Worldquant Millennium Advisors LLC Invests $19.38 Million in Amphenol Co. (NYSE:APH)

Worldquant Millennium Advisors LLC bought a new position in shares of Amphenol Co. (NYSE:APH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 279,061 shares of the electronics maker’s stock, valued at approximately $19,381,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 acquiring an additional 2,108,578 shares during the period. FMR LLC raised its position 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 buying an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after buying an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock valued at $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APH shares. TD Securities lifted their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Robert W. Baird raised their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group raised their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $81.62.

Amphenol Stock Performance

Shares of Amphenol stock opened at $86.26 on Wednesday. Amphenol Co. has a one year low of $54.77 and a one year high of $86.96. The company has a market cap of $104.34 billion, a PE ratio of 45.04, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The business has a 50-day simple moving average of $71.37 and a 200-day simple moving average of $70.68.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company 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 $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is currently 32.04%.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 175,000 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 87,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the sale, the vice president now owns 12,500 shares of the company’s stock, valued at $1,000,375. This trade represents a 87.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by insiders.

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.