New Mexico Educational Retirement Board decreased its position in Amphenol Corporation (NYSE:APH) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,440 shares of the electronics maker’s stock after selling 2,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Amphenol Corporation were worth $2,179,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of APH. Birch Hill Investment Advisors LLC bought a new stake in Amphenol Corporation during the first quarter worth $105,000. YorkBridge Wealth Partners LLC raised its position in Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after buying an additional 1,200 shares during the period. Israel Discount Bank of New York acquired a new position in Amphenol Corporation during the first quarter valued at approximately $121,000. Pinnacle Bank acquired a new position in Amphenol Corporation during the first quarter valued at approximately $122,000. Finally, Ledyard National Bank acquired a new position in Amphenol Corporation during the first quarter valued at approximately $148,000. 96.75% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Corporation (NYSE:APH) opened at 77.77 on Friday. The company has a 50-day moving average price of $75.41 and a 200 day moving average price of $72.33. The stock has a market cap of $23.75 billion, a price-to-earnings ratio of 26.19 and a beta of 0.77. Amphenol Corporation has a 12-month low of $59.58 and a 12-month high of $78.58.

Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts predict that Amphenol Corporation will post $3.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be paid a dividend of $0.19 per share. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 0.98%. Amphenol Corporation’s payout ratio is 21.55%.

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Several equities analysts recently commented on the company. Morgan Stanley increased their target price on Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Royal Bank Of Canada increased their target price on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Thursday, June 22nd. BidaskClub lowered Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Stifel Nicolaus increased their target price on Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Amphenol Corporation presently has an average rating of “Buy” and a consensus price target of $78.38.

In other news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $73.10, for a total value of $14,620,000.00. Following the completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $21,490,815.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Zachary W. Raley sold 432,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the completion of the sale, the senior vice president now directly owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The disclosure for this sale can be found here. Insiders have sold a total of 1,265,200 shares of company stock worth $95,179,956 in the last ninety days. 2.51% of the stock is currently owned by insiders.

Amphenol Corporation Company 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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Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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