Asio Capital LLC Has $3.54 Million Position in Amphenol Corporation (NYSE:APH)

Asio Capital LLC increased its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 35.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,979 shares of the electronics maker's stock after acquiring an additional 14,028 shares during the period. Asio Capital LLC's holdings in Amphenol were worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of APH. LaFleur & Godfrey LLC raised its holdings in Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after acquiring an additional 825 shares during the period. Brighton Jones LLC raised its position in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock valued at $1,224,000 after buying an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after buying an additional 4,721 shares during the period. Savant Capital LLC grew its position in Amphenol by 8.5% during the fourth quarter. Savant Capital LLC now owns 15,505 shares of the electronics maker's stock worth $1,077,000 after buying an additional 1,219 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC bought a new position in Amphenol during the fourth quarter valued at about $212,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on APH. Robert W. Baird raised their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen cut Amphenol from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. TD Securities raised their price objective on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

Amphenol Trading Up 0.6%

APH stock traded up $0.53 during trading on Wednesday, hitting $93.33. The company had a trading volume of 9,918,459 shares, compared to its average volume of 8,295,118. The firm has a 50-day moving average price of $81.51 and a 200-day moving average price of $73.22. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $94.83. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a market cap of $112.89 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 2.13 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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%. The firm's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. As a group, analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is presently 32.04%.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider now owns 451,790 shares in the company, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by company insiders.

About Amphenol

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.