Regency Capital Management Inc. DE trimmed its stake in Amphenol Corporation (NYSE:APH – Free Report) by 4.9% during the 4th quarter, HoldingsChannel reports. The fund owned 84,366 shares of the electronics maker’s stock after selling 4,346 shares during the quarter. Amphenol comprises 4.7% of Regency Capital Management Inc. DE’s holdings, making the stock its 6th biggest position. Regency Capital Management Inc. DE’s holdings in Amphenol were worth $11,401,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR lifted its holdings in shares of Amphenol by 20.2% during the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock valued at $11,767,000 after purchasing an additional 14,612 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Amphenol by 10.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 271,766 shares of the electronics maker’s stock valued at $33,631,000 after purchasing an additional 26,175 shares in the last quarter. Regents Gate Capital LLP lifted its holdings in shares of Amphenol by 54.8% during the third quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock valued at $11,992,000 after purchasing an additional 34,289 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in shares of Amphenol by 86.3% during the fourth quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock valued at $3,647,000 after purchasing an additional 12,502 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Amphenol by 2.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock valued at $371,704,000 after purchasing an additional 70,938 shares in the last quarter. 97.01% of the stock is owned by institutional investors.
Amphenol Stock Down 0.6%
Amphenol stock opened at $146.77 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The stock has a fifty day moving average of $136.82 and a 200 day moving average of $138.94. The stock has a market cap of $180.56 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Amphenol Corporation has a one year low of $91.06 and a one year high of $167.04.
Amphenol Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be given a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is presently 28.74%.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Rothschild & Co Redburn upped their price objective on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Barclays reiterated an “overweight” rating and set a $180.00 price objective (up from $175.00) on shares of Amphenol in a research report on Monday, May 4th. Truist Financial upped their price objective on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Evercore reiterated an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $215.00 price objective on shares of Amphenol in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $176.87.
Read Our Latest Stock Analysis on Amphenol
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 130,775 shares of company stock valued at $18,709,350 in the last three months. Corporate insiders own 1.42% of the company’s stock.
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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