Notable Analyst Calls: Apple (AAPL), Finisar (FNSR), Nvidia Corporation (NVDA)

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Apple Inc. (AAPL) was reiterated an ‘Outperform’ by RBC Capital Markets analysts on Friday. The broker however, cut its price target on the stock to $115 from $120.

Apple recently traded at $95.85, a loss of $1.70 over Thursday’s closing price. The name has a current market capitalization of $524.99 billion.

As for passive income investors, the company pays shareholders $2.28 per share annually in dividends, yielding 2.34%
Finisar Corp. (FNSR) was reiterated as ‘Buy’ with a $24 from $22 price target on Friday by Needham. Barclays also raised its price target on the stock to $20 from $17 and maintained its ‘Equal weight’.

Finisar shares are advancing on Friday following the company’s better-than-expected 4Q16 results.

Finisar Corp. posted non-GAAP EPS of $0.29, compared to the consensus estimate of $0.25. Revenues decreased 0.4% from last year to $318.8 million. Analysts expected revenues of $317.88 million.

For the 2017 fiscal first quarter, FNSR provided EPS guidance of $0.27 – $0.33 versus consensus of $0.27 per share. The fiber optic communications tech company also issued revenue projection of $323 – $343 million, compared to the consensus revenue estimate of $327.97 million.

The stock is currently up $1.21 to $18.79 on 4.6 million shares.

Nvidia Corporation (NVDA) rating of ‘Outperform’ was reiterated today at RBC Capital Markets with a price target increase of $47 from $40 (versus a $47.55 previous close). The firm anticipates continued auto strength.

Nvidia’s shares have gained about 43% year-to-date. The stock was trading down $1.22 in mid-day trade Friday to $46.97.

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