Assetmark Inc. Purchases 142,608 Shares of Apple Inc. $AAPL

Key Points

• Assetmark Inc. raised its Apple position by 142,608 shares (a 5.2% increase), now owning 2,908,985 shares worth about $790.84 million, making Apple roughly 1.6% of its portfolio and its 10th‑largest holding.
• Apple beat Q1 estimates, reporting $2.01 EPS vs. $1.95 and $111.18 billion in revenue (up 16.6% YoY), and increased its quarterly dividend to $0.27 ($1.08 annualized, ~0.4% yield).
• Strategic moves include exploratory talks to diversify chip manufacturing to Intel/Samsung in the U.S. and plans to let users choose third‑party AI models in iOS 27, while near‑term risks include a $250 million Siri settlement and potential margin pressure from rising RAM costs.

Assetmark Inc. lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,908,985 shares of the iPhone maker's stock after acquiring an additional 142,608 shares during the period. Apple makes up approximately 1.6% of Assetmark Inc.'s holdings, making the stock its 10th biggest holding. Assetmark Inc.'s holdings in Apple were worth $790,837,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Apple during the 2nd quarter worth approximately $38,942,255,000. Nuveen LLC bought a new stake in Apple during the 1st quarter worth approximately $17,472,482,000. Laurel Wealth Advisors LLC increased its stake in Apple by 20,464.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker's stock worth $5,553,753,000 after purchasing an additional 26,937,401 shares in the last quarter. Northern Trust Corp grew its stake in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker's stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker's stock worth $26,220,566,000 after acquiring an additional 13,137,968 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 2.7%

AAPL stock opened at $284.18 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02. The company has a fifty day moving average price of $261.12 and a two-hundred day moving average price of $265.51. Apple Inc. has a one year low of $193.25 and a one year high of $288.62. The stock has a market cap of $4.17 trillion, a price-to-earnings ratio of 34.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.06.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. Apple had a net margin of 27.15% and a return on equity of 146.69%. The firm had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. During the same period in the previous year, the business posted $1.65 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts anticipate that Apple Inc. will post 8.72 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Monday, May 11th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Apple's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, May 11th. Apple's dividend payout ratio (DPR) is presently 12.58%.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple held exploratory talks with Intel and Samsung about making its main device processors in the U.S., which reduces single-supplier (TSMC) risk and is being priced as a supply-chain hedge by investors. Apple explores using Intel, Samsung to build main device chips in the US
• Positive Sentiment: Apple plans to let users choose third‑party AI models across iOS 27 features and is positioning devices as AI platforms — a strategic move that broadens the company’s AI roadmap without having to rely solely on its in-house models. Apple to let users choose rival AI models across iOS 27 features
• Positive Sentiment: Fundamentals remain solid: strong March-quarter results, continued iPhone strength (iPhone 17 cited as top seller in Q1), services momentum, and shareholder returns (dividend and a large buyback) support the stock’s rally. iPhone 17 Rules, Becomes World's Best-Selling Smartphone
• Neutral Sentiment: Reports emphasize these chip talks are preliminary with no orders placed; switching foundries involves technology, scale and reliability tradeoffs, so any supply-chain benefit will depend on formal contracts and ramp timelines. Apple explores Intel, Samsung as U.S. chip suppliers
• Negative Sentiment: Apple agreed to a $250M settlement in a shareholder suit over delayed Siri/Apple Intelligence features — a headline risk and cash outflow that briefly pressures sentiment. Apple settles lawsuit over late Siri AI features for $250 million
• Negative Sentiment: Management has warned that rising memory (RAM) costs tied to AI needs could raise hardware prices and weigh on margins — a structural cost pressure to monitor. Apple's Tim Cook says AI-fueled 'RAMmageddon' will make your next laptop and phone a lot pricier

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 30,002 shares of Apple stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total transaction of $7,661,010.70. Following the completion of the transaction, the senior vice president directly owned 136,810 shares of the company's stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This trade represents a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 96,485 shares of company stock valued at $24,594,845 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AAPL has been the subject of several research reports. Oppenheimer reaffirmed a "market perform" rating on shares of Apple in a research note on Friday, January 30th. Evercore reaffirmed an "outperform" rating on shares of Apple in a research note on Monday, March 2nd. KGI Securities raised shares of Apple to an "outperform" rating and set a $306.00 price target for the company in a research note on Friday, January 30th. UBS Group set a $296.00 price target on shares of Apple and gave the stock a "neutral" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price target on shares of Apple from $315.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $304.31.

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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