Boothbay Fund Management LLC Lowers Stock Holdings in Amphenol Co. (NYSE:APH)

Boothbay Fund Management LLC cut its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,980 shares of the electronics maker's stock after selling 15,552 shares during the period. Boothbay Fund Management LLC's holdings in Amphenol were worth $14,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC boosted its position in Amphenol by 0.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after purchasing an additional 136 shares in the last quarter. WASHINGTON TRUST Co boosted its position in Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc boosted its position in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker's stock worth $266,000 after purchasing an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its position in Amphenol by 3.3% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after purchasing an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its position in Amphenol by 3.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after purchasing an additional 177 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. This trade represents a 46.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction on Friday, April 25th. The stock was 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 of the company's stock, valued at approximately $7,593,000. This trade represents a 80.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock valued at $224,785,900 over the last quarter. 1.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Citigroup increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and set a $85.00 target price (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Five investment 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 stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Price Performance

Shares of NYSE:APH traded up $1.98 during midday trading on Thursday, hitting $78.93. The company had a trading volume of 4,095,538 shares, compared to its average volume of 8,510,083. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market cap of $95.65 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business's 50-day simple moving average is $65.99 and its 200-day simple moving average is $69.19.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $4.20 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The business's revenue for the quarter was up 47.7% on a year-over-year basis. On average, research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced 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 0.84%. Amphenol's dividend payout ratio (DPR) is 32.04%.

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.