D.A. Davidson & CO. Lowers Holdings in Amphenol Corporation (NYSE:APH)

D.A. Davidson & CO. lowered its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 60.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,511 shares of the electronics maker's stock after selling 8,404 shares during the quarter. D.A. Davidson & CO.'s holdings in Amphenol were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. raised its position in Amphenol by 10.9% during the 1st quarter. Principal Financial Group Inc. now owns 2,883,159 shares of the electronics maker's stock valued at $189,106,000 after purchasing an additional 284,314 shares in the last quarter. Mutual Advisors LLC raised its position in Amphenol by 146.6% during the 1st quarter. Mutual Advisors LLC now owns 7,212 shares of the electronics maker's stock valued at $473,000 after purchasing an additional 4,288 shares in the last quarter. Tandem Investment Advisors Inc. raised its position in shares of Amphenol by 37.2% in the 1st quarter. Tandem Investment Advisors Inc. now owns 1,597,132 shares of the electronics maker's stock worth $104,756,000 after acquiring an additional 433,063 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Amphenol by 0.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 104,038 shares of the electronics maker's stock worth $6,824,000 after acquiring an additional 660 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Amphenol by 56.5% in the 1st quarter. First Horizon Advisors Inc. now owns 9,574 shares of the electronics maker's stock worth $628,000 after acquiring an additional 3,455 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction dated 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 sale, the vice president owned 12,500 shares in the company, valued at approximately $1,113,625. The trade was a 88.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 160,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,764,500 shares of company stock worth $294,839,785. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Up 0.4%

NYSE:APH traded up $0.43 during mid-day trading on Friday, hitting $98.74. 6,716,903 shares of the company's stock traded hands, compared to its average volume of 7,679,563. The company has a fifty day moving average of $91.20 and a 200 day moving average of $76.22. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.99. The company has a market capitalization of $119.44 billion, a P/E ratio of 47.93, a P/E/G ratio of 2.25 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99.

Amphenol (NYSE:APH - Get Free Report) last announced 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. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. On average, analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on APH shares. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. The Goldman Sachs Group boosted their price target on Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Evercore ISI boosted their price target on Amphenol from $88.00 to $105.00 and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Finally, KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.15.

Amphenol Company 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.