China Universal Asset Management Co. Ltd. Decreases Stock Holdings in Amphenol Corporation (NYSE:APH)

China Universal Asset Management Co. Ltd. reduced its position in Amphenol Corporation (NYSE:APH - Free Report) by 31.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 51,200 shares of the electronics maker's stock after selling 24,000 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Amphenol were worth $3,365,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Rialto Wealth Management LLC bought a new stake in shares of Amphenol during the fourth quarter worth approximately $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after buying an additional 366 shares in the last quarter. OFI Invest Asset Management acquired a new position in shares of Amphenol during the fourth quarter worth $44,000. Global X Japan Co. Ltd. acquired a new position in shares of Amphenol during the first quarter worth $44,000. Finally, Coppell Advisory Solutions LLC bought a new stake in shares of Amphenol in the fourth quarter worth $48,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APH has been the topic of several analyst reports. Citigroup boosted their price objective on shares of Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday. KGI Securities started coverage on shares of Amphenol in a research report on Thursday, June 26th. They set a "hold" rating on the stock. Evercore ISI upped their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $89.15.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider owned 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Performance

Shares of APH stock traded up $0.43 during trading hours on Friday, hitting $98.74. 6,716,903 shares of the company were exchanged, compared to its average volume of 7,679,562. The firm has a fifty day simple moving average of $91.20 and a 200 day simple moving average of $76.22. The stock has a market capitalization of $119.44 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 2.25 and a beta of 1.13. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.99. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66.

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

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Amphenol 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.