Voloridge Investment Management LLC Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Voloridge Investment Management LLC lessened its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 555,041 shares of the electronics maker's stock after selling 487,941 shares during the period. Voloridge Investment Management LLC's holdings in Amphenol were worth $38,548,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Princeton Global Asset Management LLC grew its position in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock worth $1,634,000 after purchasing an additional 136 shares during the last quarter. WASHINGTON TRUST Co grew its position in Amphenol by 23.0% during 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 last quarter. MJP Associates Inc. ADV grew its position in Amphenol by 2.3% during 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 last quarter. Newbridge Financial Services Group Inc. boosted its holdings in shares of Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker's stock valued at $381,000 after acquiring an additional 173 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its stake in shares of Amphenol by 3.5% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker's stock worth $363,000 after acquiring an additional 177 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

Shares of NYSE APH traded up $2.45 during mid-day trading on Tuesday, reaching $88.00. The company's stock had a trading volume of 1,915,423 shares, compared to its average volume of 8,230,501. The stock has a 50-day moving average of $73.05 and a two-hundred day moving average of $71.06. The stock has a market capitalization of $106.44 billion, a P/E ratio of 45.96, 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 quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $88.24.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS 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 analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, equities research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

Insider Activity

In related news, VP David M. Silverman sold 87,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company's stock, valued at approximately $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction dated Friday, April 25th. The shares were 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 directly owns 51,400 shares of the company's stock, valued at $3,920,792. This represents a 77.30% decrease in their position. 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. Insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on APH shares. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. UBS Group reissued a "buy" rating and issued a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Robert W. Baird boosted their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. TD Securities boosted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, Citigroup upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

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.