UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Amphenol Co. (NYSE:APH - Free Report) by 83.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,185,201 shares of the electronics maker's stock after selling 5,980,167 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Amphenol worth $82,312,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of APH. Vanguard Group Inc. boosted its holdings in Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. FMR LLC boosted its holdings in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Amphenol by 36.8% in the 4th 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after purchasing an additional 659,560 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares in the last quarter. Institutional investors own 97.01% of the company's stock.
Insider Buying and Selling at Amphenol
In other news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction 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 sale, the insider now directly owns 447,790 shares of the company's stock, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock worth $241,903,805 over the last three months. Company insiders own 1.67% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. UBS Group lifted their target price on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Thursday, April 24th. Robert W. Baird lifted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Citigroup increased their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.38.
Check Out Our Latest Stock Report on APH
Amphenol Price Performance
Shares of Amphenol stock traded down $0.40 during trading on Friday, reaching $88.52. 2,129,365 shares of the company's stock were exchanged, compared to its average volume of 7,452,246. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market cap of $107.07 billion, a P/E ratio of 46.37, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1-year low of $54.77 and a 1-year high of $90.13. The firm's 50-day moving average price is $74.31 and its 200 day moving average price is $71.41.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period last year, the business posted $0.40 EPS. The business's revenue was up 47.7% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.
Amphenol Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.75%. Amphenol's dividend payout ratio is 32.04%.
About Amphenol
(
Free Report)
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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