Apple Inc. $AAPL is Cardiff Park Advisors LLC's 9th Largest Position

Key Points

• Cardiff Park Advisors trimmed its Apple position by 4.3% in the first quarter, selling 4,877 shares and retaining 108,549 shares valued at approximately $27.5 million. Apple remains the firm’s ninth-largest holding, representing about 2.2% of its portfolio.
• Apple reported quarterly earnings of $2.02 per share on $109.42 billion in revenue, beating estimates and marking 16.4% year-over-year revenue growth. The stock traded around $308, with a market capitalization of roughly $4.5 trillion, while analysts maintained a “Moderate Buy” consensus and a $328.60 target price.
• Supply-chain and product risks remain key concerns: rising memory costs could increase iPhone 18 production expenses by about 38%, while a reported downgrade and the potential cancellation of an all-glass iPhone may pressure margins and future premium-product growth. Apple is also testing China’s CXMT memory chips, which could diversify supply but carries geopolitical and execution risks.

Cardiff Park Advisors LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,549 shares of the iPhone maker's stock after selling 4,877 shares during the period. Apple comprises approximately 2.2% of Cardiff Park Advisors LLC's investment portfolio, making the stock its 9th largest holding. Cardiff Park Advisors LLC's holdings in Apple were worth $27,549,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lifetime Wealth Management P.C. purchased a new position in Apple in the fourth quarter valued at about $41,000. ROSS JOHNSON & Associates LLC increased its stake in shares of Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker's stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management bought a new stake in shares of Apple in the 4th quarter worth approximately $65,000. Timmons Wealth Management LLC bought a new stake in shares of Apple in the 4th quarter worth approximately $69,000. Finally, Inspire Investing LLC purchased a new position in Apple in the fourth quarter valued at approximately $76,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is testing memory chips from China’s CXMT for some iPhones and MacBooks sold in China. If approved by U.S. authorities, the move could provide an additional supply source and help mitigate shortages caused by surging AI-related demand. Apple tests China's CXMT memory chips
• Positive Sentiment: Some Apple-focused investors, including Deepwater Asset Management’s Gene Munster, argue that the shares remain undervalued and that future iPhone price increases, artificial-intelligence features and a potential upgrade cycle could support longer-term growth. Gene Munster disagrees with Apple downgrade
• Neutral Sentiment: Apple is scheduled to pay a quarterly dividend of $0.27 per share on August 13 to eligible shareholders, providing a modest near-term shareholder return. Apple dividend payment
• Negative Sentiment: Jefferies downgraded Apple from Hold to Underperform and cut its price target to $263.66 from $285.56. Analyst Edison Lee reportedly believes Apple has scrapped a planned all-glass iPhone because of production challenges, removing a potential premium product that could have lifted average selling prices and profitability. Apple could underperform without an all-glass iPhone
• Negative Sentiment: Memory and storage costs are rising sharply amid the AI-driven supply crunch; reports suggest iPhone 18 production costs could increase by roughly 38%. Apple may need to raise prices, risking weaker demand, or absorb the costs, pressuring margins. Apple's iPhone 18 costs could jump 38%
• Negative Sentiment: The CXMT testing also introduces geopolitical and execution risks: U.S. restrictions could limit Apple’s access to the supplier, while CXMT’s capacity and technology may lag established memory manufacturers. These issues add uncertainty to Apple’s supply chain and pricing strategy.

Analyst Upgrades and Downgrades

AAPL has been the subject of several research reports. China Renaissance downgraded Apple from a "buy" rating to a "hold" rating and set a $280.00 target price for the company. in a research report on Tuesday, August 4th. Bank of America reaffirmed a "buy" rating and set a $380.00 price target on shares of Apple in a research report on Thursday, June 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Apple in a research note on Monday, June 8th. Royal Bank Of Canada set a $365.00 price objective on Apple in a report on Wednesday, July 15th. Finally, UBS Group restated a "neutral" rating on shares of Apple in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $328.60.

Insiders Place Their Bets

In other Apple news, insider Ben Borders sold 116 shares of Apple stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $295.14, for a total transaction of $34,236.24. Following the completion of the transaction, the insider owned 38,713 shares of the company's stock, valued at $11,425,754.82. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.06% of the stock is owned by insiders.

Apple Trading Down 1.6%

NASDAQ:AAPL opened at $308.26 on Tuesday. Apple Inc. has a 1 year low of $223.78 and a 1 year high of $344.57. The stock's fifty day moving average price is $309.49 and its two-hundred day moving average price is $283.86. 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 company has a market cap of $4.50 trillion, a P/E ratio of 35.35, a P/E/G ratio of 2.68 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results 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 return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same period in the previous year, the business earned $1.57 earnings per share. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts expect that Apple Inc. will post 8.76 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, August 10th will be paid a $0.27 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio (DPR) is currently 12.39%.

Apple Profile

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.

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