Oppenheimer Asset Management Inc. purchased a new position in Amphenol Corporation (NYSE:APH) during the first quarter, Holdings Channel reports. The firm purchased 26,888 shares of the electronics maker’s stock, valued at approximately $1,914,000.

Other hedge funds also recently made changes to their positions in the company. Birch Hill Investment Advisors LLC acquired a new stake in shares of Amphenol Corporation during the first quarter valued at about $105,000. YorkBridge Wealth Partners LLC raised its stake in shares of Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after buying an additional 1,200 shares during the period. Israel Discount Bank of New York acquired a new stake in shares of Amphenol Corporation during the first quarter valued at about $121,000. Pinnacle Bank acquired a new stake in shares of Amphenol Corporation during the first quarter valued at about $122,000. Finally, Israel Discount Bank of New York GFN acquired a new stake in shares of Amphenol Corporation during the fourth quarter valued at about $117,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.

Shares of Amphenol Corporation (APH) opened at 74.60 on Tuesday. Amphenol Corporation has a 12 month low of $55.13 and a 12 month high of $76.67. The company’s 50-day moving average is $74.12 and its 200 day moving average is $70.49. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 26.46 and a beta of 0.76.

Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.05. Amphenol Corporation had a net margin of 13.93% and a return on equity of 24.24%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Amphenol Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities research analysts anticipate that Amphenol Corporation will post $2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Monday, June 19th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol Corporation’s payout ratio is 22.70%.

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Several analysts recently issued reports on APH shares. Royal Bank Of Canada boosted their target price on shares of Amphenol Corporation from $71.00 to $75.00 and gave the company a “top pick” rating in a research report on Thursday, March 2nd. Zacks Investment Research upgraded shares of Amphenol Corporation from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Deutsche Bank AG boosted their target price on shares of Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Morgan Stanley boosted their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Finally, Cowen and Company started coverage on shares of Amphenol Corporation in a research report on Tuesday, March 21st. They set an “outperform” rating and a $85.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $77.38.

In other news, VP Martin Booker sold 46,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the sale, the vice president now owns 20,400 shares of the company’s stock, valued at approximately $1,538,568. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $2,914,400. The disclosure for this sale can be found here. Insiders have sold a total of 893,000 shares of company stock worth $66,184,060 in the last ninety days. Corporate insiders own 2.92% of the company’s stock.

Amphenol Corporation Company Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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