Broadcom (NASDAQ:AVGO) Shares Sold Off by Rep. Gilbert Ray Cisneros, Jr.

Posted by on Oct 14th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Broadcom Inc. (NASDAQ:AVGO). In a filing disclosed on October 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in Broadcom stock on September 16th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

  • Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
  • Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
  • Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
  • Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
  • Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
  • Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
  • Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
  • Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
  • Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
  • Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.

Broadcom Stock Down 1.6%

Shares of AVGO stock traded down $5.78 during midday trading on Wednesday, reaching $351.53. 4,397,328 shares of the stock were exchanged, compared to its average volume of 24,891,971. Broadcom Inc. has a 1 year low of $289.96 and a 1 year high of $495.00. The company’s 50 day moving average is $369.27 and its two-hundred day moving average is $383.32. The company has a current ratio of 2.50, a quick ratio of 2.29 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.68 trillion, a PE ratio of 44.76 and a beta of 1.46.

Broadcom (NASDAQ:AVGO – Get Free Report) last released its earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The company had revenue of $29.59 billion during the quarter, compared to analysts’ expectations of $29.24 billion. During the same quarter last year, the business posted $1.69 EPS. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. On average, equities research analysts predict that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s payout ratio is presently 33.21%.

Hedge Funds Weigh In On Broadcom

A number of hedge funds have recently bought and sold shares of the business. Fullerton Advisors LLC lifted its holdings in Broadcom by 1.3% during the 1st quarter. Fullerton Advisors LLC now owns 1,989 shares of the semiconductor manufacturer’s stock worth $616,000 after purchasing an additional 25 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its position in shares of Broadcom by 0.5% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 5,350 shares of the semiconductor manufacturer’s stock worth $1,656,000 after buying an additional 25 shares in the last quarter. RFG Holdings Inc. increased its stake in Broadcom by 0.3% in the 1st quarter. RFG Holdings Inc. now owns 8,499 shares of the semiconductor manufacturer’s stock worth $2,631,000 after acquiring an additional 26 shares during the last quarter. Yukon Wealth Management Inc. lifted its position in Broadcom by 1.1% during the first quarter. Yukon Wealth Management Inc. now owns 2,501 shares of the semiconductor manufacturer’s stock valued at $774,000 after purchasing an additional 26 shares during the last quarter. Finally, NerdWallet Wealth Partners LLC raised its position in Broadcom by 2.6% during the second quarter. NerdWallet Wealth Partners LLC now owns 1,057 shares of the semiconductor manufacturer’s stock valued at $399,000 after purchasing an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James Financial reiterated an “outperform” rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, September 3rd. Royal Bank Of Canada started coverage on shares of Broadcom in a research note on Thursday, September 3rd. They issued an “outperform” rating for the company. BMO Capital Markets lifted their price target on shares of Broadcom from $455.00 to $575.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Broadcom in a research note on Thursday, September 3rd. Finally, Dbs Bank upgraded shares of Broadcom to a “moderate buy” rating in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $527.20.

Check Out Our Latest Stock Analysis on Broadcom

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

  • Positive Sentiment: Broadcom’s custom AI accelerator and networking businesses remain a major bullish driver. The company is securing hyperscaler orders extending into 2028 as customers increasingly develop their own AI chips instead of relying exclusively on Nvidia GPUs. One Stock Could Benefit as AI Spending Moves Beyond Nvidia
  • Positive Sentiment: The planned AI networking platform launch at the OCP Global Summit could reinforce Broadcom’s position as a supplier of the connectivity and infrastructure needed for large-scale data centers. Its VMware software business also introduced HyperArmor, adding a new cybersecurity product for VMware Cloud Foundation. Broadcom To Launch AI Networking Platform Broadcom Introduces VMware HyperArmor
  • Neutral Sentiment: Erste Group modestly raised its FY2027 EPS forecast to $17.59 from $17.54, but maintained a Hold rating. The small estimate increase provides limited new support compared with the broader AI narrative. Broadcom analyst estimate information
  • Negative Sentiment: CEO Hock Tan warned that capital availability—not memory chips—may be the biggest constraint on AI-driven growth and described AI investing as a “casino.” The comments raise concerns about excessive spending, customer financing needs and the sustainability of AI infrastructure demand. Broadcom CEO sees capital hurdle to AI growth
  • Negative Sentiment: Reports of a potential $50 billion debt deal add balance-sheet and execution concerns. Although the financing could support AI infrastructure demand, investors may worry about leverage, credit risk and whether future growth depends too heavily on borrowed capital. What a $50 billion debt deal could mean for Broadcom stock

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Broadcom Company Profile

(Get Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops, and supplies semiconductor and infrastructure software products. Its semiconductor solutions support wired and wireless communications, data center networking, broadband access, storage, industrial applications, and other markets.

The company’s semiconductor portfolio includes networking and switching products, custom application-specific integrated circuits, wireless connectivity components, radio-frequency devices, optical components, and storage-related solutions.

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