Amphenol Co. (NYSE:APH) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in Amphenol Co. (NYSE:APH - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 378,107 shares of the electronics maker's stock after acquiring an additional 19,724 shares during the quarter. ProShare Advisors LLC's holdings in Amphenol were worth $26,260,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Tacita Capital Inc increased its stake in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the fourth quarter valued at about $28,000. Rakuten Securities Inc. grew its position in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol during the fourth quarter valued at about $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 1.1%

Shares of APH opened at $86.89 on Friday. The company has a market capitalization of $105.10 billion, a P/E ratio of 45.37, a P/E/G ratio of 1.92 and a beta of 1.10. Amphenol Co. has a one year low of $54.77 and a one year high of $86.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a 50-day moving average price of $70.41 and a 200 day moving average price of $70.40.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. Sell-side analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Analyst Ratings Changes

A number of research firms have issued reports on APH. The Goldman Sachs Group boosted their price target on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Finally, UBS Group reaffirmed a "buy" rating and issued a $85.00 target price (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares in the company, valued at $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Luc Walter sold 390,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. The trade was a 46.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 over the last quarter. 1.67% of the stock is owned by corporate insiders.

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.

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