Indiana Trust & Investment Management Co Raises Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Indiana Trust & Investment Management Co raised its stake in Broadcom by 37% during Q4, buying 1,430 shares to hold 5,300 shares worth roughly $1.83 million.
• Notable insider selling has occurred recently — insiders disposed of 316,282 shares valued at about $103.5 million in the past 90 days, including sales by director Gayla J. Delly and executive Charlie B. Kawwas, which may weigh on sentiment.
• Broadcom is showing strong operational momentum — record Q1 revenue with AI semiconductor revenue nearly doubling year‑over‑year and a multi‑year Google deal through 2031 — and the analyst consensus is a “Moderate Buy” with an average price target of $435.30.

Indiana Trust & Investment Management Co increased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the semiconductor manufacturer's stock after buying an additional 1,430 shares during the quarter. Indiana Trust & Investment Management Co's holdings in Broadcom were worth $1,834,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Baring Financial LLC increased its stake in shares of Broadcom by 2.2% during the fourth quarter. Baring Financial LLC now owns 1,359 shares of the semiconductor manufacturer's stock valued at $470,000 after buying an additional 29 shares during the period. Five Oceans Advisors increased its stake in shares of Broadcom by 0.4% during the fourth quarter. Five Oceans Advisors now owns 8,191 shares of the semiconductor manufacturer's stock valued at $2,835,000 after buying an additional 29 shares during the period. Arthur M. Cohen & Associates LLC increased its stake in shares of Broadcom by 0.6% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,781 shares of the semiconductor manufacturer's stock valued at $1,577,000 after buying an additional 30 shares during the period. Jackson Hole Capital Partners LLC increased its stake in shares of Broadcom by 1.4% during the third quarter. Jackson Hole Capital Partners LLC now owns 2,170 shares of the semiconductor manufacturer's stock valued at $716,000 after buying an additional 30 shares during the period. Finally, Private Wealth Partners LLC increased its stake in shares of Broadcom by 0.7% during the third quarter. Private Wealth Partners LLC now owns 4,273 shares of the semiconductor manufacturer's stock valued at $1,410,000 after buying an additional 30 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 1,000 shares of the firm's stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $358.31, for a total transaction of $358,310.00. Following the transaction, the director directly owned 32,352 shares in the company, valued at $11,592,045.12. This trade represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charlie B. Kawwas sold 10,000 shares of the firm's stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $345.23, for a total value of $3,452,300.00. Following the transaction, the insider owned 787,184 shares in the company, valued at $271,759,532.32. The trade was a 1.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 316,282 shares of company stock valued at $103,461,089. Company insiders own 1.90% of the company's stock.

More Broadcom News

Here are the key news stories impacting Broadcom this week:

• Positive Sentiment: Alphabet/Google long-term deal boosts AI revenue visibility — a contract through 2031 covering future TPU generations has eased fears Google might shift suppliers, improving conviction in Broadcom's AI roadmap. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS
• Positive Sentiment: Strong recent results and AI revenue growth — Broadcom reported record Q1 revenue with AI semiconductor revenue nearly doubling year-over-year, reinforcing growth expectations for custom AI chips and networking. Great News for Broadcom Stock Investors
• Positive Sentiment: Sector tailwind and technical breakout — analysts and market commentators note a semiconductor group breakout and momentum trade that is lifting AVGO alongside peers. Semiconductors Lead Rally: Broadcom, Marvell Breakout
• Neutral Sentiment: High investor attention / bullish media coverage — Broadcom is being highlighted as a momentum and “Bull of the Day” pick, which can attract flows but also increase short-term volatility. Broadcom Inc. (AVGO) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Notable insider selling — several insiders have sold shares recently (including director Gayla J. Delly and other executives reporting multi-million-dollar disposals), which can be viewed as a near-term headwind for sentiment. Gayla J. Delly Insider Sale Filing Insider Selling: Broadcom Insider Sells
• Negative Sentiment: Structural risks remain — analysts (e.g., UBS) note customer-concentration and competitive pressures persist despite the Google deal, meaning long-term risk to margins and growth is not fully resolved. Broadcom deal with Google signals stronger AI demand but long-term risks remain: UBS

Analyst Ratings Changes

Several research firms have recently issued reports on AVGO. The Goldman Sachs Group reissued a "buy" rating and set a $450.00 target price on shares of Broadcom in a research note on Monday, January 5th. Royal Bank Of Canada dropped their target price on Broadcom from $370.00 to $340.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. Erste Group Bank downgraded Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. DA Davidson raised Broadcom to a "hold" rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Broadcom in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom has an average rating of "Moderate Buy" and an average price target of $435.30.

Broadcom Stock Performance

Shares of AVGO opened at $379.81 on Tuesday. The stock has a market cap of $1.80 trillion, a price-to-earnings ratio of 74.18, a PEG ratio of 0.77 and a beta of 1.24. The company has a quick ratio of 1.73, a current ratio of 1.90 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $327.15 and a two-hundred day simple moving average of $343.46. Broadcom Inc. has a 52 week low of $161.61 and a 52 week high of $414.61.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The semiconductor manufacturer reported $2.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.02. Broadcom had a return on equity of 38.61% and a net margin of 36.57%.The firm had revenue of $19.31 billion during the quarter, compared to analyst estimates of $19.10 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. The business's quarterly revenue was up 29.5% compared to the same quarter last year. On average, analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Broadcom's dividend payout ratio is presently 50.78%.

About Broadcom

Broadcom Inc NASDAQ: AVGO is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company's semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom's portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

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