54,965 Shares in Amphenol Corporation (NYSE:APH) Purchased by Wakefield Asset Management LLLP

Wakefield Asset Management LLLP bought a new stake in Amphenol Corporation (NYSE:APH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,965 shares of the electronics maker's stock, valued at approximately $3,606,000. Amphenol comprises approximately 1.1% of Wakefield Asset Management LLLP's portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in shares of Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after buying an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in Amphenol in the fourth quarter worth approximately $13,847,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Amphenol by 46.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock worth $4,589,000 after purchasing an additional 22,293 shares in the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Amphenol by 14.4% during the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after buying an additional 568 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after buying an additional 2,514 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 1.7%

APH opened at $101.97 on Wednesday. The company's 50 day simple moving average is $93.26 and its two-hundred day simple moving average is $77.39. The firm has a market capitalization of $123.35 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $109.37.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the company posted $0.40 EPS. The company's quarterly revenue was up 47.7% compared to the same quarter last year. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were given a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.65%. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup increased their target price on Amphenol from $100.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research report on Thursday, April 24th. Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and issued a $115.00 price objective (up from $106.00) on shares of Amphenol in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $94.07.

Insider Transactions at Amphenol

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock valued at $294,839,785. Insiders own 1.67% of the company's stock.

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.

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