Point72 Asia Singapore Pte. Ltd. Has $13.70 Million Stake in Amphenol Co. (NYSE:APH)

Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Amphenol Co. (NYSE:APH) by 1,069.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,398 shares of the electronics maker’s stock after acquiring an additional 185,998 shares during the quarter. Amphenol makes up 2.9% of Point72 Asia Singapore Pte. Ltd.’s investment portfolio, making the stock its 3rd largest position. Point72 Asia Singapore Pte. Ltd.’s holdings in Amphenol were worth $13,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Amphenol by 0.4% during the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after acquiring an additional 321,861 shares during the last quarter. Bank of New York Mellon Corp raised its position in Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after purchasing an additional 17,552,921 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Amphenol by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock worth $3,601,694,000 after buying an additional 1,979,022 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after buying an additional 9,487,387 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in shares of Amphenol by 88.9% during the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after buying an additional 7,275,279 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research analyst reports. TD Cowen raised their price target on Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Truist Financial lifted their target price on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Robert W. Baird decreased their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Citigroup upped their target price on Amphenol from $67.50 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Bank of America cut Amphenol from a “buy” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.04.

Amphenol Trading Up 0.7 %

Amphenol stock opened at $66.16 on Wednesday. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $63.96 and its two-hundred day simple moving average is $63.23. The company has a market capitalization of $79.47 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

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

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.00%. Amphenol’s payout ratio is currently 40.49%.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is owned by corporate insiders.

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.