Apple Inc. (NASDAQ:AAPL) had its target price boosted by investment analysts at Nomura from $120.00 to $135.00 in a research report issued on Thursday. The brokerage presently has a “buy” rating on the iPhone maker’s stock. Nomura’s target price would indicate a potential upside of 18.89% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Raymond James Financial Inc. reaffirmed a “hold” rating on shares of Apple in a research note on Saturday, July 9th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Apple in a research note on Sunday, July 17th. Barclays PLC reaffirmed a “buy” rating on shares of Apple in a research note on Sunday, July 17th. Brean Capital reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Apple in a research note on Wednesday, July 27th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Apple in a research note on Thursday, August 11th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, forty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $126.89.

Analyst Recommendations for Apple (NASDAQ:AAPL)

Apple (NASDAQ:AAPL) opened at 113.55 on Thursday. Apple has a 1-year low of $89.47 and a 1-year high of $123.82. The stock has a market capitalization of $611.86 billion, a PE ratio of 13.24 and a beta of 1.14. The stock’s 50 day moving average price is $108.61 and its 200 day moving average price is $102.39.

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Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The firm earned $42.36 billion during the quarter, compared to analysts’ expectations of $42.35 billion. During the same quarter last year, the business posted $1.85 earnings per share. The firm’s revenue was down 14.6% on a year-over-year basis. On average, equities research analysts predict that Apple will post $8.26 earnings per share for the current fiscal year.

In other Apple news, SVP Angela J. Ahrendts sold 25,000 shares of the company’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the transaction, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP D Bruce Sewell sold 24,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $110.11, for a total transaction of $2,642,640.00. Following the completion of the transaction, the senior vice president now owns 192,024 shares of the company’s stock, valued at approximately $21,143,762.64. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AAPL. Penserra Capital Management LLC boosted its position in Apple by 39.2% in the second quarter. Penserra Capital Management LLC now owns 1,080 shares of the iPhone maker’s stock valued at $103,000 after buying an additional 304 shares during the period. Delphi Private Advisors LLC boosted its position in Apple by 5.0% in the second quarter. Delphi Private Advisors LLC now owns 1,462 shares of the iPhone maker’s stock valued at $140,000 after buying an additional 69 shares during the period. Hussman Strategic Advisors Inc. purchased a new position in Apple during the second quarter valued at approximately $143,000. River & Mercantile Asset Management LLP boosted its position in Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 334 shares during the period. Finally, Roble Belko & Company Inc boosted its position in Apple by 60.6% in the second quarter. Roble Belko & Company Inc now owns 1,803 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 56.45% of the company’s stock.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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