VCI Wealth Management LLC Makes New Investment in Amphenol Corporation (NYSE:APH)

VCI Wealth Management LLC bought a new position in Amphenol Corporation (NYSE:APH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 21,805 shares of the electronics maker's stock, valued at approximately $1,430,000.

Several other large investors have also bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in shares of Amphenol by 29.4% during the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after purchasing an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $13,847,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Amphenol by 46.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 69,958 shares of the electronics maker's stock valued at $4,589,000 after purchasing an additional 22,293 shares during the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Amphenol by 14.4% during the first quarter. Transcend Capital Advisors LLC now owns 4,504 shares of the electronics maker's stock valued at $295,000 after purchasing an additional 568 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Amphenol by 4.2% during the first quarter. Assenagon Asset Management S.A. now owns 61,920 shares of the electronics maker's stock valued at $4,061,000 after purchasing an additional 2,514 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on APH. TD Securities upped their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research report on Friday, July 11th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Citigroup upped their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday. 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $102.23.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. This trade represents a 38.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 40,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the completion of the transaction, the vice president directly owned 152,412 shares in the company, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 799,500 shares of company stock worth $70,053,885. Insiders own 1.67% of the company's stock.

Amphenol Price Performance

APH stock traded up $0.87 during trading on Friday, hitting $105.33. 3,296,206 shares of the company's stock traded hands, compared to its average volume of 8,497,984. Amphenol Corporation has a 52 week low of $54.77 and a 52 week high of $108.85. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 2.02. The business has a fifty day simple moving average of $94.64 and a 200 day simple moving average of $78.18. The stock has a market capitalization of $127.41 billion, a price-to-earnings ratio of 41.93, a P/E/G ratio of 2.00 and a beta of 1.13.

Amphenol (NYSE:APH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business's revenue for the quarter was up 56.5% on a year-over-year basis. As a group, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Tuesday, June 17th. Amphenol's dividend payout ratio is currently 26.29%.

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.