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

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 3.3%

NASDAQ:AVGO traded down $11.87 during trading hours on Wednesday, reaching $345.44. The company’s stock had a trading volume of 9,490,141 shares, compared to its average volume of 24,920,906. The company has a market capitalization of $1.65 trillion, a P/E ratio of 44.21 and a beta of 1.46. Broadcom Inc. has a 12 month low of $289.96 and a 12 month high of $495.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.29 and a current ratio of 2.50. The stock has a 50 day moving average price of $369.27 and a two-hundred day moving average price of $383.32.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 earnings per share 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 for the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter last year, the company earned $1.69 earnings per share. The firm’s revenue for the quarter was up 85.5% compared to the same quarter last year. Equities analysts predict that Broadcom Inc. will post 10.37 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 21st. Broadcom’s dividend payout ratio (DPR) is presently 33.21%.

Analyst Upgrades and Downgrades

AVGO has been the topic of a number of research reports. Raymond James Financial restated an “outperform” rating and set a $475.00 price target (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. KeyCorp reissued an “overweight” rating and set a $575.00 price objective on shares of Broadcom in a research report on Thursday, September 3rd. Fox Advisors upgraded shares of Broadcom to an “outperform” rating in a research report on Thursday, September 3rd. Lake Street Capital upgraded shares of Broadcom to a “buy” rating in a research report on Thursday, September 3rd. Finally, Erste Group Bank restated a “hold” rating on shares of Broadcom in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and an average price target of $527.20.

Institutional Investors Weigh In On Broadcom

Hedge funds have recently modified their holdings of the stock. Networth Advisors LLC grew its holdings in shares of Broadcom by 546.2% during the first quarter. Networth Advisors LLC now owns 84 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in shares of Broadcom during the 2nd quarter worth $31,000. Harborfront Financial Group LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at about $38,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Broadcom in the second quarter valued at about $60,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Broadcom in the second quarter valued at about $64,000. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Key Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Custom AI accelerators and networking remain major catalysts. Broadcom is benefiting as hyperscalers diversify beyond Nvidia and develop their own chips. Reports point to customer orders extending into 2028, while the company is preparing to launch an AI networking platform at the OCP Global Summit. One Stock Could Benefit as AI Spending Moves Beyond Nvidia Broadcom To Launch AI Networking Platform
• Positive Sentiment: Analysts and investors continue to see fundamental strength. Broadcom’s revenue growth, AI-chip revenue and long-term hyperscaler contracts are being cited as evidence that the market may be undervaluing the business. Erste Group modestly raised its fiscal 2027 EPS estimate to $17.59, although it retained a Hold rating. Broadcom is The Steady Hand The Market Keeps Discounting
• Positive Sentiment: VMware introduced HyperArmor, a security product designed to protect the ESX hypervisor within VMware Cloud Foundation. The launch supports Broadcom’s infrastructure-software strategy and could strengthen its enterprise offering. Broadcom Introduces VMware HyperArmor
• Neutral Sentiment: CEO Hock Tan’s comments have produced mixed signals. He described AI investing as resembling a “casino” and said capital availability—not memory chips—is the main constraint on AI expansion. The remarks highlight bubble and financing risks, but also suggest demand remains strong. Broadcom CEO Delivers Stark Warning on Artificial Intelligence
• Negative Sentiment: Investors are questioning whether AI demand is sufficient to justify AVGO’s valuation. A potential $50 billion debt deal raises concerns about leverage and funding requirements across the AI ecosystem, while enthusiasm has weakened after recent concerns about OpenAI’s revenue outlook. 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.

About Broadcom

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.