Glaxis Capital Management LLC Makes New Investment in Apple Inc. $AAPL

Key Points

• Glaxis Capital Management initiated a position in Apple during the second quarter, purchasing 1,700 shares valued at approximately $492,000. Apple now represents about 1% of the firm’s portfolio.
• Several other institutional investors also added Apple shares, with institutional ownership reaching 67.73%. Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $340.14.
• Apple’s latest quarterly results exceeded expectations, with earnings of $2.02 per share and revenue of $109.42 billion, up 16.4% year over year. The company also paid a quarterly dividend of $0.27 per share, representing a 0.3% yield.

Glaxis Capital Management LLC acquired a new position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,700 shares of the iPhone maker's stock, valued at approximately $492,000. Apple accounts for about 1.0% of Glaxis Capital Management LLC's holdings, making the stock its 21st biggest position.

Several other hedge funds also recently modified their holdings of AAPL. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Apple during the second quarter worth approximately $4,051,000. August Group Capital Ltd acquired a new stake in Apple in the 2nd quarter valued at $4,444,000. E Fund Management Co. Ltd. bought a new stake in Apple during the 2nd quarter valued at $200,461,000. Sachem Hill LLC bought a new stake in Apple during the 2nd quarter valued at $429,000. Finally, Pasadena Private Wealth LLC acquired a new position in Apple during the second quarter worth $20,369,000. Institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 price objective (up from $310.00) on shares of Apple in a research note on Friday, July 31st. Arete Research boosted their target price on shares of Apple from $305.00 to $335.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Raymond James Financial reaffirmed a "market perform" rating on shares of Apple in a research report on Friday, July 31st. Rothschild & Co Redburn set a $400.00 price target on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft lowered Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Stock Performance

Shares of AAPL stock opened at $336.13 on Monday. 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 firm has a 50-day moving average of $320.24 and a 200-day moving average of $294.90. Apple Inc. has a one year low of $240.21 and a one year high of $344.57. The company has a market cap of $4.91 trillion, a P/E ratio of 38.55, a P/E/G ratio of 2.92 and a beta of 1.08.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's payout ratio is presently 12.39%.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Evercore ISI raised its Apple price target to $380 from $365 and maintained an outperform view. A survey of roughly 4,000 consumers indicated a potentially stronger-than-expected iPhone upgrade cycle and a higher average selling price. iPhone 18 Pro Hits Stores Today
• Positive Sentiment: iPhone 18 Pro sales are supported by carrier trade-in promotions. Bank of America said incentives can offset the $100 price increase, reducing the risk that higher prices will weaken demand. Apple’s iPhone 18 Lineup Keeps Bank of America Bullish
• Positive Sentiment: Apple’s ecosystem is gaining additional reach. General Motors plans to restore Apple CarPlay after consumer backlash, while Apple is reportedly preparing an Apple Pay launch in India with Axis Bank. These developments could support services engagement and ecosystem adoption. GM Is Re-downloading Apple CarPlay
• Neutral Sentiment: Initial iPhone 18 Pro demand indicators are mixed. Quick-commerce shortages in India suggest strong localized demand, but UBS cited muted wait times in several major markets. Investors are also assessing whether customers may delay purchases for Apple’s roughly $1,999 foldable iPhone Duo. Apple iPhone 18 Seeing Muted Initial Wait Times
• Negative Sentiment: Risks include premium pricing, valuation and regulatory pressure. Analysts warn that expensive devices could limit adoption in price-sensitive markets such as India. More than 1,600 Italian Apple store employees also struck on launch day, while Apple continues to challenge a potential UK encryption backdoor order and faces European legal scrutiny. Italian Apple Store Employees Strike

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,439 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $317.01, for a total value of $456,177.39. Following the completion of the transaction, the senior vice president directly owned 35,790 shares of the company's stock, valued at $11,345,787.90. This represents a 3.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 8,632 shares of company stock valued at $2,719,955. 0.06% of the stock is owned by insiders.

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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