BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Holdings in Amphenol Corporation $APH

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Amphenol Corporation (NYSE:APH) by 57.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,276 shares of the electronics maker’s stock after purchasing an additional 92,273 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Amphenol were worth $16,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Brighton Jones LLC lifted its position in Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after buying an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 4,721 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Amphenol by 2.7% during the 4th quarter. NewEdge Advisors LLC now owns 49,587 shares of the electronics maker’s stock worth $3,444,000 after acquiring an additional 1,297 shares during the period. Marshall Wace LLP boosted its position in shares of Amphenol by 163.2% during the 4th quarter. Marshall Wace LLP now owns 333,518 shares of the electronics maker’s stock valued at $23,163,000 after acquiring an additional 206,817 shares during the last quarter. Finally, Freedom Investment Management Inc. purchased a new stake in shares of Amphenol in the fourth quarter valued at about $288,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the sale, the vice president owned 12,500 shares of the company’s stock, valued at $1,113,625. This trade represents a 88.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. Insiders sold a total of 812,000 shares of company stock worth $77,703,320 over the last ninety days. Insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock opened at $109.20 on Monday. The stock has a market capitalization of $133.32 billion, a price-to-earnings ratio of 43.51, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The business has a 50-day moving average of $100.89 and a 200 day moving average of $82.36. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $112.35.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s dividend payout ratio is currently 26.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amphenol in a research report on Friday, July 11th. Robert W. Baird increased their price objective on Amphenol from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 10th. Finally, Bank of America upped their price target on Amphenol from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.92.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.