China Universal Asset Management Co. Ltd. Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

China Universal Asset Management Co. Ltd. lessened its holdings in Amphenol Co. (NYSE:APH) by 3.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 75,200 shares of the electronics maker’s stock after selling 3,000 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Amphenol were worth $5,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new position in shares of Amphenol during the 4th quarter worth $144,000. Caprock Group LLC lifted its position in Amphenol by 3.5% during the fourth quarter. Caprock Group LLC now owns 31,958 shares of the electronics maker’s stock valued at $2,225,000 after purchasing an additional 1,074 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in Amphenol by 1.9% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 91,347 shares of the electronics maker’s stock valued at $6,344,000 after purchasing an additional 1,681 shares during the period. Fortune Financial Advisors LLC increased its position in Amphenol by 2.0% in the fourth quarter. Fortune Financial Advisors LLC now owns 22,247 shares of the electronics maker’s stock worth $1,545,000 after buying an additional 433 shares in the last quarter. Finally, Mediolanum International Funds Ltd raised its stake in shares of Amphenol by 12.4% in the fourth quarter. Mediolanum International Funds Ltd now owns 84,861 shares of the electronics maker’s stock worth $5,883,000 after buying an additional 9,345 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE:APH opened at $70.75 on Friday. The firm has a fifty day simple moving average of $71.89 and a two-hundred day simple moving average of $68.00. Amphenol Co. has a 52 week low of $50.48 and a 52 week high of $79.39. 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 stock has a market capitalization of $85.29 billion, a P/E ratio of 36.94, a PEG ratio of 2.13 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 29.8% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 2.25 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, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. Amphenol’s dividend payout ratio is presently 34.46%.

Analyst Ratings Changes

A number of equities research analysts have commented on APH shares. Robert W. Baird raised their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the sale, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $1,005,340. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 over the last three months. 1.80% of the stock is owned by company insiders.

Amphenol Company 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.