International Assets Investment Management LLC Takes Position in Amphenol Corporation (NYSE:APH)

International Assets Investment Management LLC purchased a new stake in Amphenol Corporation (NYSE:APH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,258 shares of the electronics maker's stock, valued at approximately $476,000.

Several other large investors have also recently bought and sold shares of the stock. MJP Associates Inc. ADV raised its holdings in Amphenol by 2.3% in the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker's stock valued at $509,000 after acquiring an additional 166 shares during the period. Beverly Hills Private Wealth LLC raised its holdings in Amphenol by 1.4% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 15,052 shares of the electronics maker's stock valued at $1,045,000 after acquiring an additional 203 shares during the period. Relyea Zuckerberg Hanson LLC raised its holdings in Amphenol by 6.8% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 3,309 shares of the electronics maker's stock valued at $217,000 after acquiring an additional 211 shares during the period. Rothschild Investment LLC raised its holdings in Amphenol by 10.5% in the 1st quarter. Rothschild Investment LLC now owns 2,260 shares of the electronics maker's stock valued at $148,000 after acquiring an additional 214 shares during the period. Finally, Regal Investment Advisors LLC raised its holdings in Amphenol by 2.8% in the 4th quarter. Regal Investment Advisors LLC now owns 8,064 shares of the electronics maker's stock valued at $560,000 after acquiring an additional 220 shares during the period. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. US Capital Advisors set a $85.00 target price on shares of Amphenol in a research report on Thursday, April 24th. Robert W. Baird increased their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Insider Activity at Amphenol

In related news, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.91, for a total value of $29,604,900.00. Following the completion of the transaction, the insider now owns 447,790 shares of the company's stock, valued at $33,991,738.90. This represents a 46.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 2,002,507 shares of the company's stock, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 in the last quarter. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

Shares of NYSE APH traded up $0.78 during trading hours on Friday, hitting $97.76. 19,776,547 shares of the stock were exchanged, compared to its average volume of 7,680,360. 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 company 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. The company's fifty day simple moving average is $85.69 and its two-hundred day simple moving average is $74.25. Amphenol Corporation has a 1-year low of $54.77 and a 1-year high of $98.83.

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

Amphenol Announces Dividend

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

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.