Siemens Fonds Invest GmbH Sells 65,424 Shares of Amphenol Co. (NYSE:APH)

Siemens Fonds Invest GmbH cut its holdings in Amphenol Co. (NYSE:APH) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,910 shares of the electronics maker’s stock after selling 65,424 shares during the period. Siemens Fonds Invest GmbH’s holdings in Amphenol were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% during the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the fourth quarter valued at about $28,000. Rakuten Securities Inc. increased its position in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after buying an additional 366 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Amphenol during the fourth quarter valued at about $32,000. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other news, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP David M. Silverman sold 87,500 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares in the company, valued at $1,000,375. This represents a 87.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock worth $241,903,805 over the last 90 days. 1.67% of the stock is currently owned by insiders.

Amphenol Trading Up 1.1%

NYSE:APH opened at $86.89 on Monday. The company’s 50 day moving average price is $70.41 and its 200-day moving average price is $70.44. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.96. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $105.10 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s payout ratio is 32.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APH. TD Securities boosted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Robert W. Baird boosted their price target on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Citigroup upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Finally, UBS Group restated a “buy” rating and issued a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.62.

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.