Eqis Capital Management Inc. boosted its position in Amphenol Corporation (NYSE:APH) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,290 shares of the electronics maker’s stock after buying an additional 326 shares during the period. Eqis Capital Management Inc.’s holdings in Amphenol Corporation were worth $612,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. increased its stake in Amphenol Corporation by 507.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 49,970 shares of the electronics maker’s stock worth $3,689,000 after buying an additional 41,743 shares in the last quarter. National Pension Service increased its stake in Amphenol Corporation by 4.9% in the second quarter. National Pension Service now owns 296,499 shares of the electronics maker’s stock worth $21,870,000 after buying an additional 13,790 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Amphenol Corporation by 11.2% in the second quarter. State of Alaska Department of Revenue now owns 6,241 shares of the electronics maker’s stock worth $460,000 after buying an additional 630 shares in the last quarter. Fisher Asset Management LLC increased its stake in Amphenol Corporation by 3.9% in the second quarter. Fisher Asset Management LLC now owns 4,428 shares of the electronics maker’s stock worth $327,000 after buying an additional 168 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. increased its stake in Amphenol Corporation by 269.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 7,714 shares of the electronics maker’s stock worth $569,000 after buying an additional 5,624 shares in the last quarter. 96.60% of the stock is owned by institutional investors and hedge funds.
Amphenol Corporation (APH) opened at 75.58 on Thursday. Amphenol Corporation has a 52-week low of $58.38 and a 52-week high of $76.67. The company’s 50-day moving average price is $74.83 and its 200 day moving average price is $71.39. The stock has a market capitalization of $23.10 billion, a PE ratio of 26.81 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, April 26th. The electronics maker reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.05. Amphenol Corporation had a return on equity of 24.24% and a net margin of 13.93%. The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period last year, the firm earned $0.59 EPS. Amphenol Corporation’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts forecast that Amphenol Corporation will post $2.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Monday, June 19th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. Amphenol Corporation’s payout ratio is presently 22.70%.
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A number of research firms have issued reports on APH. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and issued a $72.00 price target on shares of Amphenol Corporation in a research report on Friday, July 14th. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada lifted their price target on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.38.
In other Amphenol Corporation news, VP Martin Booker sold 46,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.42, for a total value of $3,469,320.00. Following the completion of the sale, the vice president now owns 20,400 shares in the company, valued at approximately $1,538,568. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total value of $1,092,900.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The disclosure for this sale can be found here. Insiders sold a total of 893,000 shares of company stock valued at $66,184,060 in the last quarter. 2.92% of the stock is currently owned by company insiders.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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