Amphenol Corporation (NYSE:APH) Position Raised by Sei Investments Co.
Sei Investments Co. raised its position in shares of Amphenol Corporation (NYSE:APH) by 39.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 173,424 shares of the electronics maker’s stock after buying an additional 49,257 shares during the period. Sei Investments Co.’s holdings in Amphenol Corporation were worth $12,802,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Macquarie Group Ltd. boosted its position in Amphenol Corporation by 66.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,300 shares of the electronics maker’s stock worth $1,095,000 after buying an additional 6,500 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Amphenol Corporation by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 266,561 shares of the electronics maker’s stock worth $18,971,000 after buying an additional 7,272 shares in the last quarter. Creative Planning boosted its position in Amphenol Corporation by 6.4% in the first quarter. Creative Planning now owns 15,254 shares of the electronics maker’s stock worth $1,086,000 after buying an additional 917 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Amphenol Corporation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 95,025 shares of the electronics maker’s stock worth $6,762,000 after buying an additional 1,300 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in Amphenol Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,150 shares of the electronics maker’s stock worth $221,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 96.75% of the company’s stock.
Amphenol Corporation (APH) opened at 77.97 on Wednesday. The firm has a market capitalization of $23.84 billion, a PE ratio of 26.25 and a beta of 0.77. The firm’s 50-day moving average price is $75.09 and its 200-day moving average price is $72.05. Amphenol Corporation has a 1-year low of $59.58 and a 1-year high of $78.39.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. Amphenol Corporation’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business earned $0.65 EPS. On average, equities research analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.97%. Amphenol Corporation’s payout ratio is presently 21.55%.
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A number of research analysts recently commented on APH shares. Royal Bank Of Canada upped their price objective on Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a report on Thursday, April 27th. Stifel Nicolaus upped their price target on Amphenol Corporation from $64.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, April 28th. Deutsche Bank AG upped their price target on Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Morgan Stanley upped their price target on Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $78.38.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares in the company, valued at approximately $22,916,676.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the transaction, the chief financial officer now owns 40,000 shares in the company, valued at approximately $2,914,400. The disclosure for this sale can be found here. Insiders have sold a total of 1,203,400 shares of company stock worth $90,352,140 in the last 90 days. Company insiders own 2.51% of the company’s stock.
About Amphenol Corporation
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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