Allspring Global Investments Holdings LLC Reduces Holdings in Amphenol Corporation (NYSE:APH)

Allspring Global Investments Holdings LLC lowered its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,127,046 shares of the electronics maker's stock after selling 12,399 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.09% of Amphenol worth $74,464,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Raiffeisen Bank International AG purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $13,847,000. Assenagon Asset Management S.A. raised its stake in shares of Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after purchasing an additional 2,514 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after purchasing an additional 4,721 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $60,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Amphenol by 21.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 243,765 shares of the electronics maker's stock valued at $15,989,000 after purchasing an additional 42,669 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on APH shares. 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. TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. UBS Group lifted their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. The Goldman Sachs Group lifted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Citigroup lifted their price target on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Stock Up 0.8%

APH stock opened at $97.76 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $98.07. The firm's 50-day simple moving average is $86.34 and its 200 day simple moving average is $74.43. The stock has a market cap of $118.24 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last announced 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 15.58% and a return on equity of 27.68%. Amphenol's revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given 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 yield of 0.68%. Amphenol's dividend payout ratio is presently 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol 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 transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer now owns 100,000 shares in the company, 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. In the last three months, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 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.

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