Oppenheimer Asset Management Inc. Has $1.93 Million Stake in Amphenol Corporation (APH)

Oppenheimer Asset Management Inc. cut its stake in shares of Amphenol Corporation (NYSE:APH) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,744 shares of the electronics maker’s stock after selling 2,423 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Amphenol were worth $1,925,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of APH. AMP Capital Investors Ltd increased its holdings in Amphenol by 21.0% in the 3rd quarter. AMP Capital Investors Ltd now owns 142,426 shares of the electronics maker’s stock worth $12,058,000 after buying an additional 24,750 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Amphenol by 7.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 39,557 shares of the electronics maker’s stock worth $3,348,000 after buying an additional 2,890 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in Amphenol by 7.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 17,616 shares of the electronics maker’s stock worth $1,497,000 after buying an additional 1,200 shares in the last quarter. Synovus Financial Corp increased its holdings in Amphenol by 7.5% in the 3rd quarter. Synovus Financial Corp now owns 16,555 shares of the electronics maker’s stock worth $1,399,000 after buying an additional 1,159 shares in the last quarter. Finally, Nippon Life Global Investors Americas Inc. increased its holdings in Amphenol by 1.8% in the 3rd quarter. Nippon Life Global Investors Americas Inc. now owns 185,910 shares of the electronics maker’s stock worth $15,736,000 after buying an additional 3,370 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Several equities research analysts recently commented on APH shares. Deutsche Bank lifted their price objective on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank of Canada reiterated a “top pick” rating and issued a $85.00 price objective (up from $81.00) on shares of Amphenol in a report on Tuesday, August 29th. Cowen restated an “outperform” rating and set a $95.00 price target (up from $85.00) on shares of Amphenol in a research note on Tuesday, October 10th. Finally, Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $87.90.

Amphenol Corporation (NYSE:APH) opened at $89.24 on Tuesday. Amphenol Corporation has a 12-month low of $66.00 and a 12-month high of $91.26. 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 firm has a market capitalization of $27,278.99, a PE ratio of 28.36, a PEG ratio of 2.51 and a beta of 0.81.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm earned $0.73 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. sell-side analysts predict that Amphenol Corporation will post 3.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be issued a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. Amphenol’s dividend payout ratio is presently 24.20%.

In other news, CFO Craig A. Lampo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diana G. Reardon sold 28,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $87.28, for a total value of $2,443,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock worth $75,518,690 over the last ninety days. Insiders own 2.51% of the company’s stock.

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Amphenol 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.

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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