Is Apple Repurchasing Shares?

The iPhone maker repurchased $19 billion of stock in the March quarter, bringing the total for the past fourth quarters to $77 billion. Apple added $90 billion to its repurchase authorization.

Is Apple buying back its shares?

And Apple is no stranger to this, having bought back $50 billion worth of shares in 2020 and $75 billion worth in 2019.

Is Apple an undervalued stock?

Unfortunately, Apple's forward earnings ratio of 26 doesn't make the stock undervalued at its current price. In fact, it appears to be fairly valued compared to technology sector peers that are currently averaging a 26.4 forward earnings multiple. ... Unfortunately, it doesn't seem to be particularly undervalued either.