Mirae Asset Global Investments Co. Ltd. Lowers Position in Amphenol Co. (NYSE:APH)

Mirae Asset Global Investments Co. Ltd. lessened its stake in Amphenol Co. (NYSE:APHGet Rating) by 13.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 71,495 shares of the electronics maker’s stock after selling 11,518 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Amphenol were worth $5,387,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of APH. EverSource Wealth Advisors LLC increased its position in Amphenol by 72.0% in the first quarter. EverSource Wealth Advisors LLC now owns 621 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 260 shares during the last quarter. Roffman Miller Associates Inc. PA increased its position in Amphenol by 5.3% in the first quarter. Roffman Miller Associates Inc. PA now owns 162,301 shares of the electronics maker’s stock worth $12,229,000 after purchasing an additional 8,152 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Amphenol by 15.9% in the first quarter. The Manufacturers Life Insurance Company now owns 536,534 shares of the electronics maker’s stock worth $40,428,000 after purchasing an additional 73,574 shares during the last quarter. Toroso Investments LLC increased its position in Amphenol by 9.9% in the first quarter. Toroso Investments LLC now owns 7,847 shares of the electronics maker’s stock worth $591,000 after purchasing an additional 708 shares during the last quarter. Finally, Capital World Investors increased its position in Amphenol by 1.4% in the first quarter. Capital World Investors now owns 941,657 shares of the electronics maker’s stock worth $70,954,000 after purchasing an additional 13,126 shares during the last quarter. Hedge funds and other institutional investors own 93.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Amphenol from $87.00 to $83.00 in a research report on Wednesday, June 1st. StockNews.com upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Friday, September 16th. JPMorgan Chase & Co. upgraded shares of Amphenol from a “neutral” rating to an “overweight” rating and set a $83.00 price objective on the stock in a research report on Thursday, July 14th. Cowen cut their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating on the stock in a research report on Friday, July 1st. Finally, Cowen cut their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating on the stock in a research report on Friday, July 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.44.

Amphenol Trading Down 3.1 %

NYSE APH opened at $69.55 on Friday. The company’s 50-day moving average price is $74.59 and its 200-day moving average price is $71.65. 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 stock has a market cap of $41.37 billion, a PE ratio of 24.32, a PEG ratio of 2.13 and a beta of 1.25. Amphenol Co. has a 12 month low of $61.67 and a 12 month high of $88.45.

Amphenol (NYSE:APHGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The electronics maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. Equities research analysts forecast that Amphenol Co. will post 2.94 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Tuesday, September 20th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, September 19th. Amphenol’s dividend payout ratio (DPR) is presently 27.97%.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 20,000 shares of the stock in a transaction dated 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 completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $1,977,101. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Jean-Luc Gavelle sold 122,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at $1,977,101. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

About Amphenol

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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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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