State of Alaska Department of Revenue boosted its stake in Amphenol Co. (NYSE:APH – Get Rating) by 13.8% in the second quarter, HoldingsChannel reports. The firm owned 95,922 shares of the electronics maker’s stock after acquiring an additional 11,650 shares during the period. State of Alaska Department of Revenue’s holdings in Amphenol were worth $6,174,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc bought a new position in Amphenol during the 1st quarter worth approximately $30,000. Riverview Trust Co bought a new position in shares of Amphenol during the first quarter worth $34,000. Tcwp LLC bought a new position in Amphenol during the first quarter worth about $36,000. Valley National Advisers Inc. grew its stake in Amphenol by 124.9% in the first quarter. Valley National Advisers Inc. now owns 497 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 276 shares during the period. Finally, NuWave Investment Management LLC acquired a new stake in shares of Amphenol during the first quarter worth about $38,000. Institutional investors and hedge funds own 93.50% of the company’s stock.
Amphenol Stock Performance
Shares of NYSE APH opened at $73.17 on Tuesday. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $88.45. The stock has a 50 day moving average of $74.02 and a 200-day moving average of $71.69. The company has a current ratio of 2.45, a quick ratio of 1.65 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $43.52 billion, a P/E ratio of 25.58, a P/E/G ratio of 2.15 and a beta of 1.25.
Amphenol Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Tuesday, September 20th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Monday, September 19th. Amphenol’s dividend payout ratio is 27.97%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on APH. The Goldman Sachs Group cut their price target on shares of Amphenol from $87.00 to $83.00 in a research note on Wednesday, June 1st. UBS Group increased their target price on Amphenol from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Cowen decreased their price objective on Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a report on Friday, July 1st. Cowen reduced their price target on Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a research report on Friday, July 1st. Finally, StockNews.com upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.90.
Insiders Place Their Bets
In other Amphenol news, VP Lance E. D’amico sold 20,000 shares of Amphenol stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at approximately $1,977,101. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Lance E. D’amico sold 20,000 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at approximately $1,977,101. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jean-Luc Gavelle sold 122,000 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $77.44, for a total value of $9,447,680.00. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Amphenol (APH)
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