Bridgeway Capital Management LLC Sells 25,000 Shares of Amphenol Co. (NYSE:APH)

Bridgeway Capital Management LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 85.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,400 shares of the electronics maker's stock after selling 25,000 shares during the quarter. Bridgeway Capital Management LLC's holdings in Amphenol were worth $306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Amphenol by 1.4% in 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 during the last quarter. FMR LLC increased its stake in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings 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 worth $4,091,426,000 after acquiring an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Amphenol by 2.7% during 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 last quarter. Finally, Bank of America Corp DE grew its holdings in shares of 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 valued at $1,733,027,000 after purchasing an additional 18,619,417 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

APH opened at $84.45 on Tuesday. The business has a fifty day moving average of $68.49 and a 200 day moving average of $69.94. The stock has a market cap of $102.15 billion, a P/E ratio of 44.10, a PEG 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 52-week low of $54.77 and a 52-week high of $84.98.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during 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 was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.78%. Amphenol's payout ratio is 32.04%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Robert W. Baird upped their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price objective on Amphenol in a research note on Thursday, April 24th. Five research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $81.62.

Insider Buying and Selling

In other news, 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 completion of the sale, the insider now owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $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. Insiders have sold a total of 3,178,500 shares of company stock valued at $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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