Published: Fri, December 01, 2017
Hi-Tech | By Cory Rios

Apple Could Be Designing Its Own IPhone Power Chips By 2018

Apple Could Be Designing Its Own IPhone Power Chips By 2018

Earlier this year, shares in London-listed chip designer Imagination Technologies tumbled after Apple said it would stop using its graphics technology for new products as it had developed its own version of the hardware, having used similar tactics of hiring many Imagination engineers. The company had a trading volume of 41,500,037 shares, compared to its average volume of 27,187,473. Also, insider Angela J. Ahrendts sold 63,388 shares of the company's stock in a transaction on Thursday, October 5th. Apple has an average rating of "Buy" and an average target price of $200.24. "(NASDAQ:AAPL) is Palladium Partners LLC's 2nd Largest Position" was first published by Week Herald and is owned by of Week Herald. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. During the same period in the prior year, the company posted $1.50 EPS. equities analysts predict that Apple Inc. will post 11.18 earnings per share for the current fiscal year. Macquarie raised their price objective on shares of Apple from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday, August 2nd. Piper Jaffray Companies lifted their price target on shares of Apple to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, August 2nd. Investors of record on Monday, May 15th were paid a dividend of $0.63 per share. Wells Fargo & Company reiterated a "market perform" rating and issued a $195.00 target price on shares of Apple in a report on Tuesday, November 14th. This represents a $2.52 dividend on an annualized basis and a yield of 1.47%.

Therefore, the analyst reiterates an Overweight rating on AAPL stock with a price target of $200, which represents a 17% increase from where the stock is now trading. The disclosure for this sale can be found here. The ex-dividend date was Friday, November 10th.

Source CNET
Source CNET

When considering the consensus rating of an analyst pool from the last 3 months, Apple has magnetized a strong bullish camp here, with 25 bulls and only 6 neutral analysts on the sidelines. Insiders sold a total of 151,965 shares of company stock worth $24,074,614 over the last quarter. Apple's dividend payout ratio (DPR) is now 27.39%.

Olson explains, "With all of the talk of a "super cycle, ' there has been an ongoing drumbeat of concern around the trajectory of AAPL shares as we move farther away from the launch of iPhone X. In our view, there are several reasons to believe that there is now less need for an imminent path to new innovation". Apple already has designed its own mobile processor but outsources manufacturing to TSMC. Dialog Semiconductor is dependent on Apple, with 74 percent of the company's revenue coming from the iPhone and iPad in 2016.

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