Amphenol Co. (NYSE:APH) Stock Position Decreased by AlphaCore Capital LLC

AlphaCore Capital LLC lowered its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,408 shares of the electronics maker's stock after selling 3,985 shares during the quarter. AlphaCore Capital LLC's holdings in Amphenol were worth $2,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LaFleur & Godfrey LLC grew its holdings in shares of Amphenol by 1.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after purchasing an additional 825 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Amphenol by 1.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 292,194 shares of the electronics maker's stock worth $20,293,000 after purchasing an additional 4,956 shares during the period. Brighton Jones LLC boosted its holdings in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in Amphenol by 2.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 7,592 shares of the electronics maker's stock worth $527,000 after acquiring an additional 200 shares during the period. Finally, Private Capital Advisors Inc. purchased a new position in Amphenol in the 4th quarter worth approximately $16,596,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction on Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the completion of the transaction, the chief financial officer now owns 100,000 shares of the company's stock, valued at $7,593,000. This trade represents a 80.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock valued at $241,903,805 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of NYSE:APH traded up $2.73 on Tuesday, hitting $88.28. The company's stock had a trading volume of 7,492,159 shares, compared to its average volume of 7,496,350. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $88.54. The company has a market capitalization of $106.78 billion, a price-to-earnings ratio of 46.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The stock's 50-day moving average is $73.05 and its two-hundred day moving average is $71.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

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, topping 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 company had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.75%. Amphenol's dividend payout ratio is currently 32.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. TD Securities upped their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $85.00 target price (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Citigroup increased their target price on Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $82.77.

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.