Apple Inc. $AAPL Shares Sold by Cypress Asset Management Inc. TX

Key Points

• Cypress Asset Management reduced its Apple position by 3.2% in the third quarter, selling 3,414 shares and retaining 103,497 shares worth approximately $34.4 million. Apple remains the firm’s second-largest holding and represents 7.1% of its portfolio.
• Institutional investors and hedge funds own approximately 67.73% of Apple’s outstanding shares. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $340.39.
• Apple recently exceeded quarterly earnings expectations, reporting $2.02 in EPS and $109.42 billion in revenue, while insiders sold approximately $93.7 million of stock during the quarter. Shares traded near their 12-month high, supported by strong product demand but tempered by concerns over valuation, AI competitiveness and potential regulatory pressure.

Cypress Asset Management Inc. TX reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,497 shares of the iPhone maker's stock after selling 3,414 shares during the quarter. Apple accounts for approximately 7.1% of Cypress Asset Management Inc. TX's investment portfolio, making the stock its 2nd biggest holding. Cypress Asset Management Inc. TX's holdings in Apple were worth $34,421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AAPL. Berkshire Hathaway Inc purchased a new position in Apple during the second quarter worth approximately $65,950,297,000. Bank of America Corp DE purchased a new stake in shares of Apple in the second quarter valued at approximately $36,986,090,000. Legal & General Group Plc purchased a new stake in shares of Apple in the second quarter valued at approximately $30,443,242,000. Deutsche Bank AG acquired a new position in shares of Apple during the 2nd quarter worth approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apple during the 2nd quarter worth approximately $10,588,946,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Apple from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. UBS Group reissued a "neutral" rating on shares of Apple in a report on Tuesday, October 6th. KGI Securities cut shares of Apple from an "outperform" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, June 22nd. Rosenblatt Securities reaffirmed a "neutral" rating and set a $303.00 price objective on shares of Apple in a report on Thursday, September 10th. Finally, CICC Research increased their price objective on shares of Apple from $310.00 to $340.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $340.39.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the transaction, the senior vice president owned 41,992 shares in the company, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Ternus sold 25,412 shares of Apple stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the sale, the chief executive officer directly owned 59,567 shares in the company, valued at approximately $19,832,236.98. This trade represents a 29.90% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 281,782 shares of company stock worth $93,740,172. Company insiders own 0.06% of the company's stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s $1,999 iPhone Duo reportedly sold out within minutes of preorders opening, with delivery estimates pushed into 2027. The response suggests strong pricing power and could establish a significant new premium product category. Apple blames extraordinary demand as foldable iPhones sell out
• Positive Sentiment: Evercore ISI said the iPhone Duo’s extended lead times support its Buy rating and $380 price target. Investors view the launch as a potential catalyst for higher average selling prices and iPhone revenue. Apple early iPhone demand supports Buy rating
• Positive Sentiment: Apple and Meta are collaborating to run Meta’s 816-billion-parameter Muse Spark Open AI model locally on high-end Macs. The partnership may strengthen Mac demand for AI workloads and improve Apple’s AI positioning without requiring a competing mega-scale model. Apple and Meta team up on AI
• Neutral Sentiment: UBS cautioned that iPhone demand could weaken, highlighting the risk that strong initial foldable-phone interest may not translate into sustained volume. Apple’s roughly $5 trillion valuation also leaves the stock dependent on continued execution.
• Negative Sentiment: UK regulators are preparing a legal fight that could require Apple to give competing payment providers access to technology behind Apple Pay’s tap-to-pay functionality. A forced opening could weaken the payments ecosystem and create compliance costs. Apple set for UK legal fight over tap-to-pay rules
• Negative Sentiment: Apple faces ongoing concerns about lagging rivals in AI infrastructure and advanced assistants. Reports that some iPhone 18 Pro component orders were reduced add to questions about future handset demand.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares worth approximately $828,000. The transaction is small relative to Apple’s size but represents another insider sale and may have modest signaling value.

Apple Price Performance

Shares of Apple stock opened at $343.46 on Monday. The business has a 50 day simple moving average of $325.83 and a two-hundred day simple moving average of $306.58. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $348.15. The stock has a market capitalization of $5.01 trillion, a P/E ratio of 39.39, a PEG ratio of 2.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.93.

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

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

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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