JLB & Associates Inc. reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 362,319 shares of the electronics maker's stock after selling 10,891 shares during the period. Amphenol accounts for approximately 3.3% of JLB & Associates Inc.'s portfolio, making the stock its 8th largest position. JLB & Associates Inc.'s holdings in Amphenol were worth $23,765,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Raiffeisen Bank International AG purchased a new position in shares of Amphenol during the 4th quarter worth approximately $13,847,000. Revolve Wealth Partners LLC grew its stake 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 purchasing an additional 4,721 shares during the period. Assenagon Asset Management S.A. raised its holdings in 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 in the last quarter. SBI Securities Co. Ltd. purchased a new position in Amphenol during the fourth quarter valued at $60,000. Finally, New York State Common Retirement Fund boosted its holdings in shares of Amphenol by 3.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,916,741 shares of the electronics maker's stock valued at $133,118,000 after buying an additional 71,737 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.
Amphenol Stock Performance
APH stock traded up $0.53 on Wednesday, hitting $93.33. The company had a trading volume of 9,920,535 shares, compared to its average volume of 7,567,655. The stock has a market cap of $112.89 billion, a price-to-earnings ratio of 45.31, a P/E/G ratio of 2.11 and a beta of 1.12. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock's 50-day simple moving average is $81.51 and its 200 day simple moving average is $73.22. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $94.83.
Amphenol (NYSE:APH - Get Free Report) last issued 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 analyst estimates of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. Amphenol's revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, equities research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.
Amphenol Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.71%. Amphenol's payout ratio is currently 32.04%.
Analyst Ratings Changes
A number of brokerages have recently commented on APH. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Finally, Citigroup lifted their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.
View Our Latest Report on Amphenol
Insider Buying and Selling at Amphenol
In other news, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now owns 447,790 shares in the company, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.
Amphenol Company Profile
(
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.
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