Hgk Asset Management Has Decreased Apple (AAPL) Holding By $3.56 Million; Roystone Capital Management LP Decreased By $14.73 Million Its Silicon Motion Technology Co (SIMO) Position

December 17, 2017 - By Louis Casey

Hgk Asset Management Inc decreased Apple Inc. (AAPL) stake by 19.69% reported in 2017Q2 SEC filing. Hgk Asset Management Inc sold 24,742 shares as Apple Inc. (AAPL)’s stock rose 12.78%. The Hgk Asset Management Inc holds 100,904 shares with $14.53 million value, down from 125,646 last quarter. Apple Inc. now has $893.22B valuation. The stock increased 1.02% or $1.75 during the last trading session, reaching $173.97. About 40.17M shares traded or 46.95% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since December 17, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Roystone Capital Management Lp decreased Silicon Motion Technology Co (SIMO) stake by 32.8% reported in 2017Q2 SEC filing. Roystone Capital Management Lp sold 306,800 shares as Silicon Motion Technology Co (SIMO)’s stock rose 17.92%. The Roystone Capital Management Lp holds 628,700 shares with $30.32 million value, down from 935,500 last quarter. Silicon Motion Technology Co now has $1.89B valuation. The stock increased 0.99% or $0.52 during the last trading session, reaching $52.96. About 362,306 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since December 17, 2016 and is uptrending. It has outperformed by 4.76% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.25 billion for 11.60 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Among 51 analysts covering Apple Inc. (NASDAQ:AAPL), 41 have Buy rating, 1 Sell and 9 Hold. Therefore 80% are positive. Apple Inc. had 339 analyst reports since July 21, 2015 according to SRatingsIntel. Drexel Hamilton maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, July 27. Drexel Hamilton has “Buy” rating and $115 target. The firm has “Outperform” rating by Cowen & Co given on Wednesday, April 27. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Monday, June 5 by KeyBanc Capital Markets. Canaccord Genuity maintained it with “Buy” rating and $18000 target in Wednesday, August 2 report. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Rosenblatt on Wednesday, September 9. As per Monday, July 10, the company rating was maintained by Piper Jaffray. Stifel Nicolaus downgraded Apple Inc. (NASDAQ:AAPL) on Wednesday, October 26 to “Hold” rating. Maxim Group maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, January 31 with “Buy” rating. The firm has “Overweight” rating given on Wednesday, April 20 by Barclays Capital. Guggenheim maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, February 28 with “Buy” rating.

Since August 7, 2017, it had 0 buys, and 11 insider sales for $90.94 million activity. 63,163 Apple Inc. (NASDAQ:AAPL) shares with value of $9.98 million were sold by FEDERIGHI CRAIG. $2.42M worth of stock was sold by Riccio Daniel J. on Thursday, October 5. 63,388 shares valued at $9.78M were sold by AHRENDTS ANGELA J on Tuesday, October 3. KONDO CHRIS sold $1.01M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, August 15. Another trade for 31,625 shares valued at $5.00 million was sold by SEWELL D BRUCE. Srouji Johny had sold 5,892 shares worth $948,612 on Monday, August 28. LEVINSON ARTHUR D sold 35,000 shares worth $5.52M.

Investors sentiment increased to 0.7 in Q2 2017. Its up 0.02, from 0.68 in 2017Q1. It improved, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Texas Permanent School Fund holds 1.46M shares. United Kingdom-based Herald Invest Management Limited has invested 0.87% in Apple Inc. (NASDAQ:AAPL). Patriot Wealth Mgmt Inc invested 2.5% of its portfolio in Apple Inc. (NASDAQ:AAPL). Thomas White Int Ltd has 2,100 shares for 0.05% of their portfolio. London Of Virginia owns 966,049 shares for 0.94% of their portfolio. Riverbridge Partners Ltd has 41,592 shares. Moreover, Spears Abacus Advsr Limited Com has 4.57% invested in Apple Inc. (NASDAQ:AAPL). 2,585 were accumulated by Earnest Ptnrs Ltd Liability. Moreover, Sector Pension Investment Board has 1.03% invested in Apple Inc. (NASDAQ:AAPL). Symons Cap invested in 2,100 shares. M&R Capital Incorporated reported 3.58% in Apple Inc. (NASDAQ:AAPL). Mercer Cap Advisers Incorporated holds 39,898 shares or 4.3% of its portfolio. Avalon Advisors owns 348,247 shares or 1.67% of their US portfolio. Cornerstone holds 1.11% or 13,718 shares in its portfolio. Cape Cod Five Cents Financial Bank stated it has 1.88% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Among 17 analysts covering Silicon Motion (NASDAQ:SIMO), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Silicon Motion had 35 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Sell” rating by Standpoint Research given on Tuesday, June 6. As per Friday, October 27, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Outperform” rating on Monday, August 17 by Pacific Crest. The company was maintained on Tuesday, July 28 by Topeka Capital Markets. The company was maintained on Wednesday, September 6 by KeyBanc Capital Markets. Summit Redstone Partners upgraded Silicon Motion Technology Corporation (NASDAQ:SIMO) on Thursday, December 7 to “Buy” rating. Needham maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Friday, July 8. Needham has “Buy” rating and $60 target. The firm has “Buy” rating given on Friday, January 29 by Craig Hallum. The rating was maintained by Loop Capital Markets on Tuesday, June 6 with “Buy”. The firm has “Buy” rating by Roth Capital given on Thursday, September 29.

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