Amphenol Corporation (NYSE:APH) Shares Purchased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its stake in shares of Amphenol Corporation (NYSE:APH) by 46.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,958 shares of the electronics maker’s stock after purchasing an additional 22,293 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Amphenol were worth $4,589,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Amphenol in the 4th quarter worth approximately $1,378,794,000. Bank of America Corp DE grew its stake in Amphenol by 294.0% in the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock worth $1,733,027,000 after acquiring an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after acquiring an additional 15,837,407 shares during the period. Wellington Management Group LLP grew its stake in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock worth $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock valued at $503,975,000 after buying an additional 3,933,269 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on APH shares. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Robert W. Baird boosted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, April 24th. Citigroup boosted their price objective on shares of Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Stock Performance

NYSE:APH opened at $97.76 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $118.24 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 2.23 and a beta of 1.12. The firm’s fifty day simple moving average is $86.34 and its 200 day simple moving average is $74.43. Amphenol Corporation has a twelve month low of $54.77 and a twelve month high of $98.07.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was up 47.7% on a year-over-year basis. As a group, equities research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a $0.165 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.68%. Amphenol’s dividend payout ratio is currently 32.04%.

Insiders Place Their Bets

In other news, insider Luc Walter sold 286,000 shares of the company’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 sale, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 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 disclosure for this sale can be found here. Insiders have sold 3,764,500 shares of company stock worth $294,839,785 in the last quarter. 1.67% of the stock is owned by corporate insiders.

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.