Driehaus Capital Management LLC Has $641,000 Position in Amphenol Co. (NYSE:APH)

Driehaus Capital Management LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 110.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,518 shares of the electronics maker’s stock after buying an additional 4,994 shares during the period. Driehaus Capital Management LLC’s holdings in Amphenol were worth $641,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of APH. Cambridge Investment Research Advisors Inc. raised its position in Amphenol by 25.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,330 shares of the electronics maker’s stock worth $1,321,000 after acquiring an additional 2,729 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of Amphenol during the 4th quarter worth about $288,000. J. W. Coons Advisors LLC raised its holdings in shares of Amphenol by 0.6% in the 4th quarter. J. W. Coons Advisors LLC now owns 16,925 shares of the electronics maker’s stock valued at $1,678,000 after purchasing an additional 100 shares during the period. Scotia Capital Inc. lifted its stake in Amphenol by 29.2% in the 4th quarter. Scotia Capital Inc. now owns 4,814 shares of the electronics maker’s stock valued at $477,000 after purchasing an additional 1,088 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Amphenol during the fourth quarter worth about $252,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Bank of America lowered shares of Amphenol from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.04.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 170,000 shares of Amphenol stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Amphenol Trading Up 0.2 %

Shares of APH stock opened at $65.16 on Tuesday. The stock has a 50 day simple moving average of $63.97 and a 200 day simple moving average of $63.52. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market cap of $78.27 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter last year, the business earned $0.72 earnings per share. Amphenol’s revenue was up 18.2% on a year-over-year basis. On average, research analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is 40.49%.

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.