66,992 Shares in Amphenol Co. (APH) Purchased by Highbridge Capital Management LLC
Highbridge Capital Management LLC bought a new position in shares of Amphenol Co. (NYSE:APH) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 66,992 shares of the electronics maker’s stock, valued at approximately $6,299,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Meadow Creek Investment Management LLC lifted its holdings in Amphenol by 4.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 13,072 shares of the electronics maker’s stock worth $1,139,000 after buying an additional 544 shares during the last quarter. Perennial Advisors LLC lifted its holdings in Amphenol by 1.8% during the 2nd quarter. Perennial Advisors LLC now owns 31,944 shares of the electronics maker’s stock worth $2,784,000 after buying an additional 550 shares during the last quarter. Comerica Securities Inc. lifted its holdings in Amphenol by 13.1% during the 3rd quarter. Comerica Securities Inc. now owns 5,054 shares of the electronics maker’s stock worth $476,000 after buying an additional 586 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Amphenol by 1.5% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,001 shares of the electronics maker’s stock worth $3,748,000 after purchasing an additional 630 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Amphenol by 6.2% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,799 shares of the electronics maker’s stock worth $1,015,000 after purchasing an additional 630 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.
In related news, VP Richard Gu sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the sale, the vice president now directly owns 3,000 shares in the company, valued at approximately $261,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total value of $716,325.00. Following the completion of the sale, the vice president now owns 7,500 shares in the company, valued at $716,325. The disclosure for this sale can be found here. 2.34% of the stock is owned by company insiders.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 24th. The electronics maker reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $0.83 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. As a group, research analysts expect that Amphenol Co. will post 3.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 17th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, December 14th. Amphenol’s dividend payout ratio is currently 29.49%.
Several analysts recently issued reports on APH shares. Morgan Stanley cut their price target on Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, October 3rd. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Goldman Sachs Group raised Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Tuesday, October 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $98.67.
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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