Cambridge Investment Research Advisors Inc. Raises Holdings in Amphenol Corporation (NYSE:APH)

Cambridge Investment Research Advisors Inc. raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,958 shares of the electronics maker's stock after buying an additional 22,293 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Amphenol were worth $4,589,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Raiffeisen Bank International AG acquired a new position in Amphenol during the fourth quarter worth about $13,847,000. Assenagon Asset Management S.A. lifted its stake in Amphenol by 4.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock worth $4,061,000 after purchasing an additional 2,514 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Amphenol by 87.9% during 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 during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $60,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Amphenol by 21.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 243,765 shares of the electronics maker's stock valued at $15,989,000 after purchasing an additional 42,669 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. Citigroup upped their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Robert W. Baird raised their price objective on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Amphenol from a "hold" rating to a "buy" rating in a report on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Trading Up 1.2%

Shares of Amphenol stock traded up $1.18 on Monday, reaching $98.85. The company had a trading volume of 8,247,340 shares, compared to its average volume of 7,615,275. The firm's 50 day moving average price is $86.34 and its two-hundred day moving average price is $74.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $99.62. The firm has a market cap of $119.57 billion, a PE ratio of 47.99, a PEG ratio of 2.23 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm's revenue for the quarter was up 47.7% on a year-over-year basis. Sell-side analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date is Tuesday, June 17th. Amphenol's payout ratio is 32.04%.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 390,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the sale, the insider directly owned 447,790 shares in the company, valued at $33,991,738.90. This represents a 46.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 160,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.54, for a total transaction of $14,326,400.00. 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 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.