Auxano Advisors LLC Takes $60.22 Million Position in Apple Inc. $AAPL

Key Points

• Auxano Advisors LLC purchased 208,116 Apple shares worth approximately $60.22 million, making Apple its largest portfolio holding at 11.4% of assets.
• Apple reported quarterly revenue of $109.42 billion and EPS of $2.02, beating estimates, while revenue increased 16.4% year over year.
• Wall Street maintains a “Moderate Buy” consensus with an average price target of $338.80, though some analysts have downgraded the stock and investors are monitoring weaker Pro iPhone demand, margin pressure, and regulatory risks.

Auxano Advisors LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 208,116 shares of the iPhone maker's stock, valued at approximately $60,220,000. Apple accounts for approximately 11.4% of Auxano Advisors LLC's investment portfolio, making the stock its biggest position.

Other institutional investors have also recently bought and sold shares of the company. Longfellow Investment Management Co. LLC purchased a new position in shares of Apple in the second quarter worth approximately $30,000. Lifetime Wealth Management P.C. acquired a new position in Apple in the 4th quarter worth approximately $41,000. Ascentis Wealth Management LLC boosted its stake in Apple by 822.7% in the 2nd quarter. Ascentis Wealth Management LLC now owns 292,493 shares of the iPhone maker's stock worth $85,000 after purchasing an additional 260,792 shares during the period. Basso Capital Management L.P. purchased a new position in Apple during the 4th quarter worth approximately $88,000. Finally, Bard Associates Inc. purchased a new position in Apple during the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Reports say Apple is developing enterprise AI servers using its upcoming M8 Ultra chips and is discussing NVIDIA’s NVLink networking technology. The project, potentially launching around 2029, could create a new hardware market, reduce reliance on third-party cloud providers, and help protect Services margins as AI usage grows. Apple Talks to Nvidia About NVLink for Its Own AI Server
• Positive Sentiment: The foldable iPhone Duo and higher-priced Pro models remain major catalysts for revenue and upgrade activity. TD Cowen reportedly set a $400 price target, while Citi survey data points to shorter smartphone replacement cycles and possible Apple market-share gains. Apple Stock Surges After Its Biggest Product Launch in Years
• Positive Sentiment: Analyst support remains favorable: JPMorgan reiterated its Buy rating, and Morgan Stanley is reportedly bullish on Apple’s new offerings. Apple’s Emmy success and continued ecosystem expansion also reinforce the long-term Services and brand story. Apple's Buy Rating Reiterated at JPMorgan
• Neutral Sentiment: The redesigned Siri and iOS 27 introduce broader AI capabilities, but the rollout is initially limited by beta labeling, language and regional restrictions, waitlists, and reports of slow response times. This makes the AI opportunity meaningful but its near-term financial impact uncertain. Apple Falls as Siri AI Arrives Behind a Beta Label
• Negative Sentiment: Analysts describe early iPhone 18 Pro and Pro Max preorders as lukewarm, potentially indicating that customers are delaying purchases for the foldable Duo. Weak Pro demand could pressure the current iPhone cycle if Duo demand does not offset it. iPhone 18 Pro Demand Is Already a Problem for Apple Stock
• Negative Sentiment: Investors are also monitoring slipping margins and an Indian consumer-regulator investigation into Apple’s software warranty and repair practices. Regulatory costs or changes to repair policies could weigh on cash flow and profitability. Indian Consumer Regulator Escalates Probe Into Apple’s Software Warranty Terms

Insider Activity at Apple

In related news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $317.23, for a total value of $456,176.74. Following the transaction, the senior vice president owned 34,352 shares in the company, valued at approximately $10,897,484.96. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 7,194 shares of company stock valued at $2,245,142. Insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AAPL shares. Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Arete Research upped their price target on Apple from $305.00 to $335.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research report on Tuesday, September 8th. Oppenheimer reissued a "market perform" rating on shares of Apple in a research note on Thursday, September 10th. Finally, Seaport Research Partners lowered Apple from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and an average target price of $338.80.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $332.41 on Thursday. The firm has a market cap of $4.85 trillion, a price-to-earnings ratio of 38.12, a P/E/G ratio of 2.88 and a beta of 1.08. Apple Inc. has a 1 year low of $236.65 and a 1 year high of $344.57. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $319.40 and a 200 day simple moving average of $293.88.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The firm had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 8.74 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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