Zevenbergen Capital Investments LLC Has $15.41 Million Holdings in Amphenol Co. (NYSE:APH)

Zevenbergen Capital Investments LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,450 shares of the electronics maker's stock after selling 10,750 shares during the quarter. Zevenbergen Capital Investments LLC's holdings in Amphenol were worth $15,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. lifted its stake in Amphenol by 16.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the electronics maker's stock worth $890,000 after purchasing an additional 1,468 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Amphenol by 6.3% during the 3rd quarter. Fifth Third Bancorp now owns 44,611 shares of the electronics maker's stock valued at $3,747,000 after acquiring an additional 2,658 shares during the period. Panagora Asset Management Inc. grew its position in Amphenol by 32.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 40,276 shares of the electronics maker's stock valued at $3,383,000 after acquiring an additional 9,780 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Amphenol by 23.6% during the third quarter. Teacher Retirement System of Texas now owns 261,086 shares of the electronics maker's stock worth $21,929,000 after purchasing an additional 49,772 shares during the period. Finally, Alaska Permanent Fund Corp lifted its position in shares of Amphenol by 8.5% during the third quarter. Alaska Permanent Fund Corp now owns 54,754 shares of the electronics maker's stock worth $4,599,000 after purchasing an additional 4,280 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Performance

Shares of NYSE:APH traded up $0.20 during midday trading on Friday, hitting $131.91. The stock had a trading volume of 4,506,314 shares, compared to its average volume of 3,539,380. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $117.27 and a two-hundred day moving average price of $104.50. Amphenol Co. has a 1 year low of $72.77 and a 1 year high of $133.90. The company has a market capitalization of $79.23 billion, a PE ratio of 40.34, a P/E/G ratio of 3.32 and a beta of 1.27.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.07. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business's revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.69 EPS. As a group, equities analysts predict that Amphenol Co. will post 3.36 earnings per share for the current fiscal year.

Amphenol announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 18th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, June 18th. Amphenol's dividend payout ratio is currently 26.91%.

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company's stock.

Analysts Set New Price Targets

APH has been the subject of a number of research reports. Robert W. Baird lifted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the company an "outperform" rating in a report on Thursday, April 25th. Stifel Nicolaus increased their price objective on Amphenol from $88.00 to $95.00 and gave the company a "hold" rating in a research note on Thursday, January 25th. Bank of America boosted their target price on Amphenol from $137.00 to $144.00 and gave the stock a "buy" rating in a research note on Friday. UBS Group upped their price target on Amphenol from $135.00 to $138.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Amphenol from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.50.

Amphenol 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.