GHP Investment Advisors Inc. Sells 3,678 Shares of Amphenol Corporation (NYSE:APH)

GHP Investment Advisors Inc. decreased its position in Amphenol Corporation (NYSE:APH - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,605 shares of the electronics maker's stock after selling 3,678 shares during the quarter. GHP Investment Advisors Inc.'s holdings in Amphenol were worth $4,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the period. FMR LLC boosted its stake in Amphenol by 2.6% during the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after acquiring an additional 2,643,752 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Amphenol by 36.8% in 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 purchasing an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its stake 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 valued at $1,754,672,000 after purchasing an additional 659,560 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Amphenol by 294.0% during 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 purchasing an additional 18,619,417 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction 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 transaction, the chief executive officer now owns 2,002,507 shares in the company, 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 SEC, which is available through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the sale, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. This trade represents a 46.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. Insiders own 1.67% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on APH shares. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price target on the stock in a research note on Thursday, April 24th. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Citigroup raised their price target on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. TD Securities lifted their price target on Amphenol from $63.00 to $70.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research report on Sunday, June 22nd. Five 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, the company presently has an average rating of "Moderate Buy" and an average price target of $88.00.

Amphenol Stock Performance

Shares of APH stock traded up $0.78 during trading hours on Friday, reaching $97.76. The company had a trading volume of 19,776,547 shares, compared to its average volume of 7,692,988. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.36 and a current ratio of 1.99. The business has a fifty day moving average price of $86.34 and a 200-day moving average price of $74.42. Amphenol Corporation has a one year low of $54.77 and a one year high of $98.83. The firm has a market cap of $118.24 billion, a PE ratio of 47.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm's revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Sell-side analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol's dividend payout ratio is 32.04%.

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.