Rafferty Asset Management LLC Cuts Stock Position in Amphenol Co. (NYSE:APH)

Rafferty Asset Management LLC lowered its stake in Amphenol Co. (NYSE:APHFree Report) by 0.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 413,593 shares of the electronics maker’s stock after selling 310 shares during the period. Rafferty Asset Management LLC’s holdings in Amphenol were worth $28,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tacita Capital Inc boosted its stake in Amphenol by 328.9% during 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 during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol during the 4th quarter valued at $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol during the 4th quarter valued at $28,000. Rakuten Securities Inc. boosted its stake in Amphenol by 703.8% during 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 during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $85.82 on Friday. Amphenol Co. has a one year low of $54.77 and a one year high of $86.80. The stock’s fifty day moving average is $69.91 and its 200 day moving average is $70.28. The stock has a market cap of $103.81 billion, a P/E ratio of 44.81, a P/E/G 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 (NYSE:APHGet Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS 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 for the quarter, compared to analysts’ expectations of $4.20 billion. During the same period last year, the firm earned $0.40 EPS. Amphenol’s revenue for the quarter was up 47.7% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. Amphenol’s dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. Finally, TD Securities raised their price target on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Five research 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 company’s stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $81.62.

Check Out Our Latest Stock Report on Amphenol

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 126,000 shares of the firm’s 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. In the last three months, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is owned by company insiders.

Amphenol Profile

(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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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