B. Riley Wealth Advisors 13F: Adds $5.7M to Broadcom (AVGO) Stake
The firm boosted its Broadcom holdings by 28.2%, reflecting confidence in the tech giant.
Reviewed by automated data checks against the source filing. How we make and check alerts
B. Riley Wealth Advisors added 16,191 shares to its stake in Broadcom Inc. ($AVGO), a 28.18% increase, according to a 13F filing with the SEC dated October 13, 2026. It reported 73,656 shares worth $25.87 million at the end of the quarter.
Since the filing, $AVGO is down 8.0% to date (from the $357.31 close on Oct 13, 2026).
Find the original: B. Riley Wealth Advisors 13F filings on SEC EDGAR
AVGO
Broadcom Inc.
Key Points
- B. Riley Wealth Advisors increased its stake in Broadcom Inc. by 28.2%, adding 16,191 shares for a total of 73,656 shares valued at $25.87 million.
- Broadcom Inc. has a market cap of over $1.73 trillion and a P/E ratio of 46.3, with shares trading between $289.96 and $495 over the past year.
- The company pays a $2.60 annual dividend with a yield of 0.73%, and analysts have a strong buy consensus with an average price target of $531.85.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Broadcom Inc. alert may contain errors. Disclosures
B. Riley Wealth Advisors has increased its stake in Broadcom Inc. (NasdaqGS: AVGO) by adding 16,191 shares, bringing its total to 73,656 shares. The value of this position is approximately $25.87 million, based on the latest Form 13F filing with the SEC. This move represents a 28.2% increase in their holdings.
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What Changed in B. Riley Wealth Advisors' Broadcom Position
B. Riley Wealth Advisors boosted its position in Broadcom from 57,465 shares to 73,656 shares, an increase of 16,191 shares. The reported value of these holdings is now about $25.87 million. This significant increase indicates a strong belief in Broadcom's potential.
Broadcom Inc. Stock Down 4.5%
On Friday, shares of Broadcom Inc. (NasdaqGS: AVGO) were trading close to their previous close of $356.96. Broadcom has a market capitalization of approximately $1.73 trillion and a P/E ratio of 46.3, with a forward P/E of 18.7. The stock has experienced a 52-week range between $289.96 and $495. Its 50-day moving average is $379.01, while the 200-day moving average stands at $369.00. Broadcom maintains a current ratio of 2.50 and a quick ratio of 2.15, with a debt-to-equity ratio of 59.60.
Recent Earnings
Broadcom reported revenue of $89.10 billion, with a year-over-year growth rate of 85.5%. The company achieved a net margin of 42.9% and a return on equity of 44.2%. Earnings per share were $7.83. The next earnings report is expected 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 offers an annual dividend rate of $2.60, yielding 0.73%. The dividend payout ratio is 32.4%, providing income to shareholders while maintaining reinvestment capacity.
About Broadcom Inc.
Based in Palo Alto, California, Broadcom Inc. is a leading player in the technology sector, focusing on semiconductors and infrastructure software. The company, led by CEO Mr. Hock Eng Tan, employs 33,000 people. Broadcom designs and supplies various semiconductor devices and software solutions, serving industries such as networking, wireless communication, and data storage.
Bottom Line
B. Riley Wealth Advisors' decision to increase its stake in Broadcom underscores the firm's confidence in the tech giant's growth prospects. As a semiconductor and software powerhouse, Broadcom remains a key player in the tech industry. Investors often track these filings to understand institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions.
Related Filing Alerts
Source: B. Riley Wealth Advisors's 13F filing on $AVGO (Oct 13, 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: B. Riley Wealth Advisors 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts