Assenagon Asset Management S.A. reduced its holdings in Amphenol Co. (NYSE:APH – Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,406 shares of the electronics maker’s stock after selling 2,548 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Amphenol were worth $4,126,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in APH. Legal & General Group Plc increased its stake in Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP bought a new position in Amphenol in the 3rd quarter worth about $113,828,000. State Street Corp increased its stake in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in Amphenol by 136.5% in the 2nd quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker’s stock worth $161,207,000 after acquiring an additional 1,480,331 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.
Insider Transactions at Amphenol
In related news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at $963,760. This trade represents a 92.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Corporate insiders own 1.80% of the company’s stock.
Amphenol Trading Down 0.6 %
NYSE APH opened at $69.44 on Tuesday. Amphenol Co. has a fifty-two week low of $47.76 and a fifty-two week high of $75.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock has a 50 day simple moving average of $71.82 and a two-hundred day simple moving average of $67.75. The stock has a market cap of $83.71 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.
Amphenol (NYSE:APH – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $0.39 EPS. The business’s revenue was up 26.3% on a year-over-year basis. On average, analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.
Analyst Upgrades and Downgrades
APH has been the subject of a number of research reports. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial upped their price objective on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $69.79.
View Our Latest Report on Amphenol
Amphenol Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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