Amphenol Co. (NYSE:APH) Stake Raised by CloudAlpha Capital Management Limited Hong Kong

CloudAlpha Capital Management Limited Hong Kong lifted its stake in Amphenol Co. (NYSE:APH) by 189.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,000 shares of the electronics maker’s stock after purchasing an additional 116,600 shares during the quarter. Amphenol accounts for approximately 1.0% of CloudAlpha Capital Management Limited Hong Kong’s holdings, making the stock its 9th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Amphenol were worth $11,992,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its position in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 188 shares during the last quarter. Sachetta LLC lifted its stake in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 249 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of Amphenol in the second quarter worth approximately $29,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $63.99 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The business has a 50-day moving average price of $64.43 and a 200-day moving average price of $62.88. The firm has a market cap of $76.87 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS. As a group, equities research analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.03%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Finally, Robert W. Baird lowered their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Company Profile

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.