Daiwa Securities Group Inc. decreased its position in shares of Amphenol Corporation (NYSE:APH) by 52.7% during the second quarter, Holdings Channel reports. The firm owned 14,250 shares of the electronics maker’s stock after selling 15,900 shares during the period. Daiwa Securities Group Inc.’s holdings in Amphenol Corporation were worth $1,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in APH. BlackRock Inc. boosted its position in shares of Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock worth $1,356,586,000 after buying an additional 18,339,185 shares during the period. Vanguard Group Inc. boosted its position in shares of Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock worth $2,120,464,000 after buying an additional 914,857 shares during the period. Janus Capital Management LLC boosted its position in shares of Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock worth $657,176,000 after buying an additional 900,961 shares during the period. Geode Capital Management LLC boosted its position in shares of Amphenol Corporation by 9.0% in the first quarter. Geode Capital Management LLC now owns 3,175,971 shares of the electronics maker’s stock worth $225,728,000 after buying an additional 261,287 shares during the period. Finally, Pioneer Investment Management Inc. boosted its position in shares of Amphenol Corporation by 12.7% in the first quarter. Pioneer Investment Management Inc. now owns 2,264,594 shares of the electronics maker’s stock worth $161,171,000 after buying an additional 255,097 shares during the period. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Corporation (NYSE APH) opened at 77.77 on Friday. The stock’s 50 day moving average is $75.41 and its 200-day moving average is $72.33. Amphenol Corporation has a 52-week low of $59.58 and a 52-week high of $78.58. The firm has a market capitalization of $23.75 billion, a PE ratio of 26.19 and a beta of 0.77.

Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Equities analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.98%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is presently 21.55%.

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A number of research analysts have weighed in on APH shares. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Wednesday, June 7th. Deutsche Bank AG lifted their price target on shares of Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada lifted their price target on shares of Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a research report on Thursday, April 27th. Finally, BidaskClub cut shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $78.38.

In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $21,490,815.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William J. Doherty sold 61,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total value of $4,827,816.00. Following the sale, the vice president now directly owns 8,800 shares of the company’s stock, valued at approximately $687,456. The disclosure for this sale can be found here. Insiders have sold 1,265,200 shares of company stock valued at $95,179,956 in the last ninety 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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Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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