Oppenheimer Asset Management Inc. Buys 58,392 Shares of Amphenol Corporation (NYSE:APH)

Oppenheimer Asset Management Inc. boosted its position in Amphenol Corporation (NYSE:APH - Free Report) by 31.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 243,722 shares of the electronics maker's stock after purchasing an additional 58,392 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Amphenol were worth $15,986,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc raised its holdings in Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Rialto Wealth Management LLC bought a new position in shares of Amphenol during the fourth quarter valued at $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 366 shares in the last quarter. OFI Invest Asset Management bought a new position in shares of Amphenol during the fourth quarter valued at $44,000. Finally, Global X Japan Co. Ltd. bought a new position in shares of Amphenol during the first quarter valued at $44,000. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on APH shares. Wall Street Zen upgraded Amphenol from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group raised their price target on Amphenol from $85.00 to $106.00 and gave the company a "buy" rating in a report on Friday, May 30th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, The Goldman Sachs Group raised their price target on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Stock Performance

NYSE APH traded up $1.27 during trading hours on Wednesday, hitting $97.07. The company's stock had a trading volume of 6,227,297 shares, compared to its average volume of 7,611,752. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $97.41. The company's 50 day simple moving average is $85.05 and its two-hundred day simple moving average is $74.09. The company has a market cap of $117.42 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 2.18 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 released 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. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period last year, the company earned $0.40 EPS. As a group, sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid 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 0.68%. Amphenol's dividend payout ratio is currently 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the business'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 value of $151,460,000.00. Following the transaction, the chief executive officer now owns 2,002,507 shares of the company's stock, valued at approximately $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. Insiders sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last three months. 1.67% of the stock is currently owned by company 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.