GF Fund Management CO. LTD. Takes $578,000 Position in Amphenol Corporation (NYSE:APH)

GF Fund Management CO. LTD. purchased a new position in Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,811 shares of the electronics maker's stock, valued at approximately $578,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC raised its holdings in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after buying an additional 4,721 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Amphenol in the fourth quarter valued at $60,000. Victory Capital Management Inc. raised its position in shares of Amphenol by 5.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,134,637 shares of the electronics maker's stock worth $78,801,000 after purchasing an additional 61,835 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Amphenol by 86.7% during the fourth quarter. Proficio Capital Partners LLC now owns 13,615 shares of the electronics maker's stock worth $946,000 after purchasing an additional 6,322 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Down 1.0%

Shares of NYSE APH traded down $0.96 during mid-day trading on Monday, reaching $98.50. The company had a trading volume of 9,850,612 shares, compared to its average volume of 7,651,910. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a market capitalization of $119.15 billion, a PE ratio of 47.82, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The stock's 50 day moving average is $89.61 and its 200-day moving average is $75.54.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share 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 company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the prior year, the firm posted $0.40 EPS. The business's revenue was up 47.7% compared to the same quarter last year. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. Amphenol's dividend payout ratio is currently 32.04%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APH. Robert W. Baird boosted their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. UBS Group boosted their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Transactions at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 390,000 shares of the 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 transaction, the insider owned 447,790 shares in the company, valued at approximately $33,991,738.90. This trade represents a 46.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. 1.67% of the stock is currently owned by insiders.

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.