Teacher Retirement System of Texas Has $55.59 Million Stock Position in Amphenol Corporation (NYSE:APH)

Teacher Retirement System of Texas cut its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 28.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 847,527 shares of the electronics maker's stock after selling 340,061 shares during the period. Teacher Retirement System of Texas owned about 0.07% of Amphenol worth $55,589,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. boosted its position in 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 buying an additional 366 shares during the period. OFI Invest Asset Management purchased a new stake in Amphenol in the 4th quarter valued at about $44,000. Global X Japan Co. Ltd. purchased a new stake in Amphenol in the 1st quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Amphenol in the 4th quarter valued at about $48,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH traded up $0.84 during midday trading on Friday, reaching $99.36. 3,180,786 shares of the company's stock were exchanged, compared to its average volume of 7,629,996. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The stock has a market capitalization of $120.19 billion, a PE ratio of 48.23, a P/E/G ratio of 2.24 and a beta of 1.13. The business's 50-day moving average price is $88.68 and its 200 day moving average price is $75.10. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $99.71.

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

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.66%. Amphenol's dividend payout ratio is presently 32.04%.

Analyst Ratings Changes

Several research analysts recently commented on APH shares. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Robert W. Baird boosted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Citigroup boosted their price objective on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Finally, Evercore ISI upped their price target on shares of Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

Insider Transactions at Amphenol

In other Amphenol 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 legal filing with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares in the company, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Company 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.