Apple (NASDAQ:AAPL) Trading Up 1.3% – Still a Buy?

Apple Inc. (NASDAQ:AAPL)’s stock price shot up 1.3% during trading on Monday . The company traded as high as $314.20 and last traded at $312.66. 53,027,038 shares were traded during mid-day trading, an increase of 4% from the average daily volume of 50,764,453 shares. The stock had previously closed at $308.63.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple and Broadcom expanded their chip partnership through 2031, giving Apple access to custom ASIC silicon for multiple future products and supporting its long-term AI and device roadmap. Reuters: Broadcom, Apple extend chip partnership through 2031
• Positive Sentiment: Reports that Apple is preparing a foldable iPhone and multiple new iPhone launches in 2026-2027 are fueling hopes for a fresh upgrade cycle and new premium pricing power. Motley Fool: Apple Is Reportedly Planning 5 New iPhones
• Positive Sentiment: Apple may also bring major updates to the iPad Pro and MacBook Pro in 2027, adding to the long-term product pipeline and keeping investor attention on growth catalysts. Barchart: Apple Plans Major Updates to iPad Pro and MacBook Pro for 2027
• Neutral Sentiment: Apple is restoring card payments for Apple Account purchases in India, a services expansion that supports its ecosystem but is unlikely to move the stock on its own. TechCrunch: Apple brings back card payments in India
• Negative Sentiment: Some analysts warn the first foldable iPhone could face supply constraints and launch delays similar to the iPhone X, which could temper enthusiasm if production ramps slowly. TipRanks: Foldable iPhone could face iPhone X-style delays

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AAPL. Robert W. Baird set a $310.00 target price on shares of Apple in a research note on Friday, May 1st. TD Cowen raised their target price on Apple from $335.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Maxim Group reiterated a “buy” rating and set a $350.00 target price (up from $310.00) on shares of Apple in a research report on Tuesday, June 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $310.00 price target (up from $300.00) on shares of Apple in a report on Friday, May 1st. Finally, UBS Group reissued a “buy” rating on shares of Apple in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.85.

Apple Trading Up 1.3%

The business has a 50 day moving average of $295.25 and a 200 day moving average of $273.84. The firm has a market capitalization of $4.59 trillion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.68 and a beta of 1.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion for the quarter, compared to analyst estimates of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.65 earnings per share. As a group, research analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. This is a boost from Apple’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, May 11th. Apple’s dividend payout ratio (DPR) is 13.06%.

Insiders Place Their Bets

In related news, insider Ben Borders sold 1,274 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the sale, the insider owned 38,713 shares of the company’s stock, valued at approximately $11,226,770. This trade represents a 3.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kevan Parekh sold 1,534 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the transaction, the chief financial officer directly owned 13,366 shares of the company’s stock, valued at approximately $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,924 shares of company stock worth $825,546. Insiders own 0.06% of the company’s stock.

Institutional Trading of Apple

A number of large investors have recently bought and sold shares of AAPL. Isthmus Partners LLC lifted its position in shares of Apple by 6.4% in the third quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after purchasing an additional 5,808 shares in the last quarter. Lifetime Wealth Management P.C. bought a new stake in Apple during the 4th quarter worth about $41,000. ROSS JOHNSON & Associates LLC grew its holdings in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after acquiring an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in shares of Apple in the fourth quarter valued at about $65,000. Finally, Timmons Wealth Management LLC bought a new stake in Apple during the fourth quarter worth about $69,000. 67.73% of the stock is owned by institutional investors.

About Apple

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.