GSA Capital Partners LLP reduced its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 89.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 3,312 shares of the electronics maker’s stock after selling 27,973 shares during the period. GSA Capital Partners LLP’s holdings in Amphenol were worth $410,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in APH. Financial Management Professionals Inc. increased its position in Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 90 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Amphenol in the third quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. raised its stake in shares of 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 purchasing an additional 168 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Amphenol during the second quarter worth $26,000. Finally, Evolution Wealth Management Inc. purchased a new position in Amphenol in the 2nd quarter valued at $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.
Amphenol Price Performance
APH stock opened at $152.57 on Thursday. The firm has a 50 day moving average of $144.28 and a 200-day moving average of $132.48. The company has a market cap of $187.54 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 1.60 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $167.04.
Amphenol Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 23rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s payout ratio is currently 29.94%.
Insider Transactions at Amphenol
In other news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total transaction of $11,360,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 515,281 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their position. The SEC filing for this sale provides additional information. 1.67% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
APH has been the subject of a number of analyst reports. Evercore restated an “outperform” rating and set a $165.00 price objective on shares of Amphenol in a research report on Tuesday, January 20th. Barclays restated an “overweight” rating and issued a $175.00 price objective (up from $156.00) on shares of Amphenol in a research report on Thursday, January 29th. US Capital Advisors set a $165.00 target price on Amphenol in a research report on Friday, January 9th. UBS Group reissued a “buy” rating and set a $174.00 target price (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Finally, Fox Advisors restated an “outperform” rating on shares of Amphenol in a research note on Friday, January 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.38.
View Our Latest Research Report on APH
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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