Alta Capital Management LLC lowered its stake in Amphenol Corporation (NYSE:APH) by 3.6% during the second quarter, Holdings Channel reports. The fund owned 567,032 shares of the electronics maker’s stock after selling 20,896 shares during the period. Amphenol Corporation makes up about 2.8% of Alta Capital Management LLC’s holdings, making the stock its 16th largest position. Alta Capital Management LLC’s holdings in Amphenol Corporation were worth $41,858,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Amphenol Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,150 shares of the electronics maker’s stock valued at $221,000 after buying an additional 8 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock valued at $192,000 after buying an additional 16 shares during the last quarter. Burns J W & Co. Inc. NY boosted its stake in shares of Amphenol Corporation by 1.0% in the first quarter. Burns J W & Co. Inc. NY now owns 5,275 shares of the electronics maker’s stock valued at $375,000 after buying an additional 50 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Amphenol Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock valued at $537,000 after buying an additional 65 shares during the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in shares of Amphenol Corporation by 0.9% in the first quarter. Greenwich Wealth Management LLC now owns 13,461 shares of the electronics maker’s stock valued at $958,000 after buying an additional 119 shares during the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Corporation (NYSE APH) traded up 0.52% on Monday, hitting $73.77. The company’s stock had a trading volume of 1,025,190 shares. The company has a 50 day moving average price of $74.61 and a 200-day moving average price of $70.78. Amphenol Corporation has a 1-year low of $56.68 and a 1-year high of $76.67. The company has a market capitalization of $22.55 billion, a P/E ratio of 26.17 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $0.59 earnings per share. Amphenol Corporation’s revenue was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Corporation will post $2.96 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Monday, June 19th will be issued a $0.16 dividend. The ex-dividend date is Thursday, June 15th. This represents a $0.64 annualized dividend and a yield of 0.87%. Amphenol Corporation’s dividend payout ratio is currently 22.70%.
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Several equities research analysts recently commented on the company. Royal Bank of Canada reissued a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Stifel Nicolaus boosted their target price on Amphenol Corporation from $64.00 to $72.00 and gave the stock a “hold” rating in a report on Thursday, April 27th. BidaskClub cut Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Amphenol Corporation currently has an average rating of “Buy” and an average target price of $78.38.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total value of $1,092,900.00. Following the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at $2,914,400. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the completion of the sale, the chief executive officer now owns 293,992 shares in the company, valued at $21,490,815.20. The disclosure for this sale can be found here. Insiders sold 893,000 shares of company stock worth $66,184,060 over the last 90 days. 2.92% of the stock is currently owned by company insiders.
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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