Point72 Asia Singapore Pte. Ltd. boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 102.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,664 shares of the electronics maker's stock after purchasing an additional 71,184 shares during the period. Amphenol comprises 2.6% of Point72 Asia Singapore Pte. Ltd.'s portfolio, making the stock its 5th largest position. Point72 Asia Singapore Pte. Ltd.'s holdings in Amphenol were worth $9,769,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Amphenol in the fourth quarter worth $1,378,794,000. Bank of America Corp DE grew its stake in Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP raised its stake in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after buying an additional 6,039,845 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.
Insiders Place Their Bets
In related news, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer now directly owns 100,000 shares in the company, valued at $7,593,000. The trade was a 80.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on APH shares. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research note on Thursday, April 24th. Truist Financial lifted their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, UBS Group reiterated a "buy" rating and set a $85.00 price target (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and an average price target of $81.62.
Check Out Our Latest Report on Amphenol
Amphenol Stock Performance
Shares of APH opened at $85.70 on Thursday. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $86.80. The firm has a market capitalization of $103.66 billion, a PE ratio of 44.75, a P/E/G ratio of 1.92 and a beta of 1.10. The firm has a 50-day moving average price of $69.43 and a 200 day moving average price of $70.16. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.
Amphenol Company Profile
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Amphenol, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amphenol wasn't on the list.
While Amphenol currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
