Edgestream Partners L.P. Buys New Position in Amphenol Corporation (APH)

Edgestream Partners L.P. purchased a new stake in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,130 shares of the electronics maker’s stock, valued at approximately $453,000.

Several other large investors have also recently bought and sold shares of APH. Birch Hill Investment Advisors LLC purchased a new stake in shares of Amphenol Corporation during the first quarter valued at approximately $105,000. Dupont Capital Management Corp bought a new position in Amphenol Corporation during the second quarter valued at approximately $109,000. YorkBridge Wealth Partners LLC lifted its position in 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 during the period. Israel Discount Bank of New York bought a new position in Amphenol Corporation during the first quarter valued at approximately $121,000. Finally, Parallel Advisors LLC lifted its position in 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 during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,188,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Luc Walter sold 110,400 shares of Amphenol Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the sale, the senior vice president now owns 130,400 shares of the company’s stock, valued at $10,132,080. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,200 shares of company stock valued at $33,886,886. Company insiders own 2.51% of the company’s stock.

Amphenol Corporation (NYSE:APH) opened at 82.94 on Friday. Amphenol Corporation has a 52-week low of $62.64 and a 52-week high of $83.81. The company has a market capitalization of $25.33 billion, a P/E ratio of 27.93 and a beta of 0.76. The firm has a 50-day moving average of $79.80 and a 200 day moving average of $74.70.

Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders 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 yield of 0.92%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s payout ratio is presently 25.59%.

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 $93.00 price objective on the stock in a research report on Friday. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Amphenol Corporation presently has a consensus rating of “Buy” and an average price target of $80.13.

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Amphenol Corporation 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.

Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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