Amphenol Corporation (APH) Shares Bought by Swiss National Bank
Swiss National Bank increased its position in Amphenol Corporation (NYSE:APH) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,124,050 shares of the electronics maker’s stock after buying an additional 31,000 shares during the period. Swiss National Bank owned about 0.37% of Amphenol Corporation worth $82,977,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Birch Hill Investment Advisors LLC acquired a new stake in Amphenol Corporation during the first quarter worth $105,000. Dupont Capital Management Corp acquired a new stake in Amphenol Corporation during the second quarter worth $109,000. YorkBridge Wealth Partners LLC increased its stake 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 acquired a new stake in Amphenol Corporation during the first quarter worth $121,000. Finally, Parallel Advisors LLC increased its stake in Amphenol Corporation by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after buying an additional 391 shares during the period. 96.86% of the stock is owned by institutional investors.
Amphenol Corporation (APH) opened at 80.87 on Friday. Amphenol Corporation has a one year low of $60.97 and a one year high of $81.17. The firm has a market cap of $24.70 billion, a PE ratio of 27.23 and a beta of 0.76. The company’s 50-day moving average is $77.80 and its 200-day moving average is $73.69.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business earned $0.65 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is a positive change 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 annualized dividend and a yield of 0.94%. Amphenol Corporation’s dividend payout ratio (DPR) is presently 21.55%.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada reissued a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research note on Monday, August 14th. BidaskClub raised shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $78.00 in a research note on Wednesday, July 5th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.63.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the completion of the transaction, the chief executive officer now owns 293,992 shares in the company, valued at approximately $22,916,676.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total transaction of $1,214,700.00. Following the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,239,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 433,200 shares of company stock valued at $33,886,886. Company insiders own 2.51% of the company’s stock.
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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