Ardevora Asset Management LLP lowered its stake in Amphenol Corporation (NYSE:APH) by 9.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 427,800 shares of the electronics maker’s stock after selling 42,900 shares during the quarter. Ardevora Asset Management LLP owned 0.14% of Amphenol Corporation worth $36,209,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its position in Amphenol Corporation by 107.7% in the third quarter. Teacher Retirement System of Texas now owns 299,360 shares of the electronics maker’s stock valued at $25,338,000 after purchasing an additional 155,247 shares during the last quarter. Strategy Asset Managers LLC bought a new stake in Amphenol Corporation in the third quarter valued at approximately $2,960,000. First National Trust Co. lifted its position in Amphenol Corporation by 86.3% in the third quarter. First National Trust Co. now owns 5,428 shares of the electronics maker’s stock valued at $459,000 after purchasing an additional 2,515 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in Amphenol Corporation by 345.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,041,687 shares of the electronics maker’s stock valued at $88,168,000 after purchasing an additional 808,015 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Amphenol Corporation by 12.2% in the third quarter. Toronto Dominion Bank now owns 119,799 shares of the electronics maker’s stock valued at $10,138,000 after purchasing an additional 12,994 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.
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Amphenol Corporation (APH) traded up $0.27 on Tuesday, hitting $88.48. The stock had a trading volume of 1,054,700 shares, compared to its average volume of 1,127,853. The stock has a market capitalization of $26,933.96, a PE ratio of 28.00, a PEG ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a 52-week low of $66.00 and a 52-week high of $88.62. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.86%. Amphenol Corporation’s payout ratio is 24.20%.
Several brokerages have weighed in on APH. Stifel Nicolaus boosted their price objective on Amphenol Corporation from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley boosted their price objective on Amphenol Corporation from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Deutsche Bank AG boosted their target price on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. SunTrust Banks, Inc. boosted their target price on Amphenol Corporation from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Amphenol Corporation in a research note on Monday, October 16th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $87.90.
In related news, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $80.01, for a total value of $1,200,150.00. Following the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,200,400. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the sale, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 397,000 shares of company stock worth $33,877,390. 2.51% of the stock is owned by insiders.
Amphenol Corporation 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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