Amphenol Corporation (APH) Shares Bought by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. grew its position in Amphenol Corporation (NYSE:APH) by 53.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,663,455 shares of the electronics maker’s stock after purchasing an additional 928,733 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.87% of Amphenol Corporation worth $196,616,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Amphenol Corporation by 0.5% in the 1st quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock valued at $2,800,937,000 after purchasing an additional 208,471 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amphenol Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares during the period. BlackRock Inc. raised its holdings in shares of Amphenol Corporation by 2,540.0% during the 1st quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the period. State Street Corp raised its holdings in shares of Amphenol Corporation by 1.7% during the 1st quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock valued at $866,273,000 after buying an additional 203,486 shares during the period. Finally, Janus Capital Management LLC raised its holdings in shares of Amphenol Corporation by 10.8% during the 1st quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amphenol Corporation (APH) traded up 0.17% during midday trading on Tuesday, hitting $82.94. The company had a trading volume of 178,410 shares. The company’s 50 day moving average is $79.62 and its 200 day moving average is $74.61. The firm has a market cap of $25.33 billion, a price-to-earnings ratio of 27.93 and a beta of 0.76. Amphenol Corporation has a one year low of $62.64 and a one year high of $83.07.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 EPS. Equities analysts forecast that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is 25.59%.
Several brokerages recently commented on APH. Royal Bank Of Canada reiterated a “top pick” rating and set a $85.00 target price (up from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Wednesday, June 7th. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $72.00 target price on shares of Amphenol Corporation in a report on Monday, August 14th. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corporation presently has a consensus rating of “Buy” and a consensus price target of $80.00.
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In other news, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares in the company, valued at approximately $3,188,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Doherty sold 61,800 shares of the company’s stock in a transaction dated 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 owns 8,800 shares of the company’s stock, valued at approximately $687,456. The disclosure for this sale can be found here. In the last quarter, insiders have sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is currently owned by corporate insiders.
Amphenol Corporation Company Profile
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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