Coldstream Capital Management Inc. Raises Holdings in Amphenol Co. (NYSE:APH)

Coldstream Capital Management Inc. boosted its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,131 shares of the electronics maker's stock after acquiring an additional 3,574 shares during the period. Coldstream Capital Management Inc.'s holdings in Amphenol were worth $2,023,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of APH. Snyder Capital Management L P increased its holdings in shares of Amphenol by 7.5% during the fourth quarter. Snyder Capital Management L P now owns 2,032,085 shares of the electronics maker's stock valued at $141,128,000 after acquiring an additional 141,285 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in Amphenol by 19.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 579,335 shares of the electronics maker's stock valued at $40,235,000 after purchasing an additional 93,191 shares in the last quarter. Voya Investment Management LLC raised its holdings in Amphenol by 25.6% in the fourth quarter. Voya Investment Management LLC now owns 4,809,203 shares of the electronics maker's stock worth $333,999,000 after buying an additional 980,319 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Amphenol by 23.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 12,783 shares of the electronics maker's stock worth $888,000 after buying an additional 2,441 shares in the last quarter. Finally, Burling Wealth Partners LLC purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $214,000. Institutional investors own 97.01% of the company's stock.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. This trade represents a 49.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D'amico sold 175,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $76.28, for a total value of $13,349,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,920,792. This represents a 77.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,965,000 shares of company stock valued at $224,785,900 over the last three months. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Performance

Shares of APH stock traded up $2.13 during mid-day trading on Friday, reaching $80.76. 7,706,737 shares of the company's stock traded hands, compared to its average volume of 7,471,520. 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 firm has a market capitalization of $97.69 billion, a PE ratio of 42.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $81.00. The firm has a 50 day moving average price of $66.53 and a two-hundred day moving average price of $69.39.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Amphenol's payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

Several analysts have commented on APH shares. The Goldman Sachs Group increased their target price on Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Bank of America lifted their price objective on Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research note on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. Finally, TD Securities raised their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday. Five 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

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.