State of Alaska Department of Revenue Boosts Stock Holdings in Amphenol Corporation (NYSE:APH)

State of Alaska Department of Revenue increased its position in shares of Amphenol Corporation (NYSE:APH) by 3.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 141,846 shares of the electronics maker’s stock after buying an additional 4,395 shares during the quarter. State of Alaska Department of Revenue’s holdings in Amphenol were worth $9,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Amphenol by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock valued at $10,565,279,000 after acquiring an additional 2,108,578 shares during the period. FMR LLC grew its holdings in Amphenol by 2.6% in the fourth quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after purchasing an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Amphenol by 36.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock valued at $4,091,426,000 after buying an additional 15,837,407 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amphenol by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock worth $1,754,672,000 after buying an additional 659,560 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Amphenol by 294.0% during the 4th quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock valued at $1,733,027,000 after buying an additional 18,619,417 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APH shares. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Wall Street Zen cut Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Robert W. Baird increased their target price on Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, UBS Group raised their target price on Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Amphenol Stock Up 0.6%

Shares of NYSE:APH opened at $93.33 on Thursday. Amphenol Corporation has a 52-week low of $54.77 and a 52-week high of $94.83. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $82.06 and a two-hundred day moving average of $73.36. The stock has a market cap of $112.89 billion, a P/E ratio of 45.31, a PEG ratio of 2.11 and a beta of 1.12.

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

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio is presently 32.04%.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 400,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.93, for a total value of $30,372,000.00. Following the transaction, the chief financial officer now owns 100,000 shares of the company’s stock, valued at $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,764,500 shares of company stock worth $294,839,785. Company insiders own 1.67% of the company’s stock.

Amphenol Company 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.