Jane Street Group LLC reduced its position in shares of Amphenol Corporation (NYSE:APH) by 21.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,591 shares of the electronics maker’s stock after selling 3,466 shares during the period. Jane Street Group LLC’s holdings in Amphenol Corporation were worth $897,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of APH. AQR Capital Management LLC raised its stake in shares of Amphenol Corporation by 2.4% in the first quarter. AQR Capital Management LLC now owns 23,226 shares of the electronics maker’s stock worth $1,653,000 after buying an additional 538 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Amphenol Corporation by 284.2% in the first quarter. Gotham Asset Management LLC now owns 43,713 shares of the electronics maker’s stock worth $3,111,000 after buying an additional 32,335 shares during the period. State Street Corp raised its position in shares of Amphenol Corporation by 1.7% in the first quarter. State Street Corp now owns 12,171,868 shares of the electronics maker’s stock worth $866,273,000 after buying an additional 203,486 shares during the period. Nippon Life Global Investors Americas Inc. raised its position in shares of Amphenol Corporation by 19.5% in the first quarter. Nippon Life Global Investors Americas Inc. now owns 176,530 shares of the electronics maker’s stock worth $12,563,000 after buying an additional 28,820 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Amphenol Corporation during the first quarter worth approximately $1,914,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.
Shares of Amphenol Corporation (APH) opened at 74.84 on Tuesday. Amphenol Corporation has a 1-year low of $58.34 and a 1-year high of $76.67. The firm has a 50-day moving average of $74.61 and a 200 day moving average of $70.78. The company has a market capitalization of $22.87 billion, a P/E ratio of 26.55 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Amphenol Corporation had a return on equity of 24.24% and a net margin of 13.93%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm posted $0.59 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts expect that Amphenol Corporation will post $2.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Monday, June 19th were given a $0.16 dividend. The ex-dividend date was Thursday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.86%. Amphenol Corporation’s dividend payout ratio is presently 22.70%.
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APH has been the topic of a number of recent research reports. Cowen and Company initiated coverage on shares of Amphenol Corporation in a report on Tuesday, March 21st. They set an “outperform” rating and a $85.00 price target on the stock. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Wednesday, June 7th. Deutsche Bank AG lifted their target price on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Royal Bank Of Canada lifted their target price on shares of Amphenol Corporation from $75.00 to $77.00 and gave the stock a “top pick” rating in a research note on Thursday, April 27th. Finally, Stifel Nicolaus lifted their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the stock a “hold” rating in a research note on Thursday, April 27th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Amphenol Corporation has an average rating of “Buy” and an average target price of $78.38.
In other news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Zachary W. Raley sold 432,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $74.12, for a total value of $32,019,840.00. Following the transaction, the senior vice president now owns 144,000 shares in the company, valued at approximately $10,673,280. The disclosure for this sale can be found here. In the last 90 days, insiders sold 893,000 shares of company stock worth $66,184,060. Insiders own 2.92% of the company’s stock.
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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