GAM Holding AG Grows Stake in Amphenol Corporation (NYSE:APH)

GAM Holding AG increased its position in Amphenol Corporation (NYSE:APH - Free Report) by 330.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,828 shares of the electronics maker's stock after purchasing an additional 75,125 shares during the quarter. GAM Holding AG's holdings in Amphenol were worth $6,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of APH. Norges Bank acquired a new stake in shares of Amphenol during the 4th quarter worth approximately $1,378,794,000. Bank of America Corp DE boosted its position in shares of Amphenol by 294.0% during 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 acquiring an additional 15,837,407 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Amphenol by 619.9% during the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock worth $487,130,000 after acquiring an additional 6,039,845 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock worth $503,975,000 after acquiring an additional 3,933,269 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 0.3%

NYSE APH traded up $0.31 during mid-day trading on Friday, reaching $93.78. 16,439,762 shares of the stock were exchanged, compared to its average volume of 7,576,986. Amphenol Corporation has a one year low of $54.77 and a one year high of $94.83. The stock has a 50 day simple moving average of $83.21 and a 200-day simple moving average of $73.63. The stock has a market cap of $113.44 billion, a P/E ratio of 45.53, a P/E/G ratio of 2.14 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36.

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

Amphenol Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on APH. The Goldman Sachs Group increased their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. 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 report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Robert W. Baird increased their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, UBS Group increased their price objective on shares of Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Insiders Place Their Bets

In related news, insider Luc Walter sold 286,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now directly owns 451,790 shares in the company, valued at approximately $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $10,115,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is currently owned by company insiders.

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.