Stock Update (NASDAQ:AAPL): Apple Chipmaker Qorvo Leads Skyworks In Carrier Aggregation Battle

[at Investor’s Business Daily] – Apple (AAPL) iPhone supplier Qorvo (QRVO) is better-positioned to grow than low-band radio-frequency (RF) rival Skyworks Solutions (SWKS) as infrastructure upgrades spur data usage and demand for increasingly … Read more on this. Apple Inc. (AAPL) , valued at $545.83B, began trading this morning at $98.50. Shares have traded today between $98.46 and $99.99 per share with the price of the stock fluctuating between $89.47 to $132.97 over the last 52 weeks. Apple (AAPL) shares are currently priced at 11.95x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.68x earnings multiple for the same period. The company pays shareholders $2.28 per share annually in dividends, yielding 2.31%. Consensus earnings for the current quarter by the 37 sell-side analysts covering the stock is an estimate of $1.39 per share, which would be $0.46 worse than the year-ago quarter and a $0.38 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $8.28, which would be a $0.94 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $42.43 Billion. If reported, that would be a 14.46% decrease over the year-ago quarter. Recently, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. With the above information in mind, readers should note that the average price target is $124.90, which is 26.80% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Company Update: Apple Inc (NASDAQ:AAPL) – Skyworks Growth Threatened By ‘Unfavorable’ Apple iPhone Comparison Company Update (NASDAQ:AAPL): Will Apple Supplier Skyworks Kick Off 2016 Chip M&A With Maxim Buy? Company Update (NASDAQ:AAPL): Skyworks, Qorvo: Not Just Apple, Samsung, but China OEMs a Risk, Says Rosenblatt