Korea Investment CORP Trims Stock Position in Amphenol Co. (NYSE:APH)

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Korea Investment CORP trimmed its stake in Amphenol Co. (NYSE:APH – Get Rating) by 58.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,932 shares of the electronics maker’s stock after selling 327,030 shares during the period. Korea Investment CORP’s holdings in Amphenol were worth $15,463,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vontobel Holding Ltd. grew its holdings in shares of Amphenol by 8.2% during the 1st quarter. Vontobel Holding Ltd. now owns 13,325 shares of the electronics maker’s stock worth $1,022,000 after acquiring an additional 1,006 shares during the period. Sei Investments Co. raised its holdings in Amphenol by 4.0% in the first quarter. Sei Investments Co. now owns 168,360 shares of the electronics maker’s stock worth $12,716,000 after purchasing an additional 6,405 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Amphenol by 56.7% during the first quarter. Canada Pension Plan Investment Board now owns 264,188 shares of the electronics maker’s stock valued at $19,906,000 after buying an additional 95,613 shares during the period. Prudential PLC bought a new stake in shares of Amphenol during the 1st quarter valued at $857,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Amphenol in the 1st quarter worth about $245,000. Institutional investors own 94.01% of the company’s stock.

Amphenol Stock Up 1.6 %

Shares of Amphenol stock opened at $81.11 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.42 and a debt-to-equity ratio of 0.65. Amphenol Co. has a twelve month low of $61.67 and a twelve month high of $82.86. The company has a market cap of $48.23 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.00 and a beta of 1.23. The company’s 50 day moving average is $78.78 and its 200 day moving average is $76.26.

Amphenol (NYSE:APH – Get Rating) last released its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.15 billion. Amphenol had a return on equity of 27.93% and a net margin of 15.07%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. Research analysts anticipate that Amphenol Co. will post 2.99 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Investors of record on Tuesday, March 21st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, March 20th. Amphenol’s payout ratio is 27.45%.

Insider Activity at Amphenol

In other news, VP David M. Silverman sold 75,000 shares of Amphenol stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $80.02, for a total transaction of $6,001,500.00. Following the transaction, the vice president now owns 7,000 shares in the company, valued at approximately $560,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Richard Adam Norwitt sold 650,000 shares of the firm’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $81.72, for a total value of $53,118,000.00. Following the transaction, the chief executive officer now owns 967,424 shares of the company’s stock, valued at $79,057,889.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $80.02, for a total value of $6,001,500.00. Following the transaction, the vice president now owns 7,000 shares of the company’s stock, valued at $560,140. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 879,800 shares of company stock worth $71,771,122. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

APH has been the topic of several research reports. Credit Suisse Group assumed coverage on shares of Amphenol in a research note on Monday, December 12th. They set an “outperform” rating and a $93.00 price objective on the stock. Robert W. Baird reduced their price objective on Amphenol from $93.00 to $91.00 in a research report on Thursday, January 26th. Jefferies Financial Group downgraded Amphenol from a “buy” rating to a “hold” rating and boosted their target price for the stock from $87.00 to $88.00 in a report on Tuesday, November 22nd. They noted that the move was a valuation call. Truist Financial raised their price target on Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 23rd. Finally, StockNews.com lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.36.

Amphenol Company Profile

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Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies, and Cables Products and Solutions segments.