Amphenol Corporation (APH) Position Increased by State of Wisconsin Investment Board
State of Wisconsin Investment Board lifted its position in Amphenol Corporation (NYSE:APH) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,978 shares of the electronics maker’s stock after buying an additional 15,262 shares during the period. State of Wisconsin Investment Board owned about 0.09% of Amphenol Corporation worth $23,528,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. Janus Henderson Group PLC increased its position in shares of Amphenol Corporation by 1,662.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after buying an additional 9,996,239 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Amphenol Corporation by 53.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock valued at $196,616,000 after buying an additional 928,733 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Amphenol Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock valued at $2,255,957,000 after buying an additional 765,862 shares in the last quarter. Capital Research Global Investors increased its position in shares of Amphenol Corporation by 31.7% in the 2nd quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock valued at $234,024,000 after buying an additional 762,494 shares in the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Amphenol Corporation by 33.9% in the 2nd quarter. Voya Investment Management LLC now owns 2,760,299 shares of the electronics maker’s stock valued at $203,766,000 after buying an additional 698,538 shares in the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.
A number of equities analysts have issued reports on APH shares. Deutsche Bank AG increased their target price on Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a “top pick” rating and set a $85.00 target price (up previously from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Friday, September 22nd. Cowen and Company reiterated an “outperform” rating and set a $95.00 target price (up previously from $85.00) on shares of Amphenol Corporation in a report on Tuesday, October 10th. Finally, Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. 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 stock. The company currently has an average rating of “Buy” and an average target price of $87.90.
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Amphenol Corporation (APH) opened at $88.21 on Friday. Amphenol Corporation has a one year low of $66.00 and a one year high of $88.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The company has a market cap of $26,479.01, a PE ratio of 27.53, a PEG ratio of 2.66 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted $0.73 EPS. The company’s quarterly revenue was up 12.5% on a year-over-year basis. research analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol Corporation’s dividend payout ratio is 24.20%.
In other news, Director Diana G. Reardon sold 28,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $87.28, for a total transaction of $2,443,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 16,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the transaction, the vice president now owns 16,000 shares of the company’s stock, valued at $1,280,640. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 397,000 shares of company stock valued at $33,877,390. Company insiders own 2.51% of the company’s stock.
Amphenol Corporation Profile
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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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