Dorsal Capital Management LP trimmed its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,300,000 shares of the electronics maker's stock after selling 400,000 shares during the period. Amphenol makes up about 2.1% of Dorsal Capital Management LP's portfolio, making the stock its 18th biggest position. Dorsal Capital Management LP owned about 0.11% of Amphenol worth $90,285,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in APH. Vanguard Group Inc. boosted its position in Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after purchasing an additional 2,108,578 shares in the last quarter. FMR LLC raised its stake in shares of Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Amphenol by 36.8% during the 4th 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 in the last quarter. Geode Capital Management LLC grew 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 valued at $1,754,672,000 after acquiring an additional 659,560 shares during the period. Finally, Bank of America Corp DE increased its holdings in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.
Insider Buying and Selling
In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were 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 in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock worth $241,903,805 in the last quarter. Company insiders own 1.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on APH. Citigroup boosted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Robert W. Baird lifted their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.62.
Get Our Latest Report on Amphenol
Amphenol Price Performance
APH stock traded up $3.78 on Monday, reaching $84.66. 5,064,599 shares of the company's stock were exchanged, compared to its average volume of 7,499,310. The stock has a fifty day moving average of $68.09 and a 200-day moving average of $69.84. The firm has a market cap of $102.41 billion, a PE ratio of 44.23, a P/E/G ratio of 1.92 and a beta of 1.10. 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 $84.80.
Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the prior year, the company posted $0.40 EPS. The business's revenue for the quarter was up 47.7% on a year-over-year basis. As a group, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 0.78%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.
About Amphenol
(
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.
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