Amphenol Co. (NYSE:APH) Stock Position Raised by Summit Global Investments

Summit Global Investments raised its stake in Amphenol Co. (NYSE:APH - Free Report) by 611.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,435 shares of the electronics maker's stock after purchasing an additional 58,816 shares during the quarter. Summit Global Investments' holdings in Amphenol were worth $4,489,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APH. Tacita Capital Inc boosted its holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing 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 acquired a new position in shares of Amphenol in the 4th quarter valued at $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Amphenol in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group lifted their target price on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" 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. According to data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average target price of $84.38.

Insider Transactions at Amphenol

In other news, VP David M. Silverman sold 87,500 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company's stock, valued at approximately $1,000,375. The trade was a 87.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the sale, the vice president now directly owns 152,412 shares of the company's stock, valued at $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,218,500 shares of company stock valued at $245,455,405. Insiders own 1.67% of the company's stock.

Amphenol Stock Up 1.0%

APH stock traded up $0.85 during trading on Friday, reaching $89.77. The stock had a trading volume of 21,458,563 shares, compared to its average volume of 7,493,509. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $89.98. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $108.59 billion, a P/E ratio of 46.88, a PEG ratio of 1.92 and a beta of 1.10. The firm has a fifty day moving average price of $74.71 and a 200 day moving average price of $71.52.

Amphenol (NYSE:APH - Get Free Report) last issued 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. 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 analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The firm's revenue was up 47.7% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's payout ratio is currently 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.