Weybosset Research & Management Lowered Its Apple (AAPL) Stake by $498,190; Primecap Management Company Has Lifted Maxlinear (MXL) Stake by $8.78 Million

January 13, 2018 - By Michael Collier

Weybosset Research & Management Llc decreased its stake in Apple Inc (AAPL) by 63.69% based on its latest 2017Q3 regulatory filing with the SEC. Weybosset Research & Management Llc sold 3,235 shares as the company’s stock rose 12.78% with the market. The institutional investor held 1,844 shares of the computer manufacturing company at the end of 2017Q3, valued at $284,000, down from 5,079 at the end of the previous reported quarter. Weybosset Research & Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $900.87B market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 13, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Primecap Management Company increased its stake in Maxlinear Inc (MXL) by 136.36% based on its latest 2017Q3 regulatory filing with the SEC. Primecap Management Company bought 381,809 shares as the company’s stock rose 16.78% with the market. The institutional investor held 661,809 shares of the technology company at the end of 2017Q3, valued at $15.72 million, up from 280,000 at the end of the previous reported quarter. Primecap Management Company who had been investing in Maxlinear Inc for a number of months, seems to be bullish on the $1.79B market cap company. The stock increased 0.07% or $0.02 during the last trading session, reaching $26.78. About 421,026 shares traded. MaxLinear, Inc. (NYSE:MXL) has risen 63.31% since January 13, 2017 and is uptrending. It has outperformed by 46.61% the S&P500.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 11 Hold. Therefore 77% are positive. Apple Inc. had 344 analyst reports since July 21, 2015 according to SRatingsIntel. As per Monday, June 5, the company rating was downgraded by Pacific Crest. The firm has “Neutral” rating by Rosenblatt given on Wednesday, January 6. The firm has “Hold” rating by Mizuho given on Monday, September 18. The firm has “Buy” rating given on Wednesday, August 2 by FBN Securities. The firm has “Buy” rating given on Wednesday, April 27 by Maxim Group. The rating was maintained by Piper Jaffray on Tuesday, January 2 with “Buy”. On Wednesday, August 5 the stock rating was downgraded by Bank of America to “Neutral”. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, February 21 with “Overweight” rating. Nomura maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, September 13. Nomura has “Buy” rating and $185.0 target. The rating was maintained by Brean Capital with “Buy” on Wednesday, July 27.

Since August 7, 2017, it had 0 insider buys, and 12 insider sales for $93.68 million activity. $1.01M worth of Apple Inc. (NASDAQ:AAPL) was sold by KONDO CHRIS. Another trade for 56,808 shares valued at $8.79M was sold by SCHILLER PHILIP W. Shares for $9.78 million were sold by AHRENDTS ANGELA J on Tuesday, October 3. $2.73 million worth of stock was sold by Riccio Daniel J. on Friday, January 5. 268,623 shares were sold by COOK TIMOTHY D, worth $43.15M. Another trade for 5,892 shares valued at $948,612 was made by Srouji Johny on Monday, August 28.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Private Asset Management holds 2.77% or 17,223 shares in its portfolio. Hilton Capital Management Llc, a New York-based fund reported 18,926 shares. Walter And Keenan Consulting Com Mi Adv owns 2.93% invested in Apple Inc. (NASDAQ:AAPL) for 41,245 shares. The Pennsylvania-based Smithbridge Asset Inc De has invested 4.53% in Apple Inc. (NASDAQ:AAPL). Live Your Vision Llc invested 0.44% in Apple Inc. (NASDAQ:AAPL). Moreover, Axa has 2.39% invested in Apple Inc. (NASDAQ:AAPL) for 3.60 million shares. Hancock stated it has 4,559 shares or 0.03% of all its holdings. Personal Capital Advsr Corp holds 0.83% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 278,186 shares. Vista Prtnrs holds 0.12% or 3,256 shares in its portfolio. Greylin Inv Mangement accumulated 4,801 shares. California-based Mraz Amerine And Associate has invested 0.45% in Apple Inc. (NASDAQ:AAPL). Outfitter Ltd owns 15,358 shares for 0.83% of their portfolio. Amundi Pioneer Asset reported 8.78 million shares or 4.31% of all its holdings. Nationwide Fund Advisors has 3.47 million shares. Gateway Inv Advisers Limited Com has 3.78% invested in Apple Inc. (NASDAQ:AAPL) for 2.84M shares.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.81 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Primecap Management Company, which manages about $87.86 billion and $120.82 billion US Long portfolio, decreased its stake in Western Digital Corp (NASDAQ:WDC) by 54,253 shares to 1.07 million shares, valued at $92.43 million in 2017Q3, according to the filing. It also reduced its holding in The Rubicon Project (NYSE:RUBI) by 260,000 shares in the quarter, leaving it with 1.71 million shares, and cut its stake in Csx Corp. (NYSE:CSX).

Since January 9, 2018, it had 0 insider purchases, and 1 sale for $700,554 activity.

Among 11 analysts covering Maxlinear Inc. (NYSE:MXL), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Maxlinear Inc. had 35 analyst reports since September 17, 2015 according to SRatingsIntel. Needham maintained MaxLinear, Inc. (NYSE:MXL) on Monday, July 17 with “Buy” rating. The firm earned “Buy” rating on Tuesday, February 9 by Stifel Nicolaus. The stock of MaxLinear, Inc. (NYSE:MXL) has “Buy” rating given on Wednesday, November 4 by Needham. The company was initiated on Friday, February 26 by Topeka Capital Markets. Needham maintained it with “Buy” rating and $26 target in Wednesday, January 25 report. As per Wednesday, January 13, the company rating was maintained by TH Capital. Roth Capital maintained the stock with “Buy” rating in Wednesday, January 13 report. The firm earned “Buy” rating on Thursday, September 17 by Needham. Needham maintained the stock with “Buy” rating in Friday, March 31 report. The stock has “Buy” rating by Roth Capital on Friday, December 29.

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