Fosun International Ltd Buys Shares of 9,400 Amphenol Co. (NYSE:APH)

Fosun International Ltd purchased a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,400 shares of the electronics maker's stock, valued at approximately $653,000. Amphenol comprises approximately 0.2% of Fosun International Ltd's portfolio, making the stock its 20th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Tacita Capital Inc increased its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new stake in Amphenol during the 4th quarter worth approximately $28,000. Rakuten Securities Inc. lifted its holdings in Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in shares of Amphenol in the fourth quarter worth approximately $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Lance E. D'amico sold 175,000 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. This represents a 77.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total value of $7,002,625.00. Following the transaction, the vice president now owns 12,500 shares of the company's stock, valued at $1,000,375. This trade represents a 87.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on APH. Truist Financial lifted their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. UBS Group reaffirmed a "buy" rating and issued a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. The Goldman Sachs Group lifted their target price on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Amphenol Stock Performance

Shares of NYSE:APH opened at $80.78 on Friday. The firm has a fifty day simple moving average of $68.09 and a two-hundred day simple moving average of $69.83. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $97.71 billion, a P/E ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $81.82.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. The company had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, analysts expect that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is 32.04%.

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.

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