907,535 Shares in Amphenol Co. (NYSE:APH) Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. acquired a new position in shares of Amphenol Co. (NYSE:APH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 907,535 shares of the electronics maker’s stock, valued at approximately $61,141,000. Amphenol makes up approximately 1.2% of Maverick Capital Ltd.’s investment portfolio, making the stock its 28th biggest holding. Maverick Capital Ltd. owned approximately 0.08% of Amphenol at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. MBB Public Markets I LLC acquired a new position in Amphenol in the 2nd quarter valued at approximately $5,850,000. Dark Forest Capital Management LP increased its position in Amphenol by 140.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 18,013 shares of the electronics maker’s stock valued at $1,214,000 after acquiring an additional 10,528 shares during the period. Decatur Capital Management Inc. increased its position in Amphenol by 104.9% in the 2nd quarter. Decatur Capital Management Inc. now owns 35,262 shares of the electronics maker’s stock valued at $2,376,000 after acquiring an additional 18,056 shares during the period. Dundas Partners LLP increased its position in Amphenol by 55.3% in the 2nd quarter. Dundas Partners LLP now owns 617,382 shares of the electronics maker’s stock valued at $41,593,000 after acquiring an additional 219,875 shares during the period. Finally, Element Pointe Advisors LLC increased its position in Amphenol by 100.0% in the 2nd quarter. Element Pointe Advisors LLC now owns 3,628 shares of the electronics maker’s stock valued at $244,000 after acquiring an additional 1,814 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on APH shares. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Truist Financial upped their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. UBS Group upped their price objective on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird reduced their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, TD Cowen upped their price objective on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $65.04.

Amphenol Stock Up 0.6 %

Shares of NYSE APH opened at $65.72 on Friday. The firm has a market cap of $78.94 billion, a PE ratio of 40.32, a P/E/G ratio of 2.59 and a beta of 1.24. Amphenol Co. has a 12-month low of $39.34 and a 12-month high of $70.84. The company’s fifty day simple moving average is $63.99 and its 200 day simple moving average is $63.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.00%. Amphenol’s payout ratio is 40.49%.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Insiders own 1.80% 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.