Kornitzer Capital Management Inc. KS decreased its stake in shares of Amphenol Co. (NYSE:APH) by 34.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 174,545 shares of the electronics maker’s stock after selling 93,610 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.06% of Amphenol worth $16,411,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Bartlett & Co. LLC acquired a new stake in shares of Amphenol during the 3rd quarter worth approximately $110,000. Braun Bostich & Associates Inc. grew its position in Amphenol by 1,407.1% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock valued at $112,000 after purchasing an additional 1,196 shares during the period. Landaas & Co. WI ADV acquired a new stake in Amphenol in the 2nd quarter valued at $113,000. Fort L.P. acquired a new stake in Amphenol in the 2nd quarter valued at $119,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its position in Amphenol by 16,640.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 1,664 shares during the period. 94.46% of the stock is owned by institutional investors.
NYSE APH opened at $87.94 on Monday. 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 current ratio of 1.68 and a quick ratio of 1.19. The firm has a market capitalization of $26.50 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 2.00 and a beta of 0.86.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm posted $0.83 EPS. Amphenol’s revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts expect that Amphenol Co. will post 3.7 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, December 14th. Amphenol’s dividend payout ratio is 29.49%.
Several research firms recently issued reports on APH. Morgan Stanley raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $95.00 to $102.00 in a research report on Thursday, August 9th. Goldman Sachs Group began coverage on shares of Amphenol in a research report on Tuesday, October 9th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Amphenol presently has an average rating of “Hold” and a consensus target price of $98.33.
In other Amphenol news, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction on Friday, November 2nd. The shares were 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 approximately $261,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 7,500 shares of Amphenol stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $95.51, for a total transaction 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. 2.34% of the stock is owned by insiders.
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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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