Rep. Gilbert Ray Cisneros Jr. (D-CA) Sells Broadcom (AVGO) Stock
Rep. Gilbert Ray Cisneros Jr. sold shares of Broadcom Inc. valued between $1,001 and $15,000 on September 16, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rep. Gilbert Ray Cisneros Jr. (D-CA) sold between $1,001 and $15,000 of Broadcom Inc. ($AVGO) stock on September 16, 2026. The trade was disclosed in a STOCK Act periodic transaction report filed October 12, 2026.
Since the trade, $AVGO is up 4.8% after 1 week, down 3.0% after 1 month and down 3.0% to date (from the $338.89 close on Sep 16, 2026).
Financial Disclosure Report
Clerk of the House of Representatives • Legislative Resource Center • B81 Cannon Building • Washington, DC 20515
Filer Information
- Name:
- Rep. Gilbert Ray Cisneros Jr. (D)
- Status:
- Member — House
- Party:
- Democrat
Filing Information
- Filing Type:
- Periodic Transaction Report
- Filing Year:
- 2026
- Filing Date:
- Oct 12, 2026
Schedule B: Transactions
| Asset | Transaction | Date | Amount |
|---|---|---|---|
| Broadcom Inc. ($AVGO) | Sell | Sep 16, 2026 | $1,001 - $15,000 |
Summary of the filed report, not the original document. View the original: STOCK Act disclosure (House Clerk)
AVGO
Broadcom Inc.
Key Points
- Rep. Gilbert Ray Cisneros Jr. sold shares of Broadcom Inc. between $1,001 and $15,000 on September 16, 2026.
- Recently, Broadcom shares traded around $330.93, which is about 10% below its 50-day moving average.
- The company has a strong earnings outlook, with a revenue growth rate of 85.5% year-over-year.
Get $AVGO trade alerts by text
We text you when insiders, Congress or big funds trade $AVGO. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Broadcom Inc. alert may contain errors. Disclosures
Rep. Gilbert Ray Cisneros Jr., a Democrat from California's 31st district, sold shares of Broadcom Inc. (AVGO) valued between $1,001 and $15,000 on September 16, 2026. The transaction was reported on October 12, 2026, under the STOCK Act.
Gilbert Ray Cisneros Jr. vs. the S&P 500
Hypothetical returns from Gilbert Ray Cisneros Jr.'s disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Broadcom Inc.
Blackrock Inc. grew its holdings by 12,272,921 shares, ending with 398,213,826 shares worth about $130.9 billion. Vanguard Capital Management LLC added 1,139,707 shares, bringing its total to 309,168,582 shares valued at approximately $101.6 billion. State Street Corporation increased its stake by 5,511,990 shares, totaling 196,900,541 shares worth about $64.7 billion. FMR, LLC boosted its holdings by 20,243,298 shares, ending with 144,359,173 shares valued at around $47.5 billion. Meanwhile, Vanguard Portfolio Management LLC trimmed its position by 1,425,540 shares, resulting in 127,001,513 shares worth about $41.8 billion.
Broadcom Inc. Stock Down 5.0%
As of October 16, 2026, Broadcom shares were recently trading around $330.93, which is about 10% below its 50-day moving average of $367.56. The stock is also about 33.1% below its 52-week high of $495.00. This pricing context shows that the stock is currently underperforming compared to its recent highs.
Recent Earnings
Broadcom reported trailing twelve-month revenue of approximately $89.1 billion, with a net margin of 42.9% and a return on equity of 44.2%. The next earnings report is due on December 9, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
14 target raises vs 1 cuts.
-
EPS & revenue
EPS met estimates. Revenue missed estimates by 2.3%.
-
Profit surprise
EBITDA missed by 14 percent. Operating income missed by 28 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
1 downgrade, 14 target raises, 1 target cut.
-
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.
Insider Buying and Selling at Broadcom Inc.
In recent insider trades, Justine F. Page, a Director, sold 1,602 shares at an average price of $373.86 on June 29, 2026, totaling about $598,916. Another Director, Gayla J Delly, sold 1,890 shares for approximately $728,368 on July 8, 2026. Mark David Brazeal, an Officer, sold 25,000 shares at $379.19 and another 25,000 shares at $401.33 on July 8 and July 10, 2026, respectively, with total values of about $9.5 million and $10.0 million.
Analysts Set New Price Targets
On September 3, 2026, Macquarie upgraded Broadcom to an "Outperform" rating with a target price of $490.00. Raymond James maintained its "Outperform" rating with a new target of $475.00, up from $450.00. Citigroup also maintained a "Buy" rating, raising its target to $515.00 from $500.00. DA Davidson kept a "Neutral" rating with a target of $350.00, while Piper Sandler initiated coverage with an "Overweight" rating and a target of $460.00. The consensus among analysts is a strong buy with a mean price target of $527.59.
About Broadcom Inc.
Broadcom Inc. designs and supplies various semiconductor devices and infrastructure software solutions globally. The company operates in two main segments: Semiconductor Solutions and Infrastructure Software. This recent insider activity comes as Broadcom continues to see significant growth in revenue and a strong market position in the technology sector.
Bottom Line
Investors should watch for Broadcom's next earnings report on December 9, 2026, to gauge its ongoing performance. This sale by Rep. Cisneros is his latest move in a series of trades disclosed since June, which included sales of other stocks such as Workday and W. R. Berkley Corporation.
Related Filing Alerts
Source: Gilbert Ray Cisneros Jr.'s STOCK Act disclosure on $AVGO (Sep 16, 2026). Read the original filing: STOCK Act disclosure (House Clerk). Written by software, not financial advice. How we make alerts