GF Fund Management CO. LTD. Takes $578,000 Position in Amphenol Corporation (NYSE:APH)

GF Fund Management CO. LTD. bought a new stake in Amphenol Corporation (NYSE:APH) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,811 shares of the electronics maker’s stock, valued at approximately $578,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at about $28,000. Rakuten Securities Inc. boosted its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Amphenol in the fourth quarter valued at about $44,000. Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol in the first quarter valued at about $44,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in Amphenol during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of research analyst reports. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Evercore ISI boosted their price objective on shares of Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. TD Securities boosted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, UBS Group upped their price target on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the completion of the sale, the chief financial officer directly owned 100,000 shares in the company, valued at $7,593,000. The trade was a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock valued at $294,839,785 over the last quarter. Company insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $99.36 on Friday. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The company has a 50 day moving average price of $89.15 and a 200 day moving average price of $75.27. The firm has a market capitalization of $120.19 billion, a price-to-earnings ratio of 48.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Amphenol’s revenue for the quarter was up 47.7% on a year-over-year basis. Sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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