Bridges Investment Management Inc. raised its position in Amphenol Corporation (NYSE:APH - Free Report) by 4.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,155 shares of the electronics maker's stock after acquiring an additional 8,929 shares during the quarter. Bridges Investment Management Inc.'s holdings in Amphenol were worth $14,243,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of APH. Adell Harriman & Carpenter Inc. boosted its position in shares of Amphenol by 2.5% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 5,936 shares of the electronics maker's stock worth $389,000 after buying an additional 143 shares in the last quarter. Fullcircle Wealth LLC increased its stake in shares of Amphenol by 1.3% during the 1st quarter. Fullcircle Wealth LLC now owns 11,806 shares of the electronics maker's stock valued at $774,000 after acquiring an additional 151 shares during the last quarter. Values First Advisors Inc. increased its stake in shares of Amphenol by 0.5% during the 1st quarter. Values First Advisors Inc. now owns 28,840 shares of the electronics maker's stock valued at $1,895,000 after acquiring an additional 157 shares during the last quarter. Conning Inc. increased its stake in shares of Amphenol by 1.8% during the 1st quarter. Conning Inc. now owns 9,091 shares of the electronics maker's stock valued at $596,000 after acquiring an additional 159 shares during the last quarter. Finally, Optimum Investment Advisors increased its stake in shares of Amphenol by 4.0% during the 1st quarter. Optimum Investment Advisors now owns 4,227 shares of the electronics maker's stock valued at $277,000 after acquiring an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. increased 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. Citigroup increased their target price on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Fox Advisors raised shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research report on Thursday, April 24th. Finally, US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.
View Our Latest Stock Analysis on Amphenol
Insider Activity at Amphenol
In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm'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 transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.93, for a total transaction of $30,372,000.00. Following the transaction, the chief financial officer directly owned 100,000 shares of the company's stock, valued at $7,593,000. This represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,764,500 shares of company stock worth $294,839,785. Insiders own 1.67% of the company's stock.
Amphenol Price Performance
NYSE:APH traded up $0.45 during mid-day trading on Friday, reaching $98.76. 712,591 shares of the company were exchanged, compared to its average volume of 7,644,026. Amphenol Corporation has a 12 month low of $54.77 and a 12 month high of $99.99. The company has a fifty day moving average of $90.84 and a 200 day moving average of $76.04. 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 $119.46 billion, a PE ratio of 47.96, a PEG ratio of 2.24 and a beta of 1.13.
Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company's revenue was up 47.7% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.67%. Amphenol's payout ratio is presently 32.04%.
Amphenol Profile
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Free Report)
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.
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