Fielder Capital Group LLC Trims Stake in Amphenol Corporation (NYSE:APH)

Key Points

• Fielder Capital Group LLC has reduced its stake in Amphenol Corporation by 27.2%, holding 7,903 shares valued at approximately $518,000 after selling 2,958 shares.
• In the first quarter, several institutional investors, including Perigon Wealth Management and Cambridge Investment Research Advisors, increased their positions in Amphenol, demonstrating significant liquidity in the stock.
• Amphenol reported a quarterly EPS of $0.81, exceeding analysts' expectations, with revenues of $5.65 billion, which is a 56.5% year-over-year increase.

Fielder Capital Group LLC reduced its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 27.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,903 shares of the electronics maker's stock after selling 2,958 shares during the period. Fielder Capital Group LLC's holdings in Amphenol were worth $518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its position in shares of Amphenol by 29.4% in the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock worth $1,144,000 after purchasing an additional 3,964 shares during the period. Raiffeisen Bank International AG bought a new position in shares of Amphenol in the fourth quarter worth approximately $13,847,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Amphenol by 46.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after purchasing an additional 22,293 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Amphenol by 14.4% in the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after purchasing an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Amphenol by 4.2% in the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after purchasing an additional 2,514 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the sale, the vice president owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Luc Walter sold 286,000 shares of the 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 directly owned 451,790 shares in the company, 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 ninety days, insiders sold 799,500 shares of company stock worth $70,053,885. Insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group upped their price target on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Truist Financial upped their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of "Moderate Buy" and an average target price of $102.23.

Amphenol Price Performance

Amphenol stock opened at $104.96 on Monday. The company has a market cap of $126.96 billion, a price-to-earnings ratio of 41.82, a PEG ratio of 1.84 and a beta of 1.13. The firm's fifty day moving average is $95.00 and its 200 day moving average is $78.50. 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 Corporation has a 52-week low of $54.77 and a 52-week high of $108.85.

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 company 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%. Amphenol's revenue was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Tuesday, June 17th. Amphenol's payout ratio is 26.29%.

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.

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