Assetmark Inc. raised its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,219 shares of the electronics maker's stock after purchasing an additional 2,936 shares during the quarter. Assetmark Inc.'s holdings in Amphenol were worth $2,113,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. FMR LLC grew its position in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD grew its position in Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the period. Geode Capital Management LLC grew its position in Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after buying an additional 659,560 shares during the period. Bank of America Corp DE grew its position in Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after buying an additional 18,619,417 shares during the period. Finally, Northern Trust Corp grew its position in Amphenol by 14.9% during the fourth quarter. Northern Trust Corp now owns 13,065,802 shares of the electronics maker's stock valued at $907,420,000 after buying an additional 1,689,632 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.
Insider Buying and Selling at Amphenol
In other Amphenol news, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president owned 152,412 shares of the company's stock, valued at $13,532,661.48. This trade represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 586,000 shares of company stock worth $52,935,980. 1.67% of the stock is currently owned by company insiders.
Amphenol Trading Down 2.1%
Shares of Amphenol stock traded down $2.22 on Friday, reaching $104.29. The company had a trading volume of 8,736,054 shares, compared to its average volume of 8,870,272. The firm's 50 day moving average price is $96.99 and its two-hundred day moving average price is $79.68. The firm has a market cap of $127.33 billion, a PE ratio of 41.55, a PEG ratio of 1.74 and a beta of 1.13. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $108.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02.
Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business's revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. Sell-side analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol's payout ratio is 26.29%.
Wall Street Analyst Weigh In
Several research firms recently commented on APH. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Citigroup lifted their target price on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. TD Securities lifted their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. Finally, Evercore ISI lifted their target price on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $102.23.
View Our Latest Report on APH
Amphenol Company Profile
(
Free Report)
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.
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