7,765 Apple Inc. $AAPL Shares Bought by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors increased its Apple position by 2.7% in the third quarter, purchasing 7,765 shares and bringing its holdings to 295,906 shares valued at approximately $98.3 million. Apple represents 5.3% of the firm’s portfolio.
• Several other institutional investors also raised their Apple holdings, while institutional investors collectively own 67.73% of the company’s stock.
• Apple insiders sold 289,252 shares worth about $96.3 million over the past 90 days. Analysts maintain a “Moderate Buy” consensus, with an average price target of $340.49, as investors weigh strong demand and AI opportunities against rising component costs and margin pressure.

Frank Rimerman Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 295,906 shares of the iPhone maker's stock after acquiring an additional 7,765 shares during the period. Apple accounts for 5.3% of Frank Rimerman Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Frank Rimerman Advisors LLC's holdings in Apple were worth $98,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Encompass More Asset Management increased its stake in shares of Apple by 8.5% during the third quarter. Encompass More Asset Management now owns 26,113 shares of the iPhone maker's stock worth $8,696,000 after buying an additional 2,049 shares during the period. Fiscal Wisdom Wealth Management LLC increased its stake in shares of Apple by 5.1% in the third quarter. Fiscal Wisdom Wealth Management LLC now owns 7,785 shares of the iPhone maker's stock worth $2,593,000 after buying an additional 376 shares during the last quarter. Absolute Capital Management LLC grew its stake in Apple by 48.1% during the 3rd quarter. Absolute Capital Management LLC now owns 6,429 shares of the iPhone maker's stock worth $2,141,000 after buying an additional 2,087 shares during the last quarter. Forbes J M & Co. LLP lifted its holdings in shares of Apple by 1.5% in the third quarter. Forbes J M & Co. LLP now owns 252,177 shares of the iPhone maker's stock valued at $83,823,000 after buying an additional 3,715 shares during the period. Finally, Gemmer Asset Management LLC boosted its holdings in shares of Apple by 0.4% in the third quarter. Gemmer Asset Management LLC now owns 55,430 shares of the iPhone maker's stock worth $18,459,000 after buying an additional 216 shares during the period. Institutional investors own 67.73% of the company's stock.

Insider Activity at Apple

In other news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $343.36, for a total value of $823,720.64. Following the transaction, the senior vice president owned 32,396 shares of the company's stock, valued at approximately $11,123,490.56. This represents a 6.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O'brien sold 46,389 shares of Apple stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the completion of the transaction, the senior vice president owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 289,252 shares of company stock worth $96,301,063. 0.06% of the stock is owned by company insiders.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a "hold" rating on shares of Apple in a report on Thursday, October 1st. TD Cowen reiterated a "buy" rating and set a $400.00 price objective on shares of Apple in a research note on Thursday, September 10th. Weiss Ratings upgraded Apple from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Daiwa Securities Group raised their price objective on shares of Apple from $325.00 to $335.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Finally, Maxim Group raised their target price on shares of Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of "Moderate Buy" and an average price target of $340.49.

Apple Price Performance

Shares of AAPL opened at $344.63 on Monday. Apple Inc. has a 1 year low of $243.42 and a 1 year high of $351.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93. The business has a 50-day moving average of $333.04 and a 200-day moving average of $296.38. The company has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same quarter in the previous year, the business posted $1.57 EPS. Apple's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

About Apple

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

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