Korea Investment CORP lifted its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 891,020 shares of the electronics maker’s stock after buying an additional 23,299 shares during the quarter. Korea Investment CORP’s holdings in Amphenol were worth $120,412,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Generali Asset Management SPA SGR raised its holdings in shares of Amphenol by 20.2% during the 4th quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock valued at $11,767,000 after buying an additional 14,612 shares during the period. Regents Gate Capital LLP increased its holdings in Amphenol by 54.8% during the 3rd quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock worth $11,992,000 after purchasing an additional 34,289 shares during the last quarter. Praxis Investment Management Inc. increased its holdings in Amphenol by 86.3% during the 4th quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock worth $3,647,000 after purchasing an additional 12,502 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Amphenol by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock worth $371,704,000 after purchasing an additional 70,938 shares during the last quarter. Finally, CGN Advisors LLC purchased a new stake in Amphenol during the 4th quarter worth approximately $1,592,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Trading Up 1.0%
NYSE:APH opened at $153.97 on Friday. Amphenol Corporation has a 12-month low of $92.08 and a 12-month high of $167.04. The firm has a market capitalization of $189.42 billion, a P/E ratio of 44.24, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The business has a 50 day simple moving average of $139.70 and a 200 day simple moving average of $139.57.
Amphenol Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s payout ratio is currently 28.74%.
Insider Transactions at Amphenol
In related news, CEO Richard Adam Norwitt sold 61,072 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares in the company, valued at $277,368,257.30. The trade was a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 130,775 shares of company stock worth $18,709,350. Insiders own 1.42% of the company’s stock.
Wall Street Analysts Forecast Growth
APH has been the topic of several analyst reports. Rothschild & Co Redburn lifted their price objective on Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Piper Sandler set a $165.00 price objective on Amphenol in a report on Tuesday, March 17th. UBS Group restated a “buy” rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a report on Monday, April 20th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.
Get Our Latest Research Report on Amphenol
About Amphenol
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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