In the fourth quarter, Central Trust Co. allocated $150.44 million to Broadcom, representing 2.95% of its U.S. equity assets under management. This new position places Broadcom alongside names such as Apple and closed-end funds, underscoring the fund’s conviction in Broadcom’s diversified semiconductor franchise. The move reflects an institutional view that Broadcom’s balance-sheet strength, recurring revenue from long-term software contracts, and dividend yield make it a cornerstone holding in portfolios seeking durable income and technology exposure.

Broadcom has emerged as a critical supplier to leading AI developers, with roughly 50% of its revenue tied to AI and data-center customers. In the most recent fiscal year, the company delivered 24% year-over-year revenue growth in its semiconductor segment, driven by strong uptake of custom ASICs and networking silicon. Operating margins expanded to 40.8%, reflecting disciplined cost management and scale advantages. Partnerships with major cloud providers, including a multi-year agreement to supply custom TPU interconnects, position Broadcom to capture a growing share of infrastructure spending on next-generation AI workloads.