Teacher Retirement System of Texas Has $10.26 Million Stake in Amphenol Corporation (APH)
Teacher Retirement System of Texas boosted its stake in Amphenol Corporation (NYSE:APH) by 239.5% during the first quarter, Holdings Channel reports. The firm owned 144,138 shares of the electronics maker’s stock after buying an additional 101,687 shares during the period. Teacher Retirement System of Texas’ holdings in Amphenol Corporation were worth $10,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Amphenol Corporation during the fourth quarter valued at $161,569,000. UBS Asset Management Americas Inc. boosted its position in Amphenol Corporation by 103.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,745,948 shares of the electronics maker’s stock valued at $117,330,000 after buying an additional 886,502 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Amphenol Corporation during the fourth quarter valued at $44,679,000. Pioneer Investment Management Inc. boosted its position in Amphenol Corporation by 12.7% in the first quarter. Pioneer Investment Management Inc. now owns 2,264,594 shares of the electronics maker’s stock valued at $161,171,000 after buying an additional 255,097 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in Amphenol Corporation by 340.5% in the first quarter. BNP Paribas Arbitrage SA now owns 304,386 shares of the electronics maker’s stock valued at $21,663,000 after buying an additional 235,286 shares during the period. Institutional investors and hedge funds own 97.05% of the company’s stock.
Amphenol Corporation (APH) traded down 0.51% during mid-day trading on Friday, hitting $75.63. 2,235,919 shares of the stock traded hands. Amphenol Corporation has a 1-year low of $55.13 and a 1-year high of $76.67. The stock has a market cap of $23.11 billion, a price-to-earnings ratio of 26.83 and a beta of 0.76. The company’s 50 day moving average price is $73.94 and its 200-day moving average price is $70.34.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.05. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.53 billion. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts predict that Amphenol Corporation will post $2.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Monday, June 19th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, June 15th. Amphenol Corporation’s payout ratio is 22.70%.
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A number of research analysts have weighed in on the stock. Cowen and Company assumed coverage on shares of Amphenol Corporation in a research note on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 target price on the stock. Deutsche Bank AG boosted their target price on shares of Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Royal Bank Of Canada boosted their target price on shares of Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of Amphenol Corporation from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. Finally, Stifel Nicolaus boosted their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Amphenol Corporation presently has an average rating of “Buy” and an average target price of $77.00.
In related news, SVP Zachary W. Raley sold 432,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $74.12, for a total value of $32,019,840.00. Following the transaction, the senior vice president now owns 144,000 shares of the company’s stock, valued at $10,673,280. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Martin Booker sold 46,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the completion of the transaction, the vice president now directly owns 20,400 shares in the company, valued at approximately $1,538,568. The disclosure for this sale can be found here. In the last three months, insiders sold 893,000 shares of company stock worth $66,184,060. 2.92% 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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