Silver Oak Securities Incorporated Trims Stock Holdings in Amphenol Corporation (NYSE:APH)

Silver Oak Securities Incorporated reduced its holdings in shares of Amphenol Corporation (NYSE:APH) by 20.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,428 shares of the electronics maker’s stock after selling 2,634 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Amphenol were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Sterling Investment Counsel LLC bought a new position in shares of Amphenol in the first quarter worth $602,000. Global X Japan Co. Ltd. purchased a new stake in Amphenol during the 1st quarter worth about $44,000. Premier Path Wealth Partners LLC boosted its stake in Amphenol by 4.2% in the 1st quarter. Premier Path Wealth Partners LLC now owns 5,970 shares of the electronics maker’s stock worth $392,000 after purchasing an additional 243 shares during the period. Harrell Investment Partners LLC purchased a new position in Amphenol during the 1st quarter valued at about $292,000. Finally, Institute for Wealth Management LLC. increased its position in shares of Amphenol by 43.9% during the first quarter. Institute for Wealth Management LLC. now owns 7,647 shares of the electronics maker’s stock valued at $502,000 after buying an additional 2,332 shares during the period. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of the 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 directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This represents a 49.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the business’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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 3,764,500 shares of company stock worth $294,839,785 in the last ninety days. 1.67% of the stock is owned by insiders.

Amphenol Stock Up 0.6%

Shares of NYSE APH opened at $93.33 on Friday. The stock has a market capitalization of $112.89 billion, a P/E ratio of 45.31, a PEG ratio of 2.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.36. Amphenol Corporation has a one year low of $54.77 and a one year high of $94.83. The firm’s 50 day simple moving average is $82.64 and its two-hundred day simple moving average is $73.50.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS 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 company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same quarter last year, the firm earned $0.40 EPS. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. As a group, analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on APH shares. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, April 24th. Fox Advisors raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target on the stock in a report on Thursday, April 24th. The Goldman Sachs Group lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Evercore ISI boosted their target price on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, June 5th. Finally, UBS Group raised their price target on Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.00.

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.