Polar Asset Management Partners Inc. Has $24.50 Million Stake in Amphenol Co. (NYSE:APH)

Polar Asset Management Partners Inc. increased its position in Amphenol Co. (NYSE:APH - Free Report) by 86.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 352,752 shares of the electronics maker's stock after acquiring an additional 163,764 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Amphenol were worth $24,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares in the last quarter. FMR LLC increased its holdings in shares of Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 worth $4,091,426,000 after purchasing an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC grew its holdings in Amphenol by 2.7% during 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 acquiring an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Amphenol by 294.0% in the fourth 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 and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 126,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock worth $241,903,805 in the last 90 days. Company insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of APH stock opened at $85.70 on Thursday. The company has a market capitalization of $103.66 billion, a price-to-earnings ratio of 44.75, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.80. The company has a 50-day simple moving average of $69.43 and a 200 day simple moving average of $70.16.

Amphenol (NYSE:APH - Get Free Report) last posted its 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 company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The company's revenue was up 47.7% on a year-over-year basis. On average, sell-side analysts predict that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

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 given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APH shares. UBS Group restated a "buy" rating and set a $85.00 target price (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. TD Securities increased their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

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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