Vident Advisory LLC Boosts Stake in Amphenol Co. (NYSE:APH)

Vident Advisory LLC boosted its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,483 shares of the electronics maker's stock after purchasing an additional 2,975 shares during the period. Vident Advisory LLC's holdings in Amphenol were worth $3,437,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tacita Capital Inc boosted its stake in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after buying an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Amphenol during the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. increased its holdings in shares of Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new position in Amphenol during the 4th quarter worth $32,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In related news, VP David M. Silverman sold 87,500 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the transaction, the vice president now directly owns 12,500 shares of the company's stock, valued at approximately $1,000,375. This trade represents a 87.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lance E. D'amico sold 175,000 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $76.28, for a total transaction of $13,349,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company's stock, valued at approximately $3,920,792. This trade represents a 77.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,178,500 shares of company stock valued at $241,903,805 in the last 90 days. Corporate insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APH. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and set a $85.00 price target (up previously from $78.00) on shares of Amphenol in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on shares of Amphenol in a research report on Thursday, April 24th. TD Securities lifted their price target on shares of Amphenol from $63.00 to $70.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Finally, Robert W. Baird raised their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.62.

Amphenol Stock Up 0.4%

APH traded up $0.38 during mid-day trading on Monday, reaching $85.64. 4,476,000 shares of the stock were exchanged, compared to its average volume of 7,496,367. Amphenol Co. has a 1 year low of $54.77 and a 1 year high of $87.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a market capitalization of $103.59 billion, a PE ratio of 44.72, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a 50 day moving average price of $72.69 and a two-hundred day moving average price of $70.98.

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, beating the consensus estimate of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company's revenue was up 47.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 earnings per share. As a group, research analysts anticipate that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, June 17th. Amphenol's dividend payout ratio is 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.