TimesSquare Capital Management LLC Has $49.55 Million Position in Amphenol Corporation (NYSE:APH)

TimesSquare Capital Management LLC lifted its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 12.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 755,438 shares of the electronics maker's stock after purchasing an additional 86,345 shares during the quarter. TimesSquare Capital Management LLC owned 0.06% of Amphenol worth $49,549,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of APH. Norges Bank acquired a new stake in shares of Amphenol during the fourth quarter worth about $1,378,794,000. Bank of America Corp DE raised its position in shares of Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after purchasing an additional 15,837,407 shares during the period. Wellington Management Group LLP raised its position in shares of Amphenol by 619.9% during the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after buying an additional 3,933,269 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Up 0.4%

APH stock opened at $98.74 on Monday. 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 price of $91.20 and a two-hundred day moving average price of $76.29. The company has a market cap of $119.44 billion, a price-to-earnings ratio of 47.93, a P/E/G ratio of 2.26 and a beta of 1.13. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.99.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's revenue was up 47.7% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.67%. Amphenol's dividend payout ratio is currently 32.04%.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 160,000 shares of Amphenol 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer owned 100,000 shares of the company's stock, valued at $7,593,000. This represents a 80.00% 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 in the last three months. 1.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on APH. Evercore ISI increased their price objective on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a report on Thursday, June 5th. The Goldman Sachs Group increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Robert W. Baird increased their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus target price of $91.00.

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.

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