QRG Capital Management Inc. Sells 36,473 Shares of Amphenol Corporation (NYSE:APH)

QRG Capital Management Inc. lessened its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 3.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 957,586 shares of the electronics maker's stock after selling 36,473 shares during the period. Amphenol comprises about 0.7% of QRG Capital Management Inc.'s portfolio, making the stock its 21st largest holding. QRG Capital Management Inc. owned 0.08% of Amphenol worth $62,808,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Tacita Capital Inc lifted its holdings in shares of 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 purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at $28,000. Rakuten Securities Inc. lifted its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Amphenol in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 160,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 over the last quarter. Company insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup increased their target price on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. UBS Group upped their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. TD Securities upped their price target 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. Wall Street Zen downgraded shares of Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Stock Performance

APH stock traded down $0.70 during mid-day trading on Tuesday, reaching $92.68. 12,654,358 shares of the stock traded hands, compared to its average volume of 7,550,509. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $80.99 and a two-hundred day moving average of $73.08. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $94.83. The firm has a market capitalization of $112.10 billion, a PE ratio of 44.99, a P/E/G ratio of 2.13 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last released 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. The business 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 firm's revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. As a group, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

Amphenol 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.