TLP Group LLC acquired a new stake in Amphenol Co. (NYSE:APH) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,778 shares of the electronics maker’s stock, valued at approximately $498,000. Amphenol accounts for 0.3% of TLP Group LLC’s investment portfolio, making the stock its 25th largest position.
Several other large investors have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of Amphenol by 4.0% in the first quarter. BlackRock Inc. now owns 21,963,523 shares of the electronics maker’s stock valued at $1,891,716,000 after purchasing an additional 844,660 shares during the period. JPMorgan Chase & Co. grew its position in Amphenol by 2.7% during the first quarter. JPMorgan Chase & Co. now owns 7,546,901 shares of the electronics maker’s stock valued at $650,013,000 after acquiring an additional 198,094 shares during the period. Geode Capital Management LLC grew its position in Amphenol by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,625,410 shares of the electronics maker’s stock valued at $317,719,000 after acquiring an additional 233,439 shares during the period. UBS Asset Management Americas Inc. grew its position in Amphenol by 0.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,823,577 shares of the electronics maker’s stock valued at $247,910,000 after acquiring an additional 23,894 shares during the period. Finally, Wells Fargo & Company MN grew its position in Amphenol by 3.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,108,479 shares of the electronics maker’s stock valued at $185,125,000 after acquiring an additional 74,915 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.
APH has been the subject of a number of research reports. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Friday, May 25th. ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Morgan Stanley boosted their price target on Amphenol from $90.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, April 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $91.89.
APH stock traded up $0.26 during trading on Thursday, reaching $91.31. 2,449 shares of the stock traded hands, compared to its average volume of 1,327,445. The company has a market cap of $27.35 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 2.50 and a beta of 0.84. Amphenol Co. has a 52-week low of $72.35 and a 52-week high of $93.62. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.63.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Amphenol had a return on equity of 26.65% and a net margin of 9.45%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. equities analysts forecast that Amphenol Co. will post 3.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Monday, June 18th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, June 15th. This is a boost from Amphenol’s previous quarterly dividend of $0.19. Amphenol’s payout ratio is currently 24.36%.
Amphenol declared that its Board of Directors has approved a share buyback 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 buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
Amphenol Company Profile
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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