Cetera Investment Advisers Boosts Stake in Amphenol Corporation (NYSE:APH)

Cetera Investment Advisers lifted its stake in Amphenol Corporation (NYSE:APH - Free Report) by 12.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,059 shares of the electronics maker's stock after buying an additional 22,121 shares during the period. Cetera Investment Advisers' holdings in Amphenol were worth $13,384,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC grew its position in 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 acquiring an additional 4,721 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Amphenol during the 4th quarter worth approximately $1,086,000. Brown Brothers Harriman & Co. grew its position in Amphenol by 131.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,154 shares of the electronics maker's stock worth $80,000 after acquiring an additional 656 shares during the last quarter. Finally, RWA Wealth Partners LLC grew its position in Amphenol by 9.8% during the 4th quarter. RWA Wealth Partners LLC now owns 20,217 shares of the electronics maker's stock worth $1,404,000 after acquiring an additional 1,798 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Down 2.1%

Shares of APH stock traded down $2.22 during trading hours on Friday, reaching $104.29. The company had a trading volume of 8,736,054 shares, compared to its average volume of 8,572,296. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $108.85. The company has a 50 day moving average of $96.62 and a 200 day moving average of $79.39. The firm has a market cap of $127.33 billion, a price-to-earnings ratio of 41.55, a P/E/G ratio of 1.76 and a beta of 1.13.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is 26.29%.

Insider Buying and Selling

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president owned 152,412 shares of the company's stock, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total transaction of $8,909,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,113,625. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 586,000 shares of company stock worth $52,935,980 in the last quarter. Insiders own 1.67% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on APH. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. TD Securities upped their price objective on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Finally, KGI Securities began coverage on Amphenol in a report on Thursday, June 26th. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Amphenol currently has an average rating of "Moderate Buy" and a consensus price target 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.