Temasek Holdings Private Ltd Sells 28,483 Shares of Amphenol Co. (NYSE:APH)

Temasek Holdings Private Ltd lessened its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 57.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,245 shares of the electronics maker's stock after selling 28,483 shares during the period. Temasek Holdings Private Ltd's holdings in Amphenol were worth $1,475,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC grew its holdings in shares of Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co boosted its stake in Amphenol by 23.0% in the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock worth $55,000 after purchasing an additional 147 shares during the period. MJP Associates Inc. ADV boosted its stake in Amphenol by 2.3% in the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock worth $509,000 after purchasing an additional 166 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock worth $381,000 after purchasing an additional 173 shares during the period. Finally, Robertson Stephens Wealth Management LLC boosted its stake in Amphenol by 3.5% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after purchasing an additional 177 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Trading Down 0.7%

NYSE APH traded down $0.59 during mid-day trading on Wednesday, reaching $85.70. 6,506,891 shares of the stock were exchanged, compared to its average volume of 7,520,486. Amphenol Co. has a one year low of $54.77 and a one year high of $87.22. The stock has a 50 day simple moving average of $71.37 and a 200-day simple moving average of $70.68. The stock has a market cap of $103.66 billion, a P/E ratio of 44.75, a P/E/G 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 announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. On average, analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued 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 is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APH shares. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. TD Securities upped their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Truist Financial upped their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business's stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 over the last three months. 1.67% of the stock is currently 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.