Amphenol Corporation (NYSE:APH) Shares Sold by Choreo LLC

Choreo LLC lessened its stake in Amphenol Corporation (NYSE:APH - Free Report) by 20.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,348 shares of the electronics maker's stock after selling 9,085 shares during the quarter. Choreo LLC's holdings in Amphenol were worth $2,324,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in APH. Hughes Financial Services LLC acquired a new stake in Amphenol in the 1st quarter worth about $25,000. Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol during the first quarter worth approximately $44,000. Coppell Advisory Solutions LLC acquired a new position in Amphenol in the 4th quarter valued at $48,000. Colonial Trust Co SC lifted its holdings in Amphenol by 342.9% in the 4th quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker's stock valued at $60,000 after purchasing an additional 672 shares in the last quarter. Finally, West Branch Capital LLC acquired a new stake in Amphenol during the 1st quarter worth $57,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Up 0.5%

Shares of APH traded up $0.50 during midday trading on Friday, hitting $104.96. 7,303,018 shares of the stock were exchanged, compared to its average volume of 8,704,418. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 2.02. The firm has a market cap of $126.96 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.06 and a beta of 1.13. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $108.85. The stock has a fifty day simple moving average of $95.00 and a 200 day simple moving average of $78.46.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the firm earned $0.44 earnings per share. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. On average, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.63%. Amphenol's dividend payout ratio is presently 26.29%.

Insider Buying and Selling at Amphenol

In other Amphenol news, 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 value of $14,326,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the transaction, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 799,500 shares of company stock worth $70,053,885. 1.67% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APH. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday. TD Securities raised their target price on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research note on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Finally, KGI Securities assumed coverage on shares of Amphenol in a research note on Thursday, June 26th. They issued a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.23.

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.