ProShare Advisors LLC decreased its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,286 shares of the electronics maker’s stock after selling 21,171 shares during the quarter. ProShare Advisors LLC’s holdings in Amphenol were worth $42,482,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. boosted its stake in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in shares of Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 90 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Amphenol during the 2nd quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in shares of Amphenol in the third quarter valued at about $30,000. Finally, Evolution Wealth Management Inc. acquired a new stake in Amphenol during the second quarter worth about $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.
Amphenol Trading Up 6.1%
Shares of NYSE APH opened at $144.49 on Tuesday. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $176.86 billion, a PE ratio of 43.26, a PEG ratio of 1.44 and a beta of 1.20. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $167.04. The stock has a fifty day simple moving average of $141.37 and a 200-day simple moving average of $129.20.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is 29.94%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Citigroup boosted their target price on shares of Amphenol from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and raised their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on Amphenol from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $151.38.
View Our Latest Stock Report on APH
Insider Activity at Amphenol
In other news, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total transaction of $11,360,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.67% of the stock is currently owned by company insiders.
About Amphenol
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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