Mirae Asset Global Investments Co. Ltd. grew its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 53.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,197 shares of the electronics maker's stock after purchasing an additional 68,096 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Amphenol were worth $12,803,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Perigon Wealth Management LLC boosted its position in Amphenol by 29.4% during the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after acquiring an additional 3,964 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of Amphenol during the fourth quarter worth approximately $13,847,000. Cambridge Investment Research Advisors Inc. grew its position in Amphenol by 46.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after buying an additional 2,514 shares during the period. Finally, Revolve Wealth Partners LLC lifted its position in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after buying an additional 4,721 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on APH shares. UBS Group boosted their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. The Goldman Sachs Group boosted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. KGI Securities started coverage on Amphenol in a research note on Thursday. They set a "hold" rating for the company. Evercore ISI lifted their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $88.00.
View Our Latest Analysis on Amphenol
Amphenol Stock Up 0.8%
Shares of Amphenol stock opened at $97.76 on Monday. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $98.55. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $86.34 and a two-hundred day moving average price of $74.44. The stock has a market capitalization of $118.24 billion, a P/E ratio of 47.45, a PEG ratio of 2.23 and a beta of 1.12.
Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business's revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. Equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is currently 32.04%.
Insiders Place Their Bets
In other Amphenol news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last three months. Company insiders own 1.67% of the company's stock.
Amphenol Profile
(
Free Report)
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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Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH - Free Report).
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