded the shares to an Outperform rating with a $490.00 price target on September 3, 2026. Raymond James maintained an Outperform rating while raising its target to $475.00 from $450.00 on the same day. Citigroup maintained a Buy rating and lifted its target to $515.00 from $500.00 on September 4, 2026. DA Davidson maintained a Neutral rating while lowering its target to $350.00 from $400.00 on September 4, 2026. Piper Sandler initiated coverage with an Overweight rating and a $460.00 price target on September 10, 2026. Broadcom currently holds a consensus recommendation key of strong_buy across 47 analyst opinions.
About Broadcom Inc.
Broadcom Inc. designs and supplies semiconductor devices and infrastructure software solutions around the world. Operating through its Semiconductor Solutions and Infrastructure Software segments, the company provides critical components that power modern networking, data centers, and enterprise software systems. Institutional investments like Wealthcare Advisory Partners' recent addition reflect ongoing portfolio adjustments across the technology sector.
Bottom Line
Wealthcare Advisory Partners' decision to expand its position adds to a mixed picture of institutional activity surrounding the chipmaker. Investors will be watching for the company's next earnings report on December 9, 2026, to gauge ongoing demand across its semiconductor and software operations.
Related Filing Alerts
Source: Wealthcare Advisory Partners'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