First Hawaiian Bank Lowers Position in Amphenol Co. (NYSE:APH)

First Hawaiian Bank decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 10.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 56,239 shares of the electronics maker's stock after selling 6,809 shares during the period. First Hawaiian Bank's holdings in Amphenol were worth $3,689,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Tacita Capital Inc boosted its position in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock valued at $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol in the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. boosted its position in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management purchased a new stake in Amphenol in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent research reports. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. upped their target price on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. UBS Group boosted their price target on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday. TD Securities boosted their price target on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Robert W. Baird boosted their price target on Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average price target of $84.38.

Amphenol Price Performance

Shares of NYSE:APH traded up $0.85 during midday trading on Friday, reaching $89.77. 21,458,563 shares of the company's stock traded hands, compared to its average volume of 7,529,426. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $89.98. The company has a market cap of $108.59 billion, a P/E ratio of 46.88, a PEG ratio of 1.92 and a beta of 1.10. 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 company has a fifty day simple moving average of $74.71 and a two-hundred day simple moving average of $71.53.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm posted $0.40 EPS. The business's revenue was up 47.7% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm 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 of this dividend is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. Amphenol's dividend payout ratio (DPR) is 32.04%.

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 51,400 shares of the company's stock, valued at $3,920,792. This trade represents a 77.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's 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 sale, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,218,500 shares of company stock valued at $245,455,405. 1.67% of the stock is owned by insiders.

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.