Cache Advisors LLC Sells 9,914 Shares of Apple Inc. $AAPL

Key Points

• Cache Advisors LLC trimmed its Apple stake by 4.1% in the first quarter, selling 9,914 shares and leaving it with 233,789 shares valued at about $59.3 million. Apple remains the fund’s fourth-largest holding.
• Apple insiders have also been selling shares, including CFO Kevan Parekh and insider Ben Borders; total insider sales over the last three months reached 97,875 shares worth nearly $25 million.
• Despite the sales, Apple posted strong fundamentals, beating quarterly earnings and revenue estimates, while analysts remain broadly positive with a “Moderate Buy” consensus and a $314.85 average price target.

Cache Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 233,789 shares of the iPhone maker's stock after selling 9,914 shares during the period. Apple accounts for about 6.9% of Cache Advisors LLC's holdings, making the stock its 4th biggest holding. Cache Advisors LLC's holdings in Apple were worth $59,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reyes Financial Architecture Inc. grew its position in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after purchasing an additional 37 shares in the last quarter. WESPAC Advisors LLC boosted its stake in Apple by 0.3% during the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock worth $3,351,000 after buying an additional 39 shares during the last quarter. Interactive Financial Advisors Inc. grew its holdings in Apple by 4.0% in the 4th quarter. Interactive Financial Advisors Inc. now owns 1,051 shares of the iPhone maker's stock valued at $286,000 after buying an additional 40 shares in the last quarter. Orion Investment Co increased its stake in shares of Apple by 0.3% in the 4th quarter. Orion Investment Co now owns 14,354 shares of the iPhone maker's stock worth $3,902,000 after acquiring an additional 41 shares during the last quarter. Finally, Seven Springs Wealth Group LLC raised its holdings in shares of Apple by 0.3% during the 3rd quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock worth $3,934,000 after acquiring an additional 42 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 116 shares of the company's 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 sale, the insider owned 38,713 shares in the company, valued at $11,425,754.82. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed 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. Also, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total value of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. This represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 97,875 shares of company stock valued at $24,998,541 in the last three months. 0.06% of the stock is currently owned by insiders.

Key Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is accelerating software security updates to respond faster to AI-driven hacking threats, which could reassure users and enterprises that the company is proactively protecting its ecosystem. Reuters: Apple says it is releasing updates early in response to AI cybersecurity concerns
• Positive Sentiment: Counterpoint-related reports suggest Apple could reach record market share in smartphones, laptops, and tablets in 2026, reinforcing the company’s competitive position and long-term device demand. Seeking Alpha: Apple to hit record market share in smartphones, laptops, tablets in 2026: Counterpoint
• Positive Sentiment: Some analysts argue Apple’s recent price increases may not hurt earnings as much as feared because of the company’s pricing power and loyal customer base. TipRanks: Apple Raising Device Prices May Not Hurt Earnings as Much as Investors Fear
• Neutral Sentiment: Reports that Apple wants approval to buy memory chips from China’s CXMT highlight efforts to secure supply, but also underscore how the AI-driven memory crunch is pressuring margins and creating geopolitical risk. Invezz: Apple wants to buy memory chips from CXMT
• Negative Sentiment: Apple is facing intensified scrutiny over recent price hikes, with multiple reports warning that higher component costs could slow revenue growth and pressure consumer demand. Barchart: Price Hikes Could Create a Major Problem for AAPL Stock
• Negative Sentiment: Apple’s dispute with India’s antitrust regulator adds legal uncertainty, with the company accusing the watchdog of copying rivals’ claims and potentially raising the risk of tougher App Store remedies. Reuters: Apple iPhone 18 Pro supplier list... exposed in Tata data leak
• Negative Sentiment: A Reuters report that iPhone 18 Pro supplier and component details were exposed in a Tata Electronics data leak adds another supply-chain and product-secrecy concern for Apple. Yahoo Finance video: Apple says India 'copy-pasted' rivals' claims in antitrust probe

Apple Trading Down 0.7%

NASDAQ AAPL opened at $281.74 on Tuesday. The firm has a 50 day simple moving average of $292.88 and a 200-day simple moving average of $273.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $199.26 and a one year high of $317.40. The firm has a market cap of $4.14 trillion, a price-to-earnings ratio of 34.07, a PEG ratio of 2.47 and a beta of 1.09.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.06. The firm had revenue of $111.18 billion during the quarter, compared to analysts' expectations of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 earnings per share. Equities research analysts anticipate that Apple Inc. will post 8.74 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were given a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. Apple's dividend payout ratio is currently 13.06%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AAPL. Tigress Financial restated a "strong-buy" rating and set a $375.00 price objective (up from $305.00) on shares of Apple in a research report on Thursday, May 14th. Oppenheimer restated a "market perform" rating on shares of Apple in a report on Tuesday, June 9th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Apple in a research report on Monday, June 8th. DA Davidson reiterated a "neutral" rating and issued a $270.00 price objective on shares of Apple in a report on Friday, May 1st. Finally, Wedbush reiterated an "outperform" rating and issued a $400.00 price objective on shares of Apple in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $314.85.

Apple Company 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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