Forsta AP Fonden lessened its stake in shares of Amphenol (NYSE:APH) by 10.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,659 shares of the electronics maker’s stock after selling 3,300 shares during the period. Forsta AP Fonden’s holdings in Amphenol were worth $2,555,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in APH. BlackRock Inc. boosted its stake in shares of Amphenol by 9.8% in the fourth quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock worth $1,854,233,000 after acquiring an additional 1,880,658 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of Amphenol by 108.6% in the first quarter. Mawer Investment Management Ltd. now owns 1,643,850 shares of the electronics maker’s stock worth $141,585,000 after acquiring an additional 855,870 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Amphenol by 89.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,058,086 shares of the electronics maker’s stock worth $92,909,000 after acquiring an additional 500,762 shares during the period. Swiss National Bank boosted its stake in shares of Amphenol by 42.7% in the fourth quarter. Swiss National Bank now owns 1,607,750 shares of the electronics maker’s stock worth $141,160,000 after acquiring an additional 480,900 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Amphenol in the fourth quarter worth about $35,814,000. 95.04% of the stock is owned by institutional investors and hedge funds.
NYSE:APH opened at $87.98 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.27 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $26.52 billion, a P/E ratio of 26.03, a PEG ratio of 2.42 and a beta of 0.84. Amphenol has a 12 month low of $72.35 and a 12 month high of $93.62.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.82 billion. Amphenol had a return on equity of 26.65% and a net margin of 9.45%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. equities research analysts anticipate that Amphenol will post 3.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 18th will be given a $0.23 dividend. This is an increase from Amphenol’s previous quarterly dividend of $0.19. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, June 15th. Amphenol’s payout ratio is currently 24.36%.
Amphenol announced that its board has approved a share repurchase program on Wednesday, April 25th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Amphenol from a “sell” rating to a “hold” rating in a research note on Friday, April 27th. Morgan Stanley upped their price objective on Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. SunTrust Banks reaffirmed a “hold” rating and issued a $89.00 price objective (up previously from $82.00) on shares of Amphenol in a research note on Thursday, January 25th. Finally, ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.33.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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