Korea Investment CORP boosted its stake in Amphenol Corporation (NYSE:APH) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,963 shares of the electronics maker’s stock after buying an additional 25,179 shares during the period. Korea Investment CORP’s holdings in Amphenol Corporation were worth $10,332,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Birch Hill Investment Advisors LLC purchased a new stake in Amphenol Corporation during the first quarter worth approximately $105,000. YorkBridge Wealth Partners LLC boosted 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 worth $114,000 after buying an additional 1,200 shares during the period. Israel Discount Bank of New York purchased a new position in Amphenol Corporation during the first quarter worth about $121,000. Pinnacle Bank purchased a new position in Amphenol Corporation during the first quarter worth about $122,000. Finally, Ledyard National Bank purchased a new position in Amphenol Corporation during the first quarter worth about $148,000. Institutional investors own 95.99% of the company’s stock.
Shares of Amphenol Corporation (APH) traded down 0.67% during trading on Friday, hitting $78.42. 873,963 shares of the stock were exchanged. The firm has a market capitalization of $23.95 billion, a price-to-earnings ratio of 26.40 and a beta of 0.77. Amphenol Corporation has a 52 week low of $60.89 and a 52 week high of $79.70. The stock’s 50 day moving average price is $76.14 and its 200 day moving average price is $72.82.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share 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 company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Amphenol Corporation’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 0.97%. Amphenol Corporation’s dividend payout ratio (DPR) is presently 21.55%.
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Several brokerages recently issued reports on APH. Morgan Stanley raised their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Wednesday, June 7th. Royal Bank Of Canada raised their price objective on shares of Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 target price on shares of Amphenol Corporation in a report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Amphenol Corporation presently has a consensus rating of “Buy” and an average target price of $79.00.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total value of $4,827,816.00. Following the transaction, the vice president now owns 8,800 shares in the company, valued at approximately $687,456. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Martin Booker sold 46,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total value of $3,469,320.00. Following the completion of the transaction, the vice president now owns 20,400 shares in the company, valued at approximately $1,538,568. The disclosure for this sale can be found here. Insiders have sold a total of 1,050,200 shares of company stock worth $79,467,056 in the last ninety days. Corporate insiders own 2.51% of the company’s stock.
About Amphenol Corporation
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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