Boothbay Fund Management LLC Has $14.10 Million Holdings in Amphenol Co. (NYSE:APH)

Boothbay Fund Management LLC decreased its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 202,980 shares of the electronics maker's stock after selling 15,552 shares during the period. Boothbay Fund Management LLC's holdings in Amphenol were worth $14,097,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Amphenol in the third quarter worth approximately $582,000. Wilmington Savings Fund Society FSB bought a new position in Amphenol during the third quarter valued at about $2,277,000. Tidal Investments LLC boosted its stake in Amphenol by 464.6% during the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker's stock valued at $25,808,000 after buying an additional 325,912 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Amphenol in the third quarter worth about $9,614,000. Finally, Principal Financial Group Inc. lifted its holdings in Amphenol by 73.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker's stock valued at $168,851,000 after acquiring an additional 1,101,368 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on APH shares. Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Citigroup lifted 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. UBS Group reiterated a "buy" rating and set a $85.00 price objective (up previously from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Finally, Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.58.

Amphenol Stock Up 1.0 %

Amphenol stock traded up $0.76 during mid-day trading on Tuesday, hitting $76.64. The company's stock had a trading volume of 5,442,566 shares, compared to its average volume of 7,460,297. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $79.39. The firm's 50 day moving average is $65.65 and its 200 day moving average is $69.08. The company has a market cap of $92.87 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same period last year, the company posted $0.40 earnings per share. The firm's quarterly revenue was up 47.7% compared to the same quarter last year. On average, analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, March 18th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 400,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the sale, the chief financial officer now owns 100,000 shares of the company's stock, valued at approximately $7,593,000. The trade was a 80.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. The trade was a 77.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,965,000 shares of company stock worth $224,785,900. Corporate insiders own 1.67% of the company's stock.

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.