Bridges Investment Management Inc. Buys 8,929 Shares of Amphenol Corporation (NYSE:APH)

Bridges Investment Management Inc. grew its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,155 shares of the electronics maker's stock after buying an additional 8,929 shares during the quarter. Bridges Investment Management Inc.'s holdings in Amphenol were worth $14,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. lifted 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 purchasing an additional 366 shares in the last quarter. OFI Invest Asset Management purchased a new position in Amphenol in the 4th quarter worth about $44,000. Global X Japan Co. Ltd. purchased a new stake in shares of Amphenol during the 1st quarter valued at about $44,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Amphenol during the 4th quarter valued at about $48,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $60,000. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling at Amphenol

In related news, insider William J. Doherty sold 160,000 shares of the business's 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 filing with the SEC, which is available through this link. Also, insider Luc Walter sold 390,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider directly owned 447,790 shares in the company, valued at approximately $33,991,738.90. The trade was a 46.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

Amphenol stock traded up $0.11 during mid-day trading on Thursday, hitting $98.32. The stock had a trading volume of 2,768,793 shares, compared to its average volume of 7,654,307. Amphenol Corporation has a one year low of $54.77 and a one year high of $99.99. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $118.93 billion, a P/E ratio of 47.76, a P/E/G ratio of 2.22 and a beta of 1.13. The firm's 50 day moving average is $90.45 and its 200 day moving average is $75.85.

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

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.67%. The ex-dividend date was Tuesday, June 17th. Amphenol's payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

A number of research firms have commented on APH. JPMorgan Chase & Co. lifted their target price 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. KGI Securities initiated coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Citigroup raised their price objective on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Evercore ISI increased their price target on shares of Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.

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.