Jacobs Levy Equity Management Inc. Has $25.79 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Jacobs Levy Equity Management Inc. lessened its stake in shares of Amphenol Co. (NYSE:APH) by 91.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 371,308 shares of the electronics maker’s stock after selling 3,931,907 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Amphenol were worth $25,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Tacita Capital Inc grew its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the fourth quarter worth $28,000. Rakuten Securities Inc. grew its stake in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol in the fourth quarter worth $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In other news, VP David M. Silverman sold 87,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the completion of the sale, the vice president now owns 12,500 shares of the company’s stock, valued at approximately $1,000,375. This represents a 87.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 in the last ninety days. 1.67% of the stock is owned by insiders.

Amphenol Stock Up 0.2%

Shares of NYSE:APH opened at $80.78 on Monday. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $84.70. 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’s fifty day moving average is $68.09 and its 200-day moving average is $69.84. The company has a market capitalization of $97.71 billion, a PE ratio of 42.18, a P/E/G ratio of 1.92 and a beta of 1.10.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS 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 company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The firm’s revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. Five investment 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Amphenol 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.