Legacy Advisors LLC Sells 3,166 Shares of Amphenol Corporation (NYSE:APH)

Legacy Advisors LLC trimmed its position in Amphenol Corporation (NYSE:APH - Free Report) by 4.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,519 shares of the electronics maker's stock after selling 3,166 shares during the period. Legacy Advisors LLC's holdings in Amphenol were worth $4,505,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. AssuredPartners Investment Advisors LLC lifted its stake in shares of Amphenol by 6.1% in the first quarter. AssuredPartners Investment Advisors LLC now owns 7,527 shares of the electronics maker's stock valued at $494,000 after buying an additional 431 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Amphenol by 7.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 531,709 shares of the electronics maker's stock worth $34,875,000 after acquiring an additional 37,454 shares during the last quarter. Blossom Wealth Management lifted its position in Amphenol by 24.7% in the 1st quarter. Blossom Wealth Management now owns 3,722 shares of the electronics maker's stock valued at $244,000 after acquiring an additional 737 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Amphenol by 1.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 54,909 shares of the electronics maker's stock valued at $3,601,000 after acquiring an additional 604 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Amphenol by 31.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 243,722 shares of the electronics maker's stock valued at $15,986,000 after purchasing an additional 58,392 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The shares were 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 now owns 152,412 shares in the company, valued at $13,532,661.48. This trade represents a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company's 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 sale, the chief executive officer now owns 2,002,507 shares in the company, valued at $151,649,855.11. The trade was a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 $1.27 during midday trading on Wednesday, reaching $97.07. The company had a trading volume of 6,227,297 shares, compared to its average volume of 7,611,752. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $97.41. The business has a 50-day moving average price of $85.05 and a two-hundred day moving average price of $74.09. The stock has a market cap of $117.42 billion, a PE ratio of 47.12, a P/E/G ratio of 2.18 and a beta of 1.12. 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 posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. Amphenol's revenue for the quarter was up 47.7% on a year-over-year basis. On average, sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Amphenol from $90.00 to $102.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Citigroup lifted their price objective on shares of Amphenol from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Fox Advisors upgraded shares of 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. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Finally, UBS Group upped their price objective on shares of Amphenol from $85.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and a consensus price target of $88.00.

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.