Victory Capital Management Inc. Trims Stock Position in Amphenol Corporation (NYSE:APH)

Victory Capital Management Inc. trimmed its position in Amphenol Corporation (NYSE:APH - Free Report) by 8.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,035,153 shares of the electronics maker's stock after selling 99,484 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Amphenol worth $67,896,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Amphenol during the fourth quarter valued at approximately $1,378,794,000. Bank of America Corp DE boosted its position 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 worth $1,733,027,000 after acquiring an additional 18,619,417 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock valued at $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Amphenol by 619.9% in the fourth quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC boosted its position in Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after buying an additional 3,933,269 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 1.4%

APH opened at $101.93 on Friday. The stock has a market cap of $123.30 billion, a PE ratio of 49.48, a PEG ratio of 2.30 and a beta of 1.13. 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 of $92.81 and a 200-day moving average of $77.04. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $102.40.

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

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Ratings Changes

A number of analysts recently weighed in on APH shares. KGI Securities started coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. TD Securities raised their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. UBS Group restated a "buy" rating and issued a $115.00 target price (up previously from $106.00) on shares of Amphenol in a research note on Monday. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, Evercore ISI boosted their price target on Amphenol from $88.00 to $105.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and a consensus target price of $93.71.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 400,000 shares of Amphenol stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer directly owned 100,000 shares in the company, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last 90 days. 1.67% of the stock is currently owned by insiders.

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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