New York State Common Retirement Fund Sells 294,581 Shares of Amphenol Corporation (NYSE:APH)

New York State Common Retirement Fund reduced its position in Amphenol Corporation (NYSE:APH - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,622,160 shares of the electronics maker's stock after selling 294,581 shares during the period. New York State Common Retirement Fund owned about 0.13% of Amphenol worth $106,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Brighton Jones LLC increased its stake 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 worth $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. Proficio Capital Partners LLC increased its position in Amphenol by 86.7% during the fourth quarter. Proficio Capital Partners LLC now owns 13,615 shares of the electronics maker's stock worth $946,000 after buying an additional 6,322 shares during the last quarter. HighTower Advisors LLC raised its holdings in Amphenol by 8.6% during the fourth quarter. HighTower Advisors LLC now owns 237,920 shares of the electronics maker's stock valued at $16,524,000 after buying an additional 18,939 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position 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 worth $1,567,000 after buying an additional 3,774 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of NYSE APH traded up $1.52 during mid-day trading on Monday, hitting $100.28. The company had a trading volume of 7,750,004 shares, compared to its average volume of 8,413,353. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $100.79. The firm 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 business's 50-day simple moving average is $91.20 and its 200-day simple moving average is $76.29. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

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

Amphenol Announces Dividend

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

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last ninety days. 1.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. UBS Group increased their price target on Amphenol from $106.00 to $115.00 and gave the company a "buy" rating in a report on Monday. TD Securities boosted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Citigroup upped their price objective on shares of Amphenol from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Friday. Finally, Evercore ISI lifted their target price on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and an average price target of $91.64.

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.