Amphenol Co. (NYSE:APH) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 7,170.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,586,214 shares of the electronics maker's stock after buying an additional 2,550,644 shares during the period. GAMMA Investing LLC owned 0.21% of Amphenol worth $169,630,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Tacita Capital Inc grew its holdings in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. raised its holdings in Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Amphenol in the fourth quarter valued at about $44,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird lifted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. UBS Group upped their price target on Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $84.38.

Insider Buying and Selling

In other Amphenol news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now owns 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business'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 value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.5%

NYSE:APH traded up $0.42 during midday trading on Wednesday, reaching $92.10. The company had a trading volume of 3,766,411 shares, compared to its average volume of 8,306,040. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $92.41. The firm has a market capitalization of $111.40 billion, a price-to-earnings ratio of 48.09, a PEG ratio of 1.92 and a beta of 1.10. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock's fifty day simple moving average is $75.64 and its 200-day simple moving average is $71.79.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (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 business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the business posted $0.40 EPS. The business's quarterly revenue was up 47.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.72%. Amphenol's dividend payout ratio (DPR) is currently 32.04%.

Amphenol 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.