Silvercrest Asset Management Group LLC Has $4.32 Million Position in Amphenol Co. (NYSE:APH)

Silvercrest Asset Management Group LLC lessened its position in Amphenol Co. (NYSE:APH) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 62,210 shares of the electronics maker’s stock after selling 772 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Amphenol were worth $4,320,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raiffeisen Bank International AG acquired a new stake in Amphenol in the 4th quarter valued at approximately $13,847,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Amphenol by 102.5% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 140,664 shares of the electronics maker’s stock valued at $9,769,000 after purchasing an additional 71,184 shares in the last quarter. Point72 Hong Kong Ltd grew its stake in Amphenol by 27.7% in the fourth quarter. Point72 Hong Kong Ltd now owns 232,279 shares of the electronics maker’s stock valued at $16,132,000 after purchasing an additional 50,365 shares in the last quarter. Polar Asset Management Partners Inc. grew its stake in Amphenol by 86.7% in the fourth quarter. Polar Asset Management Partners Inc. now owns 352,752 shares of the electronics maker’s stock valued at $24,499,000 after purchasing an additional 163,764 shares in the last quarter. Finally, Polar Capital Holdings Plc grew its stake in Amphenol by 23.4% in the fourth quarter. Polar Capital Holdings Plc now owns 2,991,081 shares of the electronics maker’s stock valued at $207,731,000 after purchasing an additional 567,826 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction on Friday, April 25th. The stock was 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 of the company’s stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the business’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer now directly owns 100,000 shares of the company’s stock, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 in the last three months. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

APH opened at $86.27 on Tuesday. The business has a fifty day simple moving average of $70.88 and a 200 day simple moving average of $70.57. The company has a market capitalization of $104.35 billion, a PE ratio of 45.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $86.96. 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 (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Research analysts expect that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.77%. Amphenol’s dividend payout ratio is presently 32.04%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. US Capital Advisors set a $85.00 price target on Amphenol in a research note on Thursday, April 24th. UBS Group restated a “buy” rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group lifted their target price on Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $81.62.

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.