Voleon Capital Management LP Invests $4.36 Million in Amphenol Co. (NYSE:APH)

Voleon Capital Management LP acquired a new position in Amphenol Co. (NYSE:APH) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 holdings in shares of Amphenol by 328.9% in the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares during the period. Sierra Ocean LLC purchased a new position in shares of Amphenol in the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the 4th quarter worth about $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% in the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after purchasing an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter valued at about $32,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent research reports. UBS Group reiterated a “buy” rating and issued a $85.00 target price (up previously from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. 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. 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. Citigroup increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group increased 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. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $82.58.

Amphenol Stock Performance

Amphenol stock opened at $76.64 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $79.39. The company has a fifty day moving average price of $65.80 and a two-hundred day moving average price of $69.13. The company has a market cap of $92.87 billion, a PE ratio of 40.02, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 annualized dividend and a yield of 0.86%. Amphenol’s payout ratio is 32.04%.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This 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 accessible through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer now owns 100,000 shares of the company’s stock, valued at $7,593,000. This represents a 80.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock worth $224,785,900 over the last 90 days. Insiders own 1.67% of the company’s stock.

About Amphenol

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.