NuWave Investment Management LLC Raises Position in Amphenol Co. (NYSE:APH)

NuWave Investment Management LLC raised its holdings in Amphenol Co. (NYSE:APH) by 6,674.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,200 shares of the electronics maker’s stock after acquiring an additional 4,138 shares during the period. NuWave Investment Management LLC’s holdings in Amphenol were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Capital Research Global Investors raised its stake in Amphenol by 256.2% in the third quarter. Capital Research Global Investors now owns 9,600,537 shares of the electronics maker’s stock valued at $902,642,000 after buying an additional 6,905,120 shares during the period. FMR LLC increased its stake in shares of Amphenol by 2.1% during the third quarter. FMR LLC now owns 39,361,331 shares of the electronics maker’s stock worth $3,700,752,000 after purchasing an additional 816,589 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Amphenol by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 7,586,588 shares of the electronics maker’s stock worth $713,292,000 after purchasing an additional 415,589 shares during the period. Franklin Resources Inc. increased its stake in shares of Amphenol by 16.8% during the third quarter. Franklin Resources Inc. now owns 2,258,933 shares of the electronics maker’s stock worth $212,382,000 after purchasing an additional 325,451 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Amphenol by 81.0% during the third quarter. Thrivent Financial for Lutherans now owns 711,938 shares of the electronics maker’s stock worth $66,936,000 after purchasing an additional 318,583 shares during the period. 96.36% of the stock is owned by hedge funds and other institutional investors.

NYSE APH opened at $91.86 on Thursday. The firm has a market cap of $27.14 billion, a P/E ratio of 24.37, a PEG ratio of 2.11 and a beta of 0.87. Amphenol Co. has a twelve month low of $74.95 and a twelve month high of $97.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.36 and a current ratio of 1.87.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.07. Amphenol had a return on equity of 29.82% and a net margin of 14.69%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, analysts forecast that Amphenol Co. will post 3.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 24.40%.

A number of brokerages have recently weighed in on APH. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday. Bank of America restated a “buy” rating and set a $107.00 price objective (up previously from $103.00) on shares of Amphenol in a research note on Thursday, February 7th. Finally, ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $102.00.

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Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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