BNP Paribas Arbitrage SA lifted its position in Amphenol Corporation (NYSE:APH) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,991 shares of the electronics maker’s stock after buying an additional 53,059 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.09% of Amphenol Corporation worth $24,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Connable Office Inc. boosted its stake in shares of Amphenol Corporation by 1.8% in the 3rd quarter. Connable Office Inc. now owns 33,706 shares of the electronics maker’s stock worth $2,853,000 after buying an additional 601 shares during the last quarter. Essex Financial Services Inc. purchased a new position in shares of Amphenol Corporation in the 3rd quarter worth $229,000. Candriam Luxembourg S.C.A. boosted its stake in shares of Amphenol Corporation by 6.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 25,668 shares of the electronics maker’s stock worth $2,173,000 after buying an additional 1,563 shares during the last quarter. Brown Advisory Securities LLC boosted its stake in shares of Amphenol Corporation by 17.8% in the 3rd quarter. Brown Advisory Securities LLC now owns 7,293 shares of the electronics maker’s stock worth $616,000 after buying an additional 1,100 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Amphenol Corporation by 503.6% in the 3rd quarter. Bessemer Group Inc. now owns 83,755 shares of the electronics maker’s stock worth $7,089,000 after buying an additional 69,878 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.
In other Amphenol Corporation news, Director Diana G. Reardon sold 28,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $87.28, for a total transaction of $2,443,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the sale, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The disclosure for this sale can be found here. Insiders have sold 397,000 shares of company stock worth $33,877,390 over the last quarter. 2.51% of the stock is owned by company insiders.
Amphenol Corporation (NYSE:APH) traded up $1.49 during midday trading on Friday, reaching $88.21. The company had a trading volume of 1,359,100 shares, compared to its average volume of 1,128,188. The stock has a market capitalization of $26,479.01, a P/E ratio of 27.53, a PEG ratio of 2.66 and a beta of 0.80. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $88.36.
Amphenol Corporation (NYSE:APH) last released its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. Amphenol Corporation’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. sell-side analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.86%. Amphenol Corporation’s dividend payout ratio (DPR) is presently 24.20%.
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A number of equities analysts have recently issued reports on APH shares. Stifel Nicolaus restated a “hold” rating and issued a $72.00 price target on shares of Amphenol Corporation in a research note on Friday, July 14th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research note on Wednesday, July 19th. BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $87.90.
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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