Temasek Holdings Private Ltd Purchases New Shares in Amphenol Co. (NYSE:APH)

Temasek Holdings Private Ltd purchased a new position in Amphenol Co. (NYSE:APH - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 49,728 shares of the electronics maker's stock, valued at approximately $3,240,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker's stock worth $2,468,301,000 after buying an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Amphenol by 69.1% during 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 acquiring an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. increased its position in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker's stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock valued at $662,458,000 after buying an additional 5,293,292 shares during the period. Finally, National Bank of Canada FI boosted its position in shares of Amphenol by 263.0% during the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker's stock worth $240,935,000 after buying an additional 2,585,282 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on APH shares. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. TD Cowen increased 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. Finally, Truist Financial raised their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $69.63.

Insider Activity

In other Amphenol news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company's stock, valued at $963,760. The trade was a 92.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 over the last three months. Insiders own 1.80% of the company's stock.

Amphenol Stock Performance

Shares of Amphenol stock traded down $0.41 during trading on Friday, reaching $73.98. The company's stock had a trading volume of 2,499,594 shares, compared to its average volume of 6,559,840. The business's 50-day moving average price is $69.15 and its 200-day moving average price is $66.91. The firm has a market cap of $89.19 billion, a PE ratio of 42.75, a P/E/G ratio of 2.43 and a beta of 1.24. Amphenol Co. has a 52 week low of $45.92 and a 52 week high of $74.93. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.89%. Amphenol's dividend payout ratio is presently 37.93%.

About Amphenol

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.