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Alecta Tjanstepension Omsesidigt Sells 2,090,000 Shares of Amphenol Corporation (NYSE:APH)

Amphenol logo with Computer and Technology background

Alecta Tjanstepension Omsesidigt reduced its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,941,600 shares of the electronics maker's stock after selling 2,090,000 shares during the quarter. Amphenol comprises 4.0% of Alecta Tjanstepension Omsesidigt's portfolio, making the stock its 5th biggest position. Alecta Tjanstepension Omsesidigt owned 0.90% of Amphenol worth $717,660,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in APH. VCI Wealth Management LLC bought a new stake in shares of Amphenol in the 1st quarter valued at about $1,430,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Amphenol by 714.2% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,976,684 shares of the electronics maker's stock worth $142,068,000 after purchasing an additional 1,733,901 shares during the last quarter. PFG Advisors raised its stake in shares of Amphenol by 36.7% during the first quarter. PFG Advisors now owns 54,785 shares of the electronics maker's stock valued at $3,593,000 after acquiring an additional 14,695 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in Amphenol by 18.2% in the first quarter. HighPoint Advisor Group LLC now owns 20,715 shares of the electronics maker's stock worth $1,359,000 after purchasing an additional 3,195 shares during the last quarter. Finally, Lewis Asset Management LLC purchased a new stake in shares of Amphenol during the first quarter valued at $209,000. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, 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 value of $3,551,600.00. Following the transaction, the vice president directly owned 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luc Walter sold 286,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by insiders.

Amphenol Trading Down 1.7%

NYSE:APH traded down $1.74 during trading hours on Tuesday, hitting $101.97. The stock had a trading volume of 8,821,217 shares, compared to its average volume of 7,642,631. The company has a market cap of $123.35 billion, a price-to-earnings ratio of 49.50, a P/E/G ratio of 2.09 and a beta of 1.13. Amphenol Corporation has a one year low of $54.77 and a one year high of $104.30. The business's 50 day moving average is $93.26 and its 200-day moving average is $77.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same period in the prior year, the firm earned $0.40 EPS. The company's revenue for the quarter was up 47.7% on a year-over-year basis. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.65%. Amphenol's payout ratio is 32.04%.

Analyst Ratings Changes

A number of research analysts have commented on APH shares. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $91.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Evercore ISI increased their price target on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, UBS Group restated a "buy" rating and set a $115.00 price target (up from $106.00) on shares of Amphenol in a report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $94.07.

View Our Latest Analysis on Amphenol

About Amphenol

(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.

See Also

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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