Amphenol Co. (NYSE:APH) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. increased its position in shares of Amphenol Co. (NYSE:APH) by 102.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,664 shares of the electronics maker’s stock after acquiring an additional 71,184 shares during the quarter. Amphenol accounts for about 2.6% of Point72 Asia Singapore Pte. Ltd.’s holdings, making the stock its 5th largest position. Point72 Asia Singapore Pte. Ltd.’s holdings in Amphenol were worth $9,769,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in APH. Norges Bank acquired a new stake in Amphenol during the 4th quarter valued at $1,378,794,000. Bank of America Corp DE raised its position in Amphenol by 294.0% during 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 buying an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Amphenol by 36.8% during the 4th 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 acquiring an additional 15,837,407 shares during the period. Wellington Management Group LLP increased its holdings in shares of Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after purchasing an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC grew its position in Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock valued at $503,975,000 after purchasing an additional 3,933,269 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APH. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a research note on Thursday, April 24th. Truist Financial boosted their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Finally, Citigroup upped their target price on Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a research 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $81.62.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 400,000 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer now owns 100,000 shares of the company’s stock, valued at approximately $7,593,000. This represents a 80.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D’amico sold 175,000 shares of Amphenol stock in a transaction that occurred on 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 owns 51,400 shares of the company’s stock, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock worth $241,903,805 over the last three months. Company insiders own 1.67% of the company’s stock.

Amphenol Price Performance

NYSE:APH opened at $85.70 on Thursday. 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 has a 50-day moving average of $69.43 and a 200-day moving average of $70.16. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.80. 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.

Amphenol (NYSE:APH) last announced its quarterly 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 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 analysts’ expectations of $4.20 billion. During the same quarter last year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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. This represents a $0.66 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio is 32.04%.

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.