HighPoint Advisor Group LLC Grows Stock Holdings in Amphenol Corporation (NYSE:APH)

HighPoint Advisor Group LLC boosted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 18.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,715 shares of the electronics maker's stock after buying an additional 3,195 shares during the period. HighPoint Advisor Group LLC's holdings in Amphenol were worth $1,359,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in APH. FMR LLC lifted its holdings in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Amphenol by 36.8% in the fourth 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 in the last quarter. Geode Capital Management LLC increased its stake in Amphenol by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock valued at $1,754,672,000 after acquiring an additional 659,560 shares during the last quarter. Bank of America Corp DE boosted its position in Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after buying an additional 18,619,417 shares during the period. Finally, Norges Bank bought a new position in shares of Amphenol during the fourth quarter valued at about $1,378,794,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on APH. KGI Securities assumed coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. Robert W. Baird upped their target price on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. UBS Group restated a "buy" rating and set a $115.00 target price (up previously from $106.00) on shares of Amphenol in a report on Monday, July 14th. Finally, Evercore ISI upped their price target on Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Amphenol has a consensus rating of "Moderate Buy" and a consensus price target of $94.07.

Amphenol Price Performance

NYSE:APH traded down $1.74 during trading hours on Tuesday, hitting $101.97. 8,821,217 shares of the company's stock traded hands, compared to its average volume of 7,642,631. The firm has a market cap of $123.35 billion, a P/E ratio of 49.50, a P/E/G ratio of 2.09 and a beta of 1.13. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $104.30. The business's fifty day simple moving average is $93.26 and its two-hundred day simple moving average is $77.39. 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 (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS 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 business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period last year, the business posted $0.40 earnings per share. Amphenol's quarterly revenue was up 47.7% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Insider Buying and Selling

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Insiders sold 3,764,500 shares of company stock worth $294,839,785 over the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Company 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.