Los Angeles Capital Management LLC Raises Holdings in Amphenol Corporation (NYSE:APH)

Los Angeles Capital Management LLC grew its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 42.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,391,868 shares of the electronics maker's stock after purchasing an additional 707,272 shares during the period. Los Angeles Capital Management LLC owned approximately 0.20% of Amphenol worth $156,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Forum Financial Management LP boosted its position in shares of Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock valued at $438,000 after buying an additional 126 shares during the period. Adell Harriman & Carpenter Inc. boosted its position in shares of Amphenol by 2.5% during the first quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock valued at $389,000 after buying an additional 143 shares during the period. Fullcircle Wealth LLC boosted its position in shares of Amphenol by 1.3% during the first quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after buying an additional 151 shares during the period. Values First Advisors Inc. boosted its position in shares of Amphenol by 0.5% during the first quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock valued at $1,895,000 after buying an additional 157 shares during the period. Finally, Conning Inc. raised its stake in shares of Amphenol by 1.8% during the first quarter. Conning Inc. now owns 9,091 shares of the electronics maker's stock valued at $596,000 after acquiring an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APH. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Evercore ISI boosted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $91.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday. Robert W. Baird boosted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research note on Friday, July 11th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.07.

Amphenol Price Performance

Shares of APH opened at $103.37 on Friday. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $103.70. 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 company has a market capitalization of $125.04 billion, a P/E ratio of 50.18, a P/E/G ratio of 2.35 and a beta of 1.13. The business's 50-day moving average is $93.26 and its two-hundred day moving average is $77.33.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.64%. Amphenol's dividend payout ratio is currently 32.04%.

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider owned 447,790 shares of the company's stock, valued at $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. In 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 company 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.

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