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Report: Apple Inc. (AAPL) Considering Investing “Several Billion Dollars” in Toshiba

Apple Inc. (NASDAQ:AAPL)  is reportedly mulling over investing in Toshiba Corp.’s semiconductor business, Reuters said April 14, citing Japanese public broadcaster NHK.

Apple Inc. (NASDAQ:AAPL) is said to be pondering on teaming up with its supplier Foxconn to unload “several billion dollars” to acquire more than 20% of Toshiba’s semiconductor business. Foxconn is considered a potential threat to the national security of Japan for any transfer of sensitive technology that may arise with a deal due to its ties with China.

The chip sale auction was participated in by Foxconn as well as Toshiba’s partner Western Digital Corp., which is also instigating that Toshiba’s move to sell the chip business was a violation of their JV. Western Digital indicated that they should have exclusive negotiating rights, the report said.

There is no clear proof that Apple participated in the said auction.

Apple Inc. shares fell 0.53% in below-average trading to $141.05 on April 14.

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What Does The Smart Money Sentiment Say?

The Smart Money was bearish on Apple Inc. (NASDAQ:AAPL) stocks, after we saw a noticeable decline in hedge funds who own shares quarter over quarter. By the end of the fourth quarter of 2016, only 113 hedge funds hold shares of the company valued at $16.54 billion, versus 145 funds who own shares valued at $16.22 billion in the third quarter of the same year.

While the Smart Money shied away from Apple, Warren Buffet of Berkshire Hathaway continues a bullish outlook with a 277% increase in activity in Q4. As of the fourth quarter of 2016, his shares now stand at over 57 million and valued at $6.64 billion.

At Insider Monkey, we’ve developed an investment strategy that has delivered market-beating returns over the past 12 months. Our strategy identifies the 100 best-performing funds of the previous quarter from among the collection of 700+ successful funds that we track in our database, which we accomplish using our returns methodology. We then study the portfolios of those 100 funds using the latest 13F data to uncover the 30 most popular mid-cap stocks (market caps of between $1 billion and $10 billion) among them to hold until the next filing period. This strategy delivered 39.7% gains over the past 12 months and outperformed the 24.1% gain enjoyed by the S&P 500 ETFs. Our enhanced small-cap hedge fund strategy returned more than 45% over the last 12 months and outperformed SPY by more than 30 percentage points over the last 4.5 years (see details here).

The Bottom Line

Apple Inc. (NASDAQ:AAPL) is in the spotlight as it becomes the subject of a potential deal to acquire the semiconductor business of Toshiba. For further reading, check out the 11 worst tech mergers and acquisitions ever.

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