Polar Asset Management Partners Inc. Buys 163,764 Shares of Amphenol Co. (NYSE:APH)

Polar Asset Management Partners Inc. grew its stake in Amphenol Co. (NYSE:APH - Free Report) by 86.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 352,752 shares of the electronics maker's stock after purchasing an additional 163,764 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Amphenol were worth $24,499,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. LaFleur & Godfrey LLC grew its position in shares of Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after acquiring an additional 825 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Amphenol by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 292,194 shares of the electronics maker's stock worth $20,293,000 after purchasing an additional 4,956 shares during the period. Brighton Jones LLC increased its stake in Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Amphenol by 2.7% during the fourth quarter. Cornerstone Wealth Management LLC now owns 7,592 shares of the electronics maker's stock worth $527,000 after purchasing an additional 200 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Amphenol by 68.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 54,965 shares of the electronics maker's stock worth $3,817,000 after buying an additional 22,386 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Activity

In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider now directly owns 447,790 shares in the company, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by corporate insiders.

Amphenol Price Performance

Shares of NYSE APH traded down $0.22 during trading on Wednesday, hitting $88.11. The company had a trading volume of 6,107,429 shares, compared to its average volume of 7,482,124. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market cap of $106.58 billion, a P/E ratio of 46.01, a PEG ratio of 1.92 and a beta of 1.10. The business's 50-day moving average is $73.49 and its 200 day moving average is $71.18. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $91.65.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during 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%. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter last year, the company posted $0.40 EPS. Equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 annualized dividend and a dividend yield of 0.75%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on APH shares. Robert W. Baird raised their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Citigroup lifted their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday. Finally, TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.77.

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.