Asset Management One Co. Ltd. Purchases 37,454 Shares of Amphenol Corporation (NYSE:APH)

Asset Management One Co. Ltd. lifted its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,709 shares of the electronics maker's stock after buying an additional 37,454 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Amphenol were worth $34,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. LaFleur & Godfrey LLC grew its position in shares of Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after buying an additional 825 shares during the period. Brighton Jones LLC grew its position in shares of 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 buying an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its stake in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. Howard Capital Management Inc. boosted its stake in Amphenol by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 7,458 shares of the electronics maker's stock worth $518,000 after purchasing an additional 382 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in Amphenol by 529.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 31,369 shares of the electronics maker's stock worth $2,179,000 after purchasing an additional 26,384 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were 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 in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president now owns 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last quarter. Company insiders own 1.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday. TD Securities upped their price target on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. UBS Group upped their price target on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research note on Thursday, April 24th. Finally, 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 note on Thursday, April 24th. 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Amphenol Stock Performance

APH traded up $0.03 during midday trading on Thursday, hitting $97.05. 12,473,052 shares of the company traded hands, compared to its average volume of 7,631,121. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $117.40 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.12. The company's 50-day moving average is $85.05 and its 200 day moving average is $74.09. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $97.98.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the business earned $0.40 EPS. The business's quarterly revenue was up 47.7% on a year-over-year basis. On average, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio (DPR) is presently 32.04%.

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.