Dark Forest Capital Management LP Sells 10,657 Shares of Amphenol Co. (NYSE:APH)

Dark Forest Capital Management LP lessened its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 64.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,770 shares of the electronics maker's stock after selling 10,657 shares during the quarter. Dark Forest Capital Management LP's holdings in Amphenol were worth $401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. FMR LLC boosted its position in shares of Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Geode Capital Management LLC increased its stake in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Norges Bank purchased a new stake in Amphenol during the fourth quarter valued at about $1,378,794,000. Finally, Invesco Ltd. boosted its holdings in shares of Amphenol by 1.2% in the fourth quarter. Invesco Ltd. now owns 9,057,928 shares of the electronics maker's stock worth $629,073,000 after buying an additional 107,482 shares during the period. Institutional investors own 97.01% of the company's stock.

Amphenol Stock Up 2.7 %

Shares of APH traded up $2.13 during mid-day trading on Friday, hitting $80.76. 7,706,737 shares of the company's stock were exchanged, compared to its average volume of 7,467,869. 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 Co. has a twelve month low of $54.77 and a twelve month high of $81.00. The firm has a fifty day moving average of $66.53 and a two-hundred day moving average of $69.37. The stock has a market cap of $97.86 billion, a price-to-earnings ratio of 42.17, a P/E/G ratio of 1.92 and a beta of 1.17.

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

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.82%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APH. The Goldman Sachs Group upped their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Robert W. Baird raised their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating 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, TD Securities increased their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.62.

Insider Transactions at Amphenol

In related news, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30 % decrease in their position. The sale 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 Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents 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 sold 2,965,000 shares of company stock worth $224,785,900. 1.67% of the stock is owned by 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.