TCW Group Inc. Has $17.54 Million Stake in Amphenol Corporation (NYSE:APH)

Key Points

• TCW Group Inc. has reduced its stake in Amphenol Corporation by 2.6%, selling 7,010 shares and owning a total of 267,422 shares worth approximately $17.54 million.
• Several research firms have raised their price targets for Amphenol, with Truist Financial increasing theirs to $126.00, while the company maintains a consensus rating of "Moderate Buy."
• Insider trading activity shows that Amphenol's VP sold 100,000 shares, reducing their position by 88.89%, amid broader insider sales of 799,500 shares worth $70 million over the last 90 days.

TCW Group Inc. lowered its position in Amphenol Corporation (NYSE:APH - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,422 shares of the electronics maker's stock after selling 7,010 shares during the quarter. TCW Group Inc.'s holdings in Amphenol were worth $17,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Amphenol by 16.0% during the first quarter. LPL Financial LLC now owns 790,840 shares of the electronics maker's stock valued at $51,871,000 after acquiring an additional 109,120 shares during the period. Alteri Wealth LLC boosted its stake in shares of Amphenol by 9.6% during the 1st quarter. Alteri Wealth LLC now owns 9,221 shares of the electronics maker's stock valued at $605,000 after buying an additional 805 shares during the period. Inspire Advisors LLC boosted its stake in shares of Amphenol by 9.0% during the 1st quarter. Inspire Advisors LLC now owns 12,079 shares of the electronics maker's stock valued at $792,000 after buying an additional 993 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Amphenol by 2.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,285,077 shares of the electronics maker's stock valued at $84,288,000 after purchasing an additional 24,846 shares during the last quarter. Finally, Cornerstone Advisory LLC lifted its stake in shares of Amphenol by 4.3% in the 1st quarter. Cornerstone Advisory LLC now owns 4,855 shares of the electronics maker's stock valued at $318,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total transaction of $14,326,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares of the company's stock, valued at $1,113,625. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 799,500 shares of company stock worth $70,053,885 over the last three months. 1.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

APH has been the subject of several analyst reports. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a research note on Friday, July 11th. Citigroup lifted their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Finally, Truist Financial boosted their price objective on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.23.

Amphenol Trading Up 2.3%

Shares of APH traded up $2.42 on Thursday, reaching $107.91. 10,119,386 shares of the company's stock were exchanged, compared to its average volume of 8,534,112. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $131.75 billion, a P/E ratio of 43.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The business has a 50 day moving average price of $96.19 and a two-hundred day moving average price of $79.12. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $108.85.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business's quarterly revenue was up 56.5% on a year-over-year basis. Research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.61%. Amphenol's dividend payout ratio is 26.29%.

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.