Mutual of America Capital Management LLC lowered its position in Amphenol Corporation (NYSE:APH - Free Report) by 2.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 197,436 shares of the electronics maker's stock after selling 4,654 shares during the period. Mutual of America Capital Management LLC's holdings in Amphenol were worth $12,950,000 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 lifted its holdings in Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Amphenol during the 4th quarter worth $13,847,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Amphenol by 46.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after acquiring an additional 22,293 shares during the period. Transcend Capital Advisors LLC raised its holdings in shares of Amphenol by 14.4% during the 1st quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock worth $295,000 after acquiring an additional 568 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Amphenol by 4.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after acquiring an additional 2,514 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on APH. Industrial Alliance Securities set a $115.00 price target on Amphenol in a report on Friday, July 11th. UBS Group lifted their price target on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Finally, Evercore ISI boosted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and an average target price of $104.92.
Check Out Our Latest Stock Report on Amphenol
Insider Buying and Selling
In other news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the transaction, the insider directly owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 586,000 shares of company stock valued at $52,935,980. Corporate insiders own 1.67% of the company's stock.
Amphenol Trading Up 1.3%
NYSE APH traded up $1.46 during trading on Friday, hitting $110.01. The stock had a trading volume of 5,052,387 shares, compared to its average volume of 8,531,813. The company has a market capitalization of $134.31 billion, a PE ratio of 43.83, a PEG ratio of 1.78 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average price of $98.66 and a 200 day moving average price of $80.69. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $110.60.
Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%. Amphenol's revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. As a group, 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 will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol's payout ratio is currently 26.29%.
Amphenol Company Profile
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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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