[at Investor’s Business Daily] – Apple (AAPL) supplier Broadcom (AVGO) might begin “pooling capital” for acquisitions over the next six months to a year, Deutsche Bank analyst Ross Seymore said Monday in a research report following … Read more on this. Apple Inc. (AAPL) , with a current value of $541.65B, started trading this morning at $97.90. Looking at today’s trading action, the company’s one day range from $97.55 to $100.00 with a one year range of $89.47 to $132.97. AAPL shares are currently priced at 11.83x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.68x forward p/e ratio. And for passive income investors, the company pays shareholders $2.28 per share annually in dividends, yielding 2.33%. According to a consensus of 36 analysts, the earnings estimate of $1.39 per share 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 $42.14 Billion. If reported, that would be a 15.04% decrease over the year-ago quarter. In terms of ratings, Needham Initiated AAPL at Strong Buy (Apr 6, 2016). Previously, Cowen upgraded AAPL from Market Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $123.98, which is 26.64% above where the stock opened this morning. See more in (NASDAQ:AAPL) Similar Articles: Market Update: Apple Inc (NASDAQ:AAPL) – More Squawk From Jim Cramer: Strong Broadcom (AVGO) Results Are Bullish for Apple Company Update: Apple Inc (NASDAQ:AAPL) – Apple PT Cut, Exxon Downgraded, Tesla Supplier Nvidia Is A Buy Company Update (NASDAQ:AAPL): Apple Supplier Taiwan Semiconductor: Demand For $500 Phones Dying