Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Position in Amphenol Corporation (NYSE:APH)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Amphenol Corporation by 20.5%, owning 333,264 shares worth approximately $21.86 million.
• Multiple brokerages have recently upgraded their price targets for Amphenol, with UBS raising it from $115 to $120, while JPMorgan Chase adjusted theirs from $120 to $125, maintaining a general trend of positive outlook among analysts.
• Amphenol announced a quarterly dividend of $0.165 per share, payable on October 8th, and reported significant growth with a 56.5% increase in quarterly revenue compared to the previous year.

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 20.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,264 shares of the electronics maker's stock after purchasing an additional 56,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Amphenol were worth $21,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hughes Financial Services LLC purchased a new position in shares of Amphenol in the first quarter valued at about $25,000. Avalon Trust Co increased its position in shares of Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Amphenol during the 1st quarter valued at about $28,000. SouthState Corp bought a new stake in shares of Amphenol during the 1st quarter valued at about $36,000. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Amphenol during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APH. Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday. UBS Group boosted their price objective on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their price objective on shares of Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Bank of America boosted their price objective on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Amphenol Stock Down 1.9%

Shares of APH stock opened at $109.75 on Thursday. The company has a 50 day simple moving average of $100.21 and a two-hundred day simple moving average of $81.62. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The stock has a market cap of $134.00 billion, a P/E ratio of 43.73, a P/E/G ratio of 1.82 and a beta of 1.13. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $112.35.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's revenue for the quarter was up 56.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. On average, research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at $1,113,625. This trade represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 286,000 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 812,000 shares of company stock valued at $77,703,320. Insiders own 1.67% of the company's stock.

About Amphenol

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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