Bfsg LLC Sells 748 Shares of Amphenol Corporation (APH)
Bfsg LLC trimmed its stake in Amphenol Corporation (NYSE:APH) by 2.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,371 shares of the electronics maker’s stock after selling 748 shares during the quarter. Bfsg LLC’s holdings in Amphenol Corporation were worth $2,094,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Birch Hill Investment Advisors LLC bought a new stake in shares of Amphenol Corporation during the first quarter valued at about $105,000. Dupont Capital Management Corp bought a new stake in shares of Amphenol Corporation during the second quarter valued at about $109,000. YorkBridge Wealth Partners LLC raised its stake in shares of Amphenol Corporation by 300.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after purchasing an additional 1,200 shares in the last quarter. Israel Discount Bank of New York bought a new stake in shares of Amphenol Corporation during the first quarter valued at about $121,000. Finally, Parallel Advisors LLC raised its stake in shares of Amphenol Corporation by 28.9% during the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.
In other news, CEO Richard Adam Norwitt sold 200,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total value of $1,195,500.00. Following the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,188,000. The disclosure for this sale can be found here. Insiders have sold 433,200 shares of company stock worth $33,886,886 in the last ninety days. 2.51% of the stock is currently owned by insiders.
A number of brokerages recently weighed in on APH. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Thursday. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price objective (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research note on Monday, August 14th. Finally, BidaskClub upgraded shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. Amphenol Corporation currently has an average rating of “Buy” and an average target price of $79.75.
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Shares of Amphenol Corporation (NYSE APH) traded up 0.01% during midday trading on Friday, reaching $80.52. 709,948 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $78.49 and its 200 day moving average price is $74.01. Amphenol Corporation has a 52-week low of $60.97 and a 52-week high of $81.17. The firm has a market capitalization of $24.59 billion, a P/E ratio of 27.11 and a beta of 0.76.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is 21.55%.
Amphenol Corporation Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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