Apple to Garmin Seen Poised to Extend Surge in Buybacks

Apple Inc., Analog Devices Inc. and Garmin Ltd. are among the U.S. companies with the most firepower to extend the biggest surge in stock buybacks since the 1980s.

Apple has the highest percentage of cash to assets among 47 likely buyback candidates in the Standard & Poor’s 500 Index, followed by circuit maker Analog Devices, according to data compiled by Bloomberg. Garmin, a maker of navigation devices, led among consumer-discretionary companies on that basis.