Vinva Investment Management Ltd Has $3.02 Million Stock Position in Amphenol Co. (NYSE:APH)

Vinva Investment Management Ltd increased its stake in Amphenol Co. (NYSE:APH) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,485 shares of the electronics maker’s stock after purchasing an additional 2,089 shares during the period. Vinva Investment Management Ltd’s holdings in Amphenol were worth $3,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its stake in Amphenol by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,842 shares of the electronics maker’s stock worth $3,443,000 after purchasing an additional 6,900 shares during the period. Noesis Capital Mangement Corp boosted its stake in Amphenol by 2.3% in the 3rd quarter. Noesis Capital Mangement Corp now owns 338,463 shares of the electronics maker’s stock worth $22,054,000 after purchasing an additional 7,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Amphenol by 32.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,366 shares of the electronics maker’s stock worth $18,855,000 after purchasing an additional 70,635 shares during the period. CreativeOne Wealth LLC boosted its stake in Amphenol by 37.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,955 shares of the electronics maker’s stock worth $388,000 after purchasing an additional 1,627 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Amphenol by 29,759.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,893 shares of the electronics maker’s stock worth $9,767,000 after purchasing an additional 149,391 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on APH shares. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial boosted their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America boosted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Stock Down 0.7 %

Shares of APH stock opened at $72.74 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The firm’s 50-day moving average is $68.37 and its 200-day moving average is $66.62. The stock has a market cap of $87.70 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 2.44 and a beta of 1.23. Amphenol Co. has a 52-week low of $44.90 and a 52-week high of $74.93.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period in the prior year, the firm earned $0.39 EPS. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. Sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Amphenol 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.