One technology leader that insiders are buying shares in here is Apple (AAPL - Get Report). This company designs, manufactures, and markets personal computers, mobile communication devices, and portable digital music and video players and sells a variety of related software, services, peripherals, and networking solutions. Insiders are buying this stock into some notable weakness, since shares are off by around 14% in the last three months.
Apple has a market cap of $525 billion and an enterprise value of $498 billion. This stock trades at a cheap valuation, with a trailing price-to-earnings of 12.66 and a forward price-to-earnings of 9.59. Its estimated growth rate for this year is 13.2%, and for next year it's pegged 16.6%. This is an extremely cash-rich company, since the total cash position on its balance sheet is $29.13 billion and its total debt is zero.
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