Snowden Capital Advisors LLC Trims Holdings in Amphenol Co. (NYSE:APH)

Snowden Capital Advisors LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 59.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,624 shares of the electronics maker’s stock after selling 48,595 shares during the period. Snowden Capital Advisors LLC’s holdings in Amphenol were worth $2,341,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 purchasing an additional 2,108,578 shares in the last quarter. FMR LLC grew its stake in shares of Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 purchasing an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Amphenol by 2.7% in the fourth 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 increased its position in shares of Amphenol by 294.0% in 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 purchasing an additional 18,619,417 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Up 1.1%

Shares of Amphenol stock opened at $86.89 on Friday. 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 cap of $105.10 billion, a PE ratio of 45.37, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The business has a fifty day simple moving average of $70.41 and a 200 day simple moving average of $70.42. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $86.96.

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, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. 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 prior year, the company earned $0.40 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. Research analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, June 17th. Amphenol’s payout ratio is 32.04%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APH shares. Citigroup raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group increased their price objective on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Insiders Place Their Bets

In related news, insider William J. Doherty sold 126,000 shares of the business’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 87,500 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the transaction, the vice president now owns 12,500 shares in the company, valued at $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,178,500 shares of company stock valued at $241,903,805 in the last 90 days. 1.67% of the stock is currently owned by insiders.

About Amphenol

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.