Penserra Capital Management LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 27.5% during the first quarter, HoldingsChannel reports. The firm owned 11,276 shares of the electronics maker’s stock after selling 4,274 shares during the period. Penserra Capital Management LLC’s holdings in Amphenol were worth $1,122,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in APH. Ardevora Asset Management LLP lifted its stake in Amphenol by 11.1% in the fourth quarter. Ardevora Asset Management LLP now owns 422,848 shares of the electronics maker’s stock valued at $34,259,000 after acquiring an additional 42,300 shares during the last quarter. Natixis Advisors L.P. lifted its stake in Amphenol by 5.6% in the fourth quarter. Natixis Advisors L.P. now owns 65,274 shares of the electronics maker’s stock valued at $5,288,000 after acquiring an additional 3,449 shares during the last quarter. FMR LLC lifted its stake in Amphenol by 6.4% in the fourth quarter. FMR LLC now owns 41,896,298 shares of the electronics maker’s stock valued at $3,394,437,000 after acquiring an additional 2,534,967 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its stake in Amphenol by 2.6% in the fourth quarter. Penobscot Investment Management Company Inc. now owns 17,905 shares of the electronics maker’s stock valued at $1,451,000 after acquiring an additional 460 shares during the last quarter. Finally, Moody National Bank Trust Division lifted its stake in Amphenol by 103.9% in the first quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock valued at $44,000 after acquiring an additional 240 shares during the last quarter. 95.15% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Richard Adam Norwitt sold 430,000 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $99.46, for a total transaction of $42,767,800.00. Following the transaction, the chief executive officer now owns 200,000 shares of the company’s stock, valued at $19,892,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jean-Luc Gavelle sold 31,000 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $94.00, for a total transaction of $2,914,000.00. Following the transaction, the vice president now directly owns 31,000 shares in the company, valued at approximately $2,914,000. The disclosure for this sale can be found here. Insiders have sold 886,505 shares of company stock worth $88,065,603 in the last ninety days. 2.60% of the stock is currently owned by insiders.
A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. SunTrust Banks upgraded shares of Amphenol from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $89.00 to $112.00 in a research note on Tuesday, April 2nd. Wells Fargo & Co set a $105.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a research note on Monday, March 18th. Morgan Stanley boosted their price objective on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Wednesday, February 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $105.29.
Shares of Amphenol stock opened at $89.51 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.85. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The firm has a market capitalization of $26.74 billion, a PE ratio of 23.74, a PEG ratio of 2.19 and a beta of 0.91.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. Amphenol had a net margin of 14.55% and a return on equity of 29.75%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company earned $0.83 earnings per share. Amphenol’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, analysts anticipate that Amphenol Co. will post 3.86 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 19th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, June 18th. Amphenol’s dividend payout ratio (DPR) is currently 24.40%.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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