Alta Capital Management LLC Has $46.31 Million Position in Amphenol Corporation (NYSE:APH)

Alta Capital Management LLC lessened its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 706,053 shares of the electronics maker's stock after selling 13,787 shares during the quarter. Amphenol makes up approximately 3.0% of Alta Capital Management LLC's portfolio, making the stock its 10th largest holding. Alta Capital Management LLC owned 0.06% of Amphenol worth $46,310,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the last quarter. FMR LLC lifted its stake in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Geode Capital Management LLC grew its stake in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after buying an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction dated 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 transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 126,000 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock valued at $294,839,785 over the last three months. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

APH has been the topic of several research analyst reports. US Capital Advisors set a $85.00 price target on Amphenol in a research report on Thursday, April 24th. Robert W. Baird lifted their price target on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen lowered Amphenol from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, Citigroup increased their price target on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Price Performance

NYSE:APH traded up $0.31 on Friday, reaching $93.78. The stock had a trading volume of 16,439,762 shares, compared to its average volume of 7,603,007. The company has a market capitalization of $113.44 billion, a P/E ratio of 45.53, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The stock has a fifty day moving average price of $82.64 and a 200-day moving average price of $73.50. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $94.83.

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 for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion during the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business's revenue was up 47.7% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.70%. Amphenol's payout ratio is 32.04%.

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.