Daiwa Securities Group Inc. trimmed its stake in shares of Amphenol (NYSE:APH) by 77.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 10,169 shares of the electronics maker’s stock after selling 34,159 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Amphenol were worth $876,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. DnB Asset Management AS increased its holdings in Amphenol by 4.7% in the 4th quarter. DnB Asset Management AS now owns 47,138 shares of the electronics maker’s stock worth $4,139,000 after purchasing an additional 2,100 shares in the last quarter. YHB Investment Advisors Inc. increased its stake in shares of Amphenol by 1.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 41,128 shares of the electronics maker’s stock valued at $3,611,000 after buying an additional 660 shares during the period. Private Trust Co. NA increased its stake in shares of Amphenol by 10.0% in the fourth quarter. Private Trust Co. NA now owns 9,764 shares of the electronics maker’s stock valued at $857,000 after buying an additional 890 shares during the period. 440 Investment Group LLC acquired a new stake in shares of Amphenol in the fourth quarter valued at about $1,054,000. Finally, Bank of Montreal Can increased its stake in shares of Amphenol by 2.9% in the fourth quarter. Bank of Montreal Can now owns 355,669 shares of the electronics maker’s stock valued at $31,228,000 after buying an additional 10,161 shares during the period. Hedge funds and other institutional investors own 97.09% of the company’s stock.
Several equities research analysts recently commented on APH shares. Morgan Stanley upped their target price on Amphenol from $90.00 to $93.00 and gave the company an “equal weight” rating in a research report on Thursday, April 26th. Zacks Investment Research lowered Amphenol from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. SunTrust Banks reiterated a “hold” rating and issued a $89.00 price target (up previously from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Amphenol has a consensus rating of “Buy” and an average price target of $92.33.
Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Amphenol had a return on equity of 26.65% and a net margin of 9.45%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. equities research analysts predict that Amphenol will post 3.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 18th will be paid a dividend of $0.23 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, June 15th. This represents a $0.92 annualized dividend and a yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is currently 24.36%.
Amphenol announced that its board has initiated a stock buyback plan on Wednesday, April 25th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the electronics maker to buy up to 7.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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