NEW YORK (TheStreet) -- Apple (AAPL) - Get Report is asking a U.S. court to make South Korean electronics company Samsung Electronics (SSNLF) pay $180 million more in damages in a long-running patent dispute.
This action comes after Samsung over a week ago paid the tech giant over $548 million for iPhone patents and designs, according to Reuters.
The two smartphone market leaders have been in a dispute since 2011, when Apple sued the electronics company for allegedly violating its patents.
Separately, numerous Wall Street analysts have reduced their price targets on Apple over the past few weeks citing signs pointing to underwhelming iPhone sales, the Wall Street Journal noted.
For instance, Cowen & Co. less than a week ago decreased Apple's price target to $130 from $135 while keeping a "market perform" rating on the stock. Similarly, Morgan Stanley lowered its price target to $143 from $152, expecting a decline in iPhone units by 6% in 2016.
Apple shares are retreating 0.45% to $107.54 on Monday morning.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate APPLE INC as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, notable return on equity and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- APPLE INC has improved earnings per share by 38.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, APPLE INC increased its bottom line by earning $9.20 versus $6.43 in the prior year. This year, the market expects an improvement in earnings ($9.77 versus $9.20).
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Computers & Peripherals industry average. The net income increased by 31.4% when compared to the same quarter one year prior, rising from $8,467.00 million to $11,124.00 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 25.4%. Since the same quarter one year prior, revenues rose by 22.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Computers & Peripherals industry and the overall market, APPLE INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
- 45.95% is the gross profit margin for APPLE INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 21.59% is above that of the industry average.
- You can view the full analysis from the report here: AAPL