3,820 Shares in Amphenol Corporation (NYSE:APH) Bought by Somerville Kurt F

Somerville Kurt F bought a new position in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,820 shares of the electronics maker's stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Brighton Jones LLC grew its position in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after purchasing an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after acquiring an additional 4,721 shares during the period. Virtu Financial LLC lifted its stake in shares of Amphenol by 63.9% in the 4th quarter. Virtu Financial LLC now owns 14,643 shares of the electronics maker's stock worth $1,017,000 after acquiring an additional 5,710 shares during the period. Sei Investments Co. lifted its stake in shares of Amphenol by 4.9% in the 4th quarter. Sei Investments Co. now owns 894,098 shares of the electronics maker's stock worth $62,095,000 after acquiring an additional 41,656 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Amphenol by 16.7% in the 4th quarter. LPL Financial LLC now owns 681,720 shares of the electronics maker's stock worth $47,345,000 after acquiring an additional 97,545 shares during the period. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APH. Wall Street Zen raised shares of Amphenol from a "hold" rating to a "buy" rating in a research note on Sunday, June 22nd. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $91.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research report on Friday, July 11th. Finally, KGI Securities began coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating for the company. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $94.07.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer owned 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Luc Walter sold 390,000 shares of the firm's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.91, for a total transaction of $29,604,900.00. Following the completion of the sale, the insider owned 447,790 shares of the company's stock, valued at $33,991,738.90. The trade was a 46.55% 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 worth $294,839,785 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Stock Up 5.3%

Amphenol stock traded up $5.44 during trading hours on Wednesday, hitting $107.22. The company had a trading volume of 2,406,897 shares, compared to its average volume of 7,626,286. The firm has a market capitalization of $129.69 billion, a P/E ratio of 52.05, a price-to-earnings-growth ratio of 2.09 and a beta of 1.13. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. The firm's fifty day moving average is $93.26 and its 200-day moving average is $77.39. Amphenol Corporation has a fifty-two week low of $54.77 and a fifty-two week high of $109.37.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. During the same period last year, the firm posted $0.44 EPS. The firm's revenue for the quarter was up 56.5% on a year-over-year basis. On average, research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.62%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio is currently 32.04%.

About Amphenol

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.