AlphaMark Advisors LLC cut its holdings in Amphenol (NYSE:APH) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,740 shares of the electronics maker’s stock after selling 1,575 shares during the quarter. Amphenol comprises 1.5% of AlphaMark Advisors LLC’s portfolio, making the stock its 25th largest position. AlphaMark Advisors LLC’s holdings in Amphenol were worth $3,423,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in APH. BlackRock Inc. raised its holdings in Amphenol by 9.8% in the fourth quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock worth $1,854,233,000 after purchasing an additional 1,880,658 shares during the period. Mawer Investment Management Ltd. raised its holdings in Amphenol by 108.6% in the first quarter. Mawer Investment Management Ltd. now owns 1,643,850 shares of the electronics maker’s stock worth $141,585,000 after purchasing an additional 855,870 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Amphenol by 89.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,058,086 shares of the electronics maker’s stock worth $92,909,000 after purchasing an additional 500,762 shares during the period. Swiss National Bank raised its holdings in Amphenol by 42.7% in the fourth quarter. Swiss National Bank now owns 1,607,750 shares of the electronics maker’s stock worth $141,160,000 after purchasing an additional 480,900 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Amphenol in the fourth quarter worth $35,814,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:APH opened at $88.12 on Friday. Amphenol has a 12 month low of $87.60 and a 12 month high of $88.33. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.63. The firm has a market cap of $26.48 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.42 and a beta of 0.84.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. research analysts predict that Amphenol will post 3.52 earnings per share for the current fiscal year.
Amphenol announced that its Board of Directors has approved a share repurchase program on Wednesday, April 25th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 18th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Amphenol’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, June 15th. Amphenol’s dividend payout ratio (DPR) is presently 24.36%.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Amphenol from a “sell” rating to a “hold” rating in a report on Friday, April 27th. Morgan Stanley increased their target price on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. SunTrust Banks reiterated a “hold” rating and issued a $89.00 target price (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $92.33.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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