Amphenol Co. (NYSE:APH) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 4.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,920 shares of the electronics maker’s stock after acquiring an additional 2,514 shares during the period. Assenagon Asset Management S.A.’s holdings in Amphenol were worth $4,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the last quarter. FMR LLC grew its stake in Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock worth $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC grew its stake in Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after buying an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were 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 directly owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. TD Securities raised their price target on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, May 1st. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. Finally, Evercore ISI lifted their target price on Amphenol from $88.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Amphenol Stock Performance

Shares of APH opened at $92.38 on Monday. The company has a 50-day simple moving average of $80.32 and a 200-day simple moving average of $72.94. 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 company has a market capitalization of $111.75 billion, a PE ratio of 48.24, a P/E/G ratio of 1.92 and a beta of 1.12. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $94.83.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 47.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. Equities research analysts predict that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.71%. Amphenol’s dividend payout ratio is presently 32.04%.

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.