Amphenol Corporation (NYSE:APH) Shares Sold by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated decreased its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,428 shares of the electronics maker's stock after selling 2,634 shares during the quarter. Silver Oak Securities Incorporated's holdings in Amphenol were worth $694,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of APH. Norges Bank purchased a new stake in Amphenol during the 4th quarter worth about $1,378,794,000. Bank of America Corp DE increased its holdings in shares of Amphenol by 294.0% in the 4th 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 during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Amphenol by 36.8% in the 4th 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 acquiring an additional 15,837,407 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker's stock valued at $487,130,000 after acquiring an additional 6,039,845 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Amphenol by 118.4% in the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker's stock valued at $503,975,000 after acquiring an additional 3,933,269 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Amphenol stock traded up $0.84 during mid-day trading on Friday, reaching $99.36. 3,180,786 shares of the company were exchanged, compared to its average volume of 7,643,084. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $99.71. The firm's 50-day simple moving average is $89.15 and its two-hundred day simple moving average is $75.31. 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 firm has a market cap of $120.19 billion, a PE ratio of 48.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13.

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

Amphenol Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on the company. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. KGI Securities assumed coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating on the stock. Fox Advisors upgraded Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $85.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, TD Securities increased their price objective on Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $88.00.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 286,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider directly owned 451,790 shares of the company's stock, valued at approximately $41,307,159.70. This trade represents a 38.76% 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 stock in a transaction that occurred on Friday, May 30th. The stock was 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. Insiders sold 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. Company insiders own 1.67% of the company's stock.

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.