Voleon Capital Management LP Purchases New Position in Amphenol Co. (NYSE:APH)

Voleon Capital Management LP acquired a new stake in Amphenol Co. (NYSE:APH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,700 shares of the electronics maker's stock, valued at approximately $4,355,000.

Other large investors also recently modified their holdings of the company. Tacita Capital Inc raised its position in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in Amphenol during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Amphenol in the 4th quarter worth about $28,000. Rakuten Securities Inc. raised its stake in shares of Amphenol by 703.8% in the 4th 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 during the fourth quarter worth about $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of NYSE:APH traded up $2.13 during trading hours on Friday, hitting $80.76. 7,706,737 shares of the company's stock traded hands, compared to its average volume of 7,467,869. 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's fifty day simple moving average is $66.53 and its two-hundred day simple moving average is $69.37. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $81.00. The company has a market cap of $97.69 billion, a price-to-earnings ratio of 42.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.

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 (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, equities analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal 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 paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. Amphenol's dividend payout ratio is currently 32.04%.

Insiders Place Their Bets

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. The trade was a 46.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,965,000 shares of company stock worth $224,785,900. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Bank of America lifted their target price on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Robert W. Baird increased their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group upped their target price on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.