Amphenol Co. (NYSE:APH) is CloudAlpha Capital Management Limited Hong Kong’s 9th Largest Position

CloudAlpha Capital Management Limited Hong Kong lifted its holdings in Amphenol Co. (NYSE:APH) by 189.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,000 shares of the electronics maker’s stock after buying an additional 116,600 shares during the quarter. Amphenol makes up about 1.0% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 9th biggest position. CloudAlpha Capital Management Limited Hong Kong’s holdings in Amphenol were worth $11,992,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Frazier Financial Advisors LLC purchased a new position in shares of Amphenol during the fourth quarter worth approximately $29,000. Beacon Capital Management LLC grew its stake in Amphenol by 121.2% in the second 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 increased its holdings in Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares during the period. Opal Wealth Advisors LLC bought a new stake in Amphenol during the 2nd quarter valued at $29,000. Finally, Sachetta LLC lifted its holdings in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was 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 $124,875,089.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s 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 directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. 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 three months. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of APH stock opened at $63.99 on Wednesday. The stock’s 50-day simple moving average is $64.43 and its 200-day simple moving average is $62.88. The firm has a market capitalization of $76.87 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the company posted $0.72 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities analysts forecast 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. Stockholders of record on Tuesday, September 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio is presently 40.49%.

Wall Street Analysts Forecast Growth

APH has been the topic of several research reports. Robert W. Baird cut their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Citigroup raised their target price on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. UBS Group upped their price target on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price for the company. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.