Penserra Capital Management LLC Increases Position in Amphenol Co. (APH)

Penserra Capital Management LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 385.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,650 shares of the electronics maker’s stock after buying an additional 17,989 shares during the period. Penserra Capital Management LLC’s holdings in Amphenol were worth $2,129,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC increased its stake in Amphenol by 1,165.1% in the 2nd quarter. Voya Investment Management LLC now owns 2,659,699 shares of the electronics maker’s stock worth $231,792,000 after purchasing an additional 2,449,464 shares during the period. FMR LLC increased its stake in Amphenol by 1.7% in the 2nd quarter. FMR LLC now owns 38,544,742 shares of the electronics maker’s stock worth $3,359,175,000 after purchasing an additional 660,569 shares during the period. Assenagon Asset Management S.A. purchased a new position in Amphenol in the 2nd quarter worth approximately $33,726,000. Select Equity Group L.P. increased its stake in Amphenol by 12.8% in the 2nd quarter. Select Equity Group L.P. now owns 2,948,900 shares of the electronics maker’s stock worth $256,997,000 after purchasing an additional 335,554 shares during the period. Finally, Nuance Investments LLC increased its stake in Amphenol by 88.8% in the 2nd quarter. Nuance Investments LLC now owns 628,326 shares of the electronics maker’s stock worth $54,759,000 after purchasing an additional 295,466 shares during the period. 94.00% of the stock is currently owned by institutional investors and hedge funds.

APH opened at $91.14 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68. Amphenol Co. has a 52-week low of $80.42 and a 52-week high of $97.56. The company has a market cap of $27.70 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.88.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Co. will post 3.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.23 per share. 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 dividend payout ratio (DPR) is presently 29.49%.

In other news, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 3,000 shares of the company’s stock, valued at $261,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 7,500 shares in the company, valued at $716,325. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by insiders.

A number of equities analysts have commented on the company. ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Friday, October 26th. Goldman Sachs Group assumed coverage on Amphenol in a research note on Tuesday, October 9th. They issued a “neutral” rating on the stock. Morgan Stanley decreased their price target on Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. Finally, Stifel Nicolaus lifted their price target on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $98.00.

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Amphenol Company Profile

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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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