Neuberger Berman Group LLC boosted its position in shares of Amphenol Co. (NYSE:APH) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,356,752 shares of the electronics maker’s stock after buying an additional 37,344 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.79% of Amphenol worth $225,788,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cibc World Markets Corp lifted its stake in shares of Amphenol by 195.7% in the second quarter. Cibc World Markets Corp now owns 151,836 shares of the electronics maker’s stock worth $14,547,000 after buying an additional 100,481 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Amphenol by 25.2% during the first quarter. Mercer Global Advisors Inc. ADV now owns 92,315 shares of the electronics maker’s stock worth $6,728,000 after purchasing an additional 18,559 shares during the period. Profund Advisors LLC raised its stake in Amphenol by 4.0% during the second quarter. Profund Advisors LLC now owns 4,681 shares of the electronics maker’s stock worth $448,000 after purchasing an additional 180 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Amphenol by 171.1% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 74,051 shares of the electronics maker’s stock valued at $6,986,000 after acquiring an additional 46,739 shares during the period. Finally, Colony Group LLC raised its stake in shares of Amphenol by 4.1% in the 1st quarter. Colony Group LLC now owns 27,643 shares of the electronics maker’s stock valued at $2,015,000 after acquiring an additional 1,084 shares during the period. Institutional investors own 94.72% of the company’s stock.
In related news, SVP Jean-Luc Gavelle sold 42,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $109.25, for a total value of $4,588,500.00. Following the sale, the senior vice president now directly owns 32,000 shares of the company’s stock, valued at approximately $3,496,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP William J. Doherty sold 55,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $109.74, for a total transaction of $6,035,700.00. Following the completion of the sale, the senior vice president now directly owns 55,000 shares in the company, valued at $6,035,700. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,200 shares of company stock worth $21,254,901. Corporate insiders own 2.72% of the company’s stock.
Amphenol stock traded up $1.08 during trading hours on Wednesday, reaching $109.41. 33,228 shares of the stock were exchanged, compared to its average volume of 1,146,273. The stock has a market cap of $32.32 billion, a P/E ratio of 30.41, a P/E/G ratio of 4.27 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 2.59. Amphenol Co. has a 52-week low of $63.05 and a 52-week high of $113.25. The firm’s 50 day moving average is $107.93 and its 200 day moving average is $93.85.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.18. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.75 billion. Amphenol had a net margin of 13.56% and a return on equity of 23.39%. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts expect that Amphenol Co. will post 3.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. Amphenol’s payout ratio is currently 26.74%.
A number of research firms have recently issued reports on APH. Wells Fargo & Company reissued a “buy” rating and issued a $118.00 price target (up from $108.00) on shares of Amphenol in a research note on Thursday, July 23rd. restated a “sell” rating on shares of Amphenol in a report on Tuesday, June 9th. Morgan Stanley cut shares of Amphenol from an “overweight” rating to an “equal weight” rating and set a $110.00 price target for the company. in a report on Monday, August 24th. They noted that the move was a valuation call. Jefferies Financial Group boosted their price objective on shares of Amphenol from $119.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Amphenol from $94.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Amphenol presently has an average rating of “Hold” and a consensus target price of $111.09.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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