Ransom Advisory Ltd acquired a new position in Amphenol Corporation (NYSE:APH – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 500 shares of the electronics maker’s stock, valued at approximately $33,000.
A number of other large investors have also modified their holdings of the company. Glenview Trust co increased its holdings in shares of Amphenol by 2.9% in the 1st quarter. Glenview Trust co now owns 15,275 shares of the electronics maker’s stock worth $1,002,000 after acquiring an additional 437 shares during the period. Advisory Alpha LLC increased its holdings in shares of Amphenol by 5.1% in the 1st quarter. Advisory Alpha LLC now owns 12,218 shares of the electronics maker’s stock worth $801,000 after acquiring an additional 590 shares during the period. SCS Capital Management LLC acquired a new stake in shares of Amphenol in the 1st quarter worth about $364,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after buying an additional 7,573,750 shares in the last quarter. Finally, Woodline Partners LP grew its position in Amphenol by 10,042.3% in the 1st quarter. Woodline Partners LP now owns 457,723 shares of the electronics maker’s stock valued at $30,022,000 after buying an additional 453,210 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Price Performance
APH stock opened at $119.62 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a one year low of $56.45 and a one year high of $120.80. The firm has a market capitalization of $146.05 billion, a PE ratio of 47.66, a P/E/G ratio of 1.91 and a beta of 1.15. The firm has a 50-day moving average of $107.06 and a two-hundred day moving average of $87.68.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol’s dividend payout ratio is 26.29%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on APH shares. Citigroup increased their target price on shares of Amphenol from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group reiterated a “buy” rating on shares of Amphenol in a research report on Friday, July 11th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research report on Friday, July 11th. KGI Securities started coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a “hold” rating for the company. Finally, Truist Financial increased their target price on shares of Amphenol from $102.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $105.62.
Read Our Latest Stock Analysis on Amphenol
Insider Activity at Amphenol
In other news, VP Lance E. D’amico sold 100,000 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company’s stock, valued at $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock valued at $73,369,357 over the last ninety days. 1.67% of the stock is owned by company insiders.
Amphenol Company 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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