Zevenbergen Capital Investments LLC Has $11.54 Million Stock Position in Amphenol Corporation (NYSE:APH)

Key Points

• Zevenbergen Capital Investments LLC increased its stake in Amphenol Corporation to $11.54 million, owning 176,010 shares after acquiring an additional 4,950 shares in the first quarter.
• Amphenol reported earnings of $0.81 per share for the last quarter, exceeding expectations, with revenue reaching $5.65 billion—up 56.5% year-over-year.
• The company has announced a quarterly dividend of $0.165 per share, set to be paid on October 8th, which reflects a $0.66 annualized dividend and a yield of 0.6%.

Zevenbergen Capital Investments LLC boosted its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,010 shares of the electronics maker's stock after purchasing an additional 4,950 shares during the quarter. Zevenbergen Capital Investments LLC's holdings in Amphenol were worth $11,544,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Perigon Wealth Management LLC increased its holdings in shares of Amphenol by 29.4% in the 1st quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker's stock valued at $1,144,000 after acquiring an additional 3,964 shares during the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Amphenol in the 4th quarter valued at about $13,847,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Amphenol by 46.8% in the 1st 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 period. Transcend Capital Advisors LLC boosted its position in shares of Amphenol by 14.4% in the 1st 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 period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Amphenol by 4.2% in the 1st 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 period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

NYSE APH traded up $1.85 on Tuesday, reaching $111.66. 7,075,291 shares of the stock traded hands, compared to its average volume of 9,124,167. The firm's fifty day simple moving average is $99.86 and its 200 day simple moving average is $81.43. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market cap of $136.33 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 1.79 and a beta of 1.13. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $111.87.

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

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 100,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $89.09, for a total value of $8,909,000.00. Following the completion of the sale, the vice president owned 12,500 shares in the company, valued at $1,113,625. This represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Luc Walter sold 286,000 shares of the stock in a transaction on 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 completion of the sale, the insider owned 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 812,000 shares of company stock valued at $77,703,320. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

APH has been the subject of a number of research analyst reports. Truist Financial upped their target price on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. UBS Group increased their price objective on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Citigroup increased their price objective on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. KGI Securities began coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Amphenol in a research report on Friday, July 11th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.92.

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.