Checchi Capital Advisers LLC Has $118,000 Position in Amphenol Corp. (APH)
Checchi Capital Advisers LLC cut its position in Amphenol Corp. (NYSE:APH) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,060 shares of the company’s stock after selling 135 shares during the period. Checchi Capital Advisers LLC’s holdings in Amphenol Corp. were worth $118,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in Amphenol Corp. by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,620 shares of the company’s stock worth $1,704,000 after buying an additional 880 shares during the period. Norges Bank bought a new stake in Amphenol Corp. during the fourth quarter worth about $123,738,000. Chevy Chase Trust Holdings Inc. raised its stake in Amphenol Corp. by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 260,578 shares of the company’s stock worth $15,067,000 after buying an additional 5,802 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Amphenol Corp. by 14.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,212 shares of the company’s stock worth $4,117,000 after buying an additional 8,987 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Amphenol Corp. by 8.5% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 75,000 shares of the company’s stock worth $4,337,000 after buying an additional 5,906 shares during the period. 96.85% of the stock is owned by institutional investors and hedge funds.
Shares of Amphenol Corp. (NYSE:APH) traded up 0.25% during trading on Friday, reaching $62.95. The company’s stock had a trading volume of 1,867,260 shares. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $63.09. The stock’s 50 day moving average price is $60.83 and its 200 day moving average price is $58.22. The company has a market cap of $19.43 billion, a PE ratio of 25.89 and a beta of 1.16.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.58 EPS. Amphenol Corp.’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts predict that Amphenol Corp. will post $2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.89%. Amphenol Corp.’s dividend payout ratio (DPR) is presently 23.05%.
A number of analysts have recently issued reports on APH shares. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Royal Bank Of Canada increased their price objective on Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a report on Thursday, July 21st. Finally, RBC Capital Markets restated a “top pick” rating and issued a $63.00 price objective (up previously from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.56.
In other news, VP Patrick Gillard sold 30,000 shares of Amphenol Corp. stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the transaction, the vice president now owns 6,400 shares in the company, valued at approximately $377,984. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 14,000 shares of Amphenol Corp. stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $61.06, for a total value of $854,840.00. Following the transaction, the chief financial officer now owns 27,000 shares in the company, valued at approximately $1,648,620. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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