IFP Advisors Inc Raises Holdings in Amphenol Corporation (NYSE:APH)

IFP Advisors Inc increased its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 338.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,050 shares of the electronics maker's stock after buying an additional 13,159 shares during the quarter. IFP Advisors Inc's holdings in Amphenol were worth $1,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC increased its stake in shares of Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $4,091,426,000 after buying an additional 15,837,407 shares during the period. Geode Capital Management LLC increased its stake in shares of Amphenol by 2.7% in 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 buying an additional 659,560 shares during the period. Bank of America Corp DE increased 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 buying an additional 18,619,417 shares during the period. Finally, Norges Bank acquired a new stake in shares of Amphenol in the fourth quarter valued at about $1,378,794,000. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amphenol news, 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 value of $8,909,000.00. Following the transaction, the vice president owned 12,500 shares of the company's stock, valued at approximately $1,113,625. The trade was a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michael R. Ivas sold 40,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the transaction, the vice president directly owned 152,412 shares in the company, valued at approximately $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 799,500 shares of company stock worth $70,053,885 in the last ninety days. Company insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.5%

Shares of NYSE:APH traded up $0.50 during mid-day trading on Friday, hitting $104.96. 7,303,018 shares of the company traded hands, compared to its average volume of 8,704,418. The stock has a market cap of $126.96 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.06 and a beta of 1.13. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The stock has a 50-day moving average price of $95.00 and a two-hundred day moving average price of $78.46.

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 the consensus estimate of $0.66 by $0.15. The company had revenue of $5.65 billion for 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 quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. On average, equities research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current 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 given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.63%. Amphenol's dividend payout ratio is currently 26.29%.

Analyst Upgrades and Downgrades

APH has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday. Fox Advisors raised Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price for the company in a research note on Thursday, April 24th. UBS Group raised their target price on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen raised Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. Finally, KGI Securities started coverage on Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $102.23.

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.