Cypress Advisory Group LLC Purchases Shares of 10,660 Amphenol Co. (NYSE:APH)

Cypress Advisory Group LLC acquired a new position in Amphenol Co. (NYSE:APH - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,660 shares of the electronics maker's stock, valued at approximately $699,000.

A number of other large investors also recently modified their holdings of the company. LaFleur & Godfrey LLC grew its holdings in Amphenol by 1.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock valued at $3,945,000 after purchasing an additional 825 shares in the last quarter. Brighton Jones LLC boosted its position in Amphenol by 114.0% in the 4th 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 grew its stake in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Amphenol by 1.4% during the fourth quarter. Van ECK Associates Corp now owns 221,621 shares of the electronics maker's stock worth $15,392,000 after acquiring an additional 2,964 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Amphenol by 9.9% in the fourth quarter. Blue Trust Inc. now owns 9,642 shares of the electronics maker's stock worth $670,000 after acquiring an additional 869 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on APH shares. Robert W. Baird lifted their price objective on Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. UBS Group raised their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a report on Friday, May 30th. 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 eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Activity at Amphenol

In other news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president now owns 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 is accessible through the SEC website. 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 completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. 1.67% of the stock is owned by insiders.

Amphenol Stock Performance

Shares of NYSE APH opened at $92.38 on Monday. The stock has a market capitalization of $111.75 billion, a P/E ratio of 48.24, a P/E/G ratio of 1.92 and a beta of 1.12. The firm's 50-day moving average price is $80.32 and its two-hundred day moving average price is $72.94. Amphenol Co. has a 52-week low of $54.77 and a 52-week high of $94.83. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

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

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.

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