Massachusetts Financial Services Co. MA Sells 1,460,459 Shares of Amphenol Corporation (NYSE:APH)

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 6.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,676,055 shares of the electronics maker's stock after selling 1,460,459 shares during the period. Massachusetts Financial Services Co. MA owned about 1.71% of Amphenol worth $1,356,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after acquiring an additional 9,390 shares during the period. Revolve Wealth Partners LLC lifted 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 valued at $701,000 after purchasing an additional 4,721 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in Amphenol by 86.7% during the fourth quarter. Proficio Capital Partners LLC now owns 13,615 shares of the electronics maker's stock valued at $946,000 after purchasing an additional 6,322 shares during the period. HighTower Advisors LLC increased its position in Amphenol by 8.6% in the fourth quarter. HighTower Advisors LLC now owns 237,920 shares of the electronics maker's stock worth $16,524,000 after buying an additional 18,939 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Amphenol by 20.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 22,556 shares of the electronics maker's stock valued at $1,567,000 after buying an additional 3,774 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Amphenol stock traded up $1.52 during midday trading on Monday, hitting $100.28. 7,750,004 shares of the company's stock were exchanged, compared to its average volume of 8,413,353. The stock has a 50-day moving average price of $91.20 and a two-hundred day moving average price of $76.29. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $100.79. The company has a market cap of $121.29 billion, a P/E ratio of 48.68, a PEG ratio of 2.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

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 dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president owned 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 in the last three months. 1.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APH. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. KGI Securities initiated coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating on the stock. Evercore ISI boosted their target price on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a report on Thursday, June 5th. Finally, Citigroup raised their price target on Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $91.64.

Amphenol Company 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.