Zevenbergen Capital Investments LLC Decreases Position in Amphenol Co. (NYSE:APH)

Zevenbergen Capital Investments LLC cut its holdings in Amphenol Co. (NYSE:APH) by 4.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,160 shares of the electronics maker’s stock after selling 260 shares during the period. Zevenbergen Capital Investments LLC’s holdings in Amphenol were worth $582,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Fiera Capital Corp grew its stake in shares of Amphenol by 2.0% in the first quarter. Fiera Capital Corp now owns 5,828 shares of the electronics maker’s stock valued at $551,000 after acquiring an additional 115 shares in the last quarter. Synovus Financial Corp grew its stake in Amphenol by 0.6% during the first quarter. Synovus Financial Corp now owns 20,924 shares of the electronics maker’s stock worth $1,974,000 after buying an additional 116 shares in the last quarter. Cerity Partners LLC grew its stake in Amphenol by 4.5% during the fourth quarter. Cerity Partners LLC now owns 3,087 shares of the electronics maker’s stock worth $250,000 after buying an additional 132 shares in the last quarter. Advisor Partners LLC grew its stake in Amphenol by 2.1% during the first quarter. Advisor Partners LLC now owns 6,459 shares of the electronics maker’s stock worth $610,000 after buying an additional 135 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in Amphenol by 36.4% during the first quarter. Cornerstone Advisors Inc. now owns 517 shares of the electronics maker’s stock worth $49,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.

A number of equities research analysts have issued reports on APH shares. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. SunTrust Banks upgraded shares of Amphenol from a “hold” rating to a “buy” rating and increased their price objective for the stock from $89.00 to $112.00 in a research note on Tuesday, April 2nd. Wells Fargo & Co set a $105.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a research note on Monday, March 18th. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Wednesday, February 13th. Finally, Evercore ISI started coverage on shares of Amphenol in a research note on Wednesday, June 5th. They set an “outperform” rating and a $102.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $104.63.

In other news, CEO Richard Adam Norwitt sold 430,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $99.46, for a total value of $42,767,800.00. Following the sale, the chief executive officer now directly owns 200,000 shares in the company, valued at approximately $19,892,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diana G. Reardon sold 92,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $100.06, for a total transaction of $9,205,520.00. Following the completion of the sale, the director now owns 44,000 shares in the company, valued at $4,402,640. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 834,505 shares of company stock worth $83,149,103. 2.60% of the stock is currently owned by corporate insiders.

Shares of APH traded up $1.49 during mid-day trading on Thursday, reaching $96.95. The company had a trading volume of 51,120 shares, compared to its average volume of 1,370,815. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.85. The company has a market cap of $28.54 billion, a P/E ratio of 25.63, a PEG ratio of 2.31 and a beta of 0.99.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Amphenol had a net margin of 14.55% and a return on equity of 29.75%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Co. will post 3.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 19th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol’s payout ratio is currently 24.40%.

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Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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