E Fund Management Co. Ltd. Purchases 20,161 Shares of Amphenol Corporation (NYSE:APH)

Key Points

• E Fund Management Co. Ltd. increased its holdings in Amphenol Corporation by 54.5% during the 1st quarter, owning 57,128 shares valued at approximately $3,747,000.
• Insider trading activity was notable, with William J. Doherty selling 113,000 shares for around $12.46 million and David M. Silverman selling 100,000 shares for approximately $8.91 million.
• The company reported $0.81 earnings per share in its latest quarterly earnings, exceeding analyst expectations and reflecting a 56.5% year-over-year revenue increase to $5.65 billion.

E Fund Management Co. Ltd. lifted its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 54.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,128 shares of the electronics maker's stock after purchasing an additional 20,161 shares during the period. E Fund Management Co. Ltd.'s holdings in Amphenol were worth $3,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Amphenol by 38.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 294,987 shares of the electronics maker's stock worth $20,545,000 after acquiring an additional 82,375 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in Amphenol in the fourth quarter worth approximately $564,000. Finally, Advisors Capital Management LLC boosted its holdings in Amphenol by 5.3% in the fourth quarter. Advisors Capital Management LLC now owns 4,647 shares of the electronics maker's stock worth $323,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on APH shares. TD Securities increased their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Wall Street Zen lowered Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Bank of America raised their target price on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $104.92.

Insider Buying and Selling

In other news, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the completion of the transaction, the insider directly owned 451,790 shares of the company's stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 812,000 shares of company stock valued at $77,703,320 over the last three months. Insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Amphenol stock traded down $1.54 during mid-day trading on Friday, reaching $109.20. 6,535,524 shares of the company's stock were exchanged, compared to its average volume of 9,348,532. The business's fifty day simple moving average is $100.89 and its 200 day simple moving average is $82.29. The firm has a market capitalization of $133.32 billion, a PE ratio of 43.51, a P/E/G ratio of 1.75 and a beta of 1.13. Amphenol Corporation has a one year low of $56.45 and a one year high of $112.35. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the business posted $0.44 earnings per share. The business's revenue for the quarter was up 56.5% on a year-over-year basis. On average, sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

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.