Aster Capital Management DIFC Ltd acquired a new stake in shares of Amphenol Corporation (NYSE:APH – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,512 shares of the electronics maker’s stock, valued at approximately $435,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. SYM FINANCIAL Corp raised its holdings in shares of Amphenol by 0.9% in the third quarter. SYM FINANCIAL Corp now owns 9,266 shares of the electronics maker’s stock valued at $1,147,000 after buying an additional 82 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of Amphenol by 9.4% in the third quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock worth $121,000 after acquiring an additional 84 shares during the last quarter. Tower Wealth Partners Inc. lifted its position in shares of Amphenol by 2.1% during the third quarter. Tower Wealth Partners Inc. now owns 4,251 shares of the electronics maker’s stock worth $526,000 after purchasing an additional 86 shares in the last quarter. Financial Management Professionals Inc. grew its stake in shares of Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 90 shares during the last quarter. Finally, Allen Capital Group LLC increased its holdings in shares of Amphenol by 3.2% in the third quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock valued at $373,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Price Performance
Amphenol stock opened at $145.94 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $179.39 billion, a P/E ratio of 43.70, a PEG ratio of 1.57 and a beta of 1.20. The business has a 50-day moving average of $144.87 and a 200-day moving average of $132.84. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $167.04.
Amphenol Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 23rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio is currently 29.94%.
Insiders Place Their Bets
In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at $283,863,955.89. This represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The disclosure for this sale is available in the SEC filing. 1.67% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages have commented on APH. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. Wall Street Zen cut Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. UBS Group reissued a “buy” rating and set a $174.00 price objective (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Truist Financial set a $182.00 target price on shares of Amphenol in a research note on Tuesday, January 13th. Finally, Evercore reissued an “outperform” rating and set a $165.00 price target on shares of Amphenol in a research note on Tuesday, January 20th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.38.
Check Out Our Latest Stock Report on APH
Amphenol Profile
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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