Snowden Capital Advisors LLC Cuts Stock Position in Amphenol Co. (NYSE:APH)

Snowden Capital Advisors LLC trimmed its position in Amphenol Co. (NYSE:APH - Free Report) by 59.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,624 shares of the electronics maker's stock after selling 48,595 shares during the quarter. Snowden Capital Advisors LLC's holdings in Amphenol were worth $2,341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC bought a new position in Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. grew its position in shares of 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 last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter valued at about $32,000. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on APH. The Goldman Sachs Group lifted their price objective on Amphenol from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Citigroup increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Amphenol Stock Down 0.7%

Shares of APH stock traded down $0.59 during trading hours on Wednesday, reaching $85.70. The company had a trading volume of 6,506,891 shares, compared to its average volume of 7,520,486. The business has a fifty day simple moving average of $71.37 and a 200-day simple moving average of $70.68. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $87.22. The company has a market cap of $103.66 billion, a price-to-earnings ratio of 44.75, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 EPS. On average, research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30% 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 valued at $241,903,805. Insiders own 1.67% of the company's stock.

About Amphenol

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.