Neo Ivy Capital Management Acquires Shares of 53,466 Amphenol Co. (NYSE:APH)

Neo Ivy Capital Management acquired a new stake in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,466 shares of the electronics maker's stock, valued at approximately $3,713,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Tacita Capital Inc lifted its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth $28,000. Rakuten Securities Inc. increased its position in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol in the 4th quarter valued at about $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APH shares. JPMorgan Chase & Co. lifted their price target 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. UBS Group reiterated a "buy" rating and issued a $85.00 target price (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research report on Thursday, May 1st. Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, The Goldman Sachs Group boosted their price objective on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $82.77.

Insider Buying and Selling at Amphenol

In other news, insider William J. Doherty sold 126,000 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 175,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 51,400 shares of the company's stock, 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 have sold a total of 3,178,500 shares of company stock worth $241,903,805 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Down 0.2%

NYSE APH traded down $0.16 during trading hours on Wednesday, hitting $88.17. 2,392,241 shares of the company were exchanged, compared to its average volume of 7,476,710. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $106.66 billion, a price-to-earnings ratio of 46.05, a PEG ratio of 1.92 and a beta of 1.10. The company has a 50 day moving average of $73.49 and a two-hundred day moving average of $71.18. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $89.00.

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, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter last year, the company earned $0.40 earnings per share. The firm's revenue was up 47.7% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced 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. This represents a $0.66 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.