Apple (NASDAQ:AAPL) Given Underweight Rating at KeyCorp

Apple (NASDAQ:AAPL)‘s stock had its “underweight” rating reiterated by investment analysts at KeyCorp in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $250.00 target price on the iPhone maker’s stock. KeyCorp‘s target price suggests a potential downside of 26.11% from the stock’s current price.

Several other equities research analysts have also commented on AAPL. TD Cowen reiterated a “buy” rating and issued a $400.00 price objective on shares of Apple in a research note on Thursday, September 10th. Maxim Group boosted their target price on shares of Apple from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Thursday, September 10th. Sanford C. Bernstein restated an “outperform” rating on shares of Apple in a research note on Thursday. Finally, The Goldman Sachs Group assumed coverage on shares of Apple in a report on Monday, August 17th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $342.02.

Apple Price Performance

AAPL stock opened at $338.32 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The business has a 50-day simple moving average of $333.62 and a two-hundred day simple moving average of $296.77. The company has a market capitalization of $4.94 trillion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Apple has a 52-week low of $243.42 and a 52-week high of $351.73.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. Apple had a return on equity of 135.46% and a net margin of 27.62%. The firm had revenue of $114.48 billion during the quarter, compared to the consensus estimate of $113.40 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts expect that Apple will post 8.75 EPS for the current fiscal year.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 46,389 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $333.42, for a total transaction of $15,467,020.38. Following the sale, the senior vice president directly owned 136,810 shares in the company, valued at approximately $45,615,190.20. This represents a 25.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction of $806,495.82. Following the completion of the transaction, the senior vice president directly owned 41,992 shares of the company’s stock, valued at approximately $14,116,870.56. This trade represents a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 289,252 shares of company stock worth $96,301,063 over the last three months. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Apple

Hedge funds and other institutional investors have recently bought and sold shares of the business. Avenir Tech Ltd bought a new stake in Apple during the second quarter valued at $29,000. Ironwood Wealth Management Inc. bought a new position in Apple in the 3rd quarter worth about $34,000. Longfellow Investment Management Co. LLC bought a new position in Apple in the 2nd quarter worth about $30,000. ABS Investment Management LLC bought a new position in Apple in the 2nd quarter worth about $376,168,000. Finally, Bamco Inc. NY purchased a new stake in shares of Apple in the 2nd quarter valued at about $118,000. Institutional investors own 67.73% of the company’s stock.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal Q4 revenue of $114.48 billion and earnings of $2.10 per share, exceeding Wall Street estimates of approximately $113.4 billion and $1.99, respectively. Revenue increased 11.7% year over year. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Strong demand for the iPhone 18 Pro lineup and higher prices drove iPhone revenue, while Mac sales also surged. Apple said its active installed base reached an all-time high, supporting the long-term ecosystem outlook. Apple posts record September quarter under new CEO
• Positive Sentiment: Some analysts remain bullish, arguing that memory-cost challenges are manageable and that Apple could benefit from an AI-driven Mac upgrade cycle, education demand and new lower-priced Mac products. Citi maintained a Buy rating with a $365 price target. Apple strong September quarter and growth catalysts
• Neutral Sentiment: The results were John Ternus’s first earnings report as CEO. His early performance was viewed positively, but investors are seeking more clarity on Apple’s AI strategy, Siri and potential paid AI services. Apple CEO John Ternus faces investor questions
• Negative Sentiment: Management warned that “unprecedented” memory-chip inflation will pressure gross margins and that supply constraints for Macs and iPads could persist through the December quarter. Higher memory costs fuel Apple margin concerns
• Negative Sentiment: Holiday-quarter guidance disappointed investors because services growth is expected to slow while Apple absorbs higher AI-related cloud costs. China revenue, iPad sales and some other product categories also lagged expectations. Analysts assess Apple after earnings
• Negative Sentiment: A tariff refund contributed roughly one percentage point to gross margin and $0.05 to earnings per share, raising concerns about the quality and sustainability of part of the quarterly beat. Apple reports fourth-quarter results

Apple Company Profile

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple’s services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.