53,466 Shares in Amphenol Co. (NYSE:APH) Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 53,466 shares of the electronics maker's stock, valued at approximately $3,713,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Amphenol in the fourth quarter worth about $1,378,794,000. Bank of America Corp DE lifted its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP raised its stake in Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after purchasing an additional 3,933,269 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APH. UBS Group reaffirmed a "buy" rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Fox Advisors upgraded shares of 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. Finally, The Goldman Sachs Group lifted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and an average target price of $82.77.

Insider Activity

In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. This represents a 46.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 in the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

NYSE:APH traded up $2.73 during trading hours on Tuesday, reaching $88.28. 6,813,088 shares of the company's stock were exchanged, compared to its average volume of 7,493,634. The firm has a market capitalization of $106.78 billion, a price-to-earnings ratio of 46.10, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $88.53. The company has a 50-day moving average of $73.05 and a 200 day moving average of $71.06.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS. Research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.75%. Amphenol's payout ratio is currently 32.04%.

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.