Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Broadcom Inc. (NASDAQ:AVGO)

Key Points

• Rep. Gilbert Ray Cisneros Jr. sold between $1,001 and $15,000 of Broadcom shares on September 16, according to a disclosure filed October 12. The transaction occurred through his 150 Main Street Trust account at Bank of America.
• Broadcom reported quarterly revenue of $29.59 billion and EPS of $3.32, beating analyst estimates, while revenue increased 85.5% year over year. The company also paid a quarterly dividend of $0.65 per share, representing a 0.7% annualized yield.
• Broadcom remains focused on AI networking, custom AI chips and VMware security products, but management has warned that limited capital availability could constrain AI expansion. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $527.20.

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 Price Performance

Shares of AVGO opened at $357.31 on Wednesday. Broadcom Inc. has a 52 week low of $289.96 and a 52 week high of $495.00. 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 $1.71 trillion, a price-to-earnings ratio of 45.63 and a beta of 1.46. The stock has a 50 day moving average of $369.27 and a 200-day moving average of $383.32.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.10. Broadcom had a return on equity of 48.33% and a net margin of 42.94%. The business had revenue of $29.59 billion for the quarter, compared to analyst estimates of $29.24 billion. During the same period in the prior year, the company posted $1.69 EPS. The business's revenue was up 85.5% compared to the same quarter last year. As a group, analysts forecast that Broadcom Inc. will post 10.37 EPS for the current year.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.65 dividend. The ex-dividend date was Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 33.21%.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Broadcom plans to launch an AI networking platform at the OCP Global Summit, potentially strengthening its position in the rapidly expanding market for hyperscale data-center connectivity. Broadcom To Launch AI Networking Platform
• Positive Sentiment: The company introduced VMware HyperArmor, a security product designed to protect VMware Cloud Foundation hypervisors from increasingly sophisticated cyberattacks. The launch supports Broadcom’s recurring infrastructure-software strategy and could improve VMware’s product value. Broadcom Introduces VMware HyperArmor
• Positive Sentiment: Analysts and commentators continue to highlight Broadcom’s custom AI-chip business, including multiyear hyperscaler contracts and demand from customers such as Google. This model allows AVGO to benefit from AI spending without competing directly with Nvidia in general-purpose GPUs. Broadcom and Google AI Designs
• Neutral Sentiment: CEO Hock Tan warned that capital availability—not memory-chip supply—could become the biggest bottleneck for AI expansion. The comments raise concerns about the sustainability of data-center spending, even as Broadcom reportedly increased its AI revenue outlook. Capital Crunch Could Become AI Bottleneck
• Neutral Sentiment: Broadcom is being promoted as a leading AI and dividend stock, but comparisons with Nvidia, Qualcomm and Oracle emphasize that investors must weigh growth, leverage and valuation rather than AI exposure alone. Dividend Stocks Offering AI Exposure
• Negative Sentiment: Tan’s description of AI investors as casino gamblers may reinforce concerns that the sector has become speculative and vulnerable to a pullback if funding or expected returns deteriorate. Broadcom CEO Compared AI Investors to Gamblers
• Negative Sentiment: AVGO remains well below its record high, with technical indicators showing continued pressure. Profit-taking across semiconductor equipment stocks and renewed concern about AI-related financing are weighing on sentiment toward the broader chip group. Broadcom Stock Analysis

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. Raymond James Financial reaffirmed an "outperform" rating and set a $475.00 price objective (up from $450.00) on shares of Broadcom in a research report on Thursday, September 3rd. DA Davidson set a $350.00 price objective on shares of Broadcom and gave the stock a "neutral" rating in a research note on Friday, September 4th. Sanford C. Bernstein reissued a "buy" rating on shares of Broadcom in a report on Monday, September 21st. Truist Financial decreased their target price on Broadcom from $550.00 to $520.00 and set a "buy" rating for the company in a research note on Thursday, September 3rd. Finally, JPMorgan Chase & Co. restated a "buy" rating on shares of Broadcom in a research note on Thursday, September 3rd. One 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 a consensus rating of "Moderate Buy" and an average price target of $527.20.

Institutional Investors Weigh In On Broadcom

Institutional investors and hedge funds have recently modified their holdings of the stock. Allied Investment Advisors LLC boosted its stake in Broadcom by 6.0% in the 3rd quarter. Allied Investment Advisors LLC now owns 2,691 shares of the semiconductor manufacturer's stock worth $945,000 after purchasing an additional 152 shares during the period. Wetzel Investment Advisors Inc. boosted its position in shares of Broadcom by 1.1% in the third quarter. Wetzel Investment Advisors Inc. now owns 2,972 shares of the semiconductor manufacturer's stock worth $1,044,000 after buying an additional 31 shares during the period. Signal Advisors Wealth LLC boosted its position in shares of Broadcom by 0.7% in the third quarter. Signal Advisors Wealth LLC now owns 62,276 shares of the semiconductor manufacturer's stock worth $21,871,000 after buying an additional 408 shares during the period. Copeland Capital Management LLC grew its holdings in shares of Broadcom by 346.9% during the third quarter. Copeland Capital Management LLC now owns 341,459 shares of the semiconductor manufacturer's stock valued at $119,917,000 after buying an additional 265,045 shares in the last quarter. Finally, BigSur Wealth Management LLC grew its stake in Broadcom by 10.9% during the 3rd quarter. BigSur Wealth Management LLC now owns 10,156 shares of the semiconductor manufacturer's stock valued at $3,567,000 after acquiring an additional 1,000 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

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

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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