Traveka Wealth LLC Invests $207,000 in Amphenol Corporation (NYSE:APH)

Traveka Wealth LLC bought a new position in shares of Amphenol Corporation (NYSE:APH) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,154 shares of the electronics maker’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Amphenol by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker’s stock worth $10,565,279,000 after acquiring an additional 2,108,578 shares in the last quarter. FMR LLC increased its stake in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker’s stock valued at $7,240,202,000 after buying an additional 2,643,752 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 valued at $4,091,426,000 after buying an additional 15,837,407 shares during the last quarter. Geode Capital Management LLC increased its stake in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker’s stock valued at $1,754,672,000 after buying an additional 659,560 shares during the last quarter. Finally, Bank of America Corp DE increased 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 valued at $1,733,027,000 after buying an additional 18,619,417 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on APH shares. UBS Group increased their price objective on shares of Amphenol from $85.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, May 30th. TD Securities increased their price objective on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. The Goldman Sachs Group increased 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. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research note on Thursday, April 24th. Finally, KGI Securities started coverage on Amphenol in a report on Thursday, June 26th. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Activity

In related news, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider owned 451,790 shares of the company’s stock, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 160,000 shares of Amphenol stock in a transaction on Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,764,500 shares of company stock valued at $294,839,785. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Trading Up 0.9%

NYSE:APH opened at $99.36 on Friday. The company has a market cap of $120.19 billion, a P/E ratio of 48.23, a P/E/G ratio of 2.27 and a beta of 1.13. The stock’s fifty day moving average price is $89.15 and its two-hundred day moving average price is $75.31. Amphenol Corporation has a 1 year low of $54.77 and a 1 year high of $99.71. 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 (NYSE:APH) last posted its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The business’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

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

About Amphenol

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.