Dorsey Wright & Associates Takes $4.24 Million Position in Amphenol Corporation (NYSE:APH)

Dorsey Wright & Associates purchased a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,630 shares of the electronics maker's stock, valued at approximately $4,239,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted its holdings in Amphenol by 2.6% during the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Amphenol by 36.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its position in shares of Amphenol by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after acquiring an additional 659,560 shares during the period. Bank of America Corp DE raised its stake in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock valued at $1,733,027,000 after acquiring an additional 18,619,417 shares in the last quarter. Finally, Norges Bank purchased a new position in Amphenol in the fourth quarter valued at $1,378,794,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the 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 completion of the sale, the chief financial officer directly owned 100,000 shares of the company's stock, valued at approximately $7,593,000. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing 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 that occurred on 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 ninety days, insiders sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is owned by insiders.

Amphenol Stock Performance

APH traded up $3.77 on Thursday, reaching $104.48. The company had a trading volume of 14,014,018 shares, compared to its average volume of 8,627,377. The stock has a 50-day moving average price of $94.64 and a 200-day moving average price of $78.18. The stock has a market capitalization of $126.38 billion, a PE ratio of 41.63, a P/E/G ratio of 2.00 and a beta of 1.13. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $108.85. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. The firm 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%. The business's revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. As a group, research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid a $0.165 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. Amphenol's dividend payout ratio is presently 32.04%.

Analyst Upgrades and Downgrades

APH has been the topic of several recent research reports. UBS Group upped their price target on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday. Robert W. Baird upped their target price on shares of Amphenol from $113.00 to $118.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore ISI lifted their price target on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Finally, KGI Securities assumed coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.