Assenagon Asset Management S.A. lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 96.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,037 shares of the electronics maker’s stock after selling 372,955 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Amphenol were worth $1,320,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Amphenol by 1.7% during the second quarter. FMR LLC now owns 38,544,742 shares of the electronics maker’s stock valued at $3,359,175,000 after purchasing an additional 660,569 shares during the last quarter. BlackRock Inc. grew its holdings in Amphenol by 0.3% during the second quarter. BlackRock Inc. now owns 22,019,372 shares of the electronics maker’s stock valued at $1,918,990,000 after purchasing an additional 55,849 shares during the last quarter. Select Equity Group L.P. grew its holdings in Amphenol by 12.8% during the second quarter. Select Equity Group L.P. now owns 2,948,900 shares of the electronics maker’s stock valued at $256,997,000 after purchasing an additional 335,554 shares during the last quarter. Voya Investment Management LLC grew its holdings in Amphenol by 1,165.1% during the second quarter. Voya Investment Management LLC now owns 2,659,699 shares of the electronics maker’s stock valued at $231,792,000 after purchasing an additional 2,449,464 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Amphenol by 0.3% during the second quarter. Wells Fargo & Company MN now owns 2,037,065 shares of the electronics maker’s stock valued at $177,531,000 after purchasing an additional 6,976 shares during the last quarter. 94.00% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on APH shares. ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Friday, October 26th. Goldman Sachs Group upgraded Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Tuesday, October 9th. Morgan Stanley increased their price target on Amphenol from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus increased their price target on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $98.00.
Shares of APH stock opened at $91.14 on Friday. Amphenol Co. has a 12 month low of $80.42 and a 12 month high of $97.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68. The company has a market cap of $27.27 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 2.06 and a beta of 0.88.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. Amphenol’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 3.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.01%. Amphenol’s payout ratio is 29.49%.
In other news, VP David M. Silverman sold 7,500 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total value of $716,325.00. Following the sale, the vice president now owns 7,500 shares in the company, valued at $716,325. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Richard Gu sold 2,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now owns 3,000 shares in the company, valued at approximately $261,000. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
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Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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