Advisory Alpha LLC Boosts Holdings in Amphenol Co. (NYSE:APH)

Advisory Alpha LLC raised its position in Amphenol Co. (NYSE:APH) by 14.6% in the 4th quarter, Holdings Channel reports. The fund owned 11,628 shares of the electronics maker’s stock after acquiring an additional 1,478 shares during the period. Advisory Alpha LLC’s holdings in Amphenol were worth $808,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in APH. Legal & General Group Plc lifted its position in Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Amphenol during the third quarter worth $113,828,000. State Street Corp raised its position in Amphenol by 3.0% in the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Amphenol by 136.5% in the second quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker’s stock valued at $161,207,000 after acquiring an additional 1,480,331 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Bank of America lifted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Robert W. Baird upped their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.79.

Amphenol Stock Performance

Shares of APH opened at $77.84 on Thursday. The company has a market capitalization of $93.84 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 1 year low of $48.52 and a 1 year high of $78.25. The company’s 50 day simple moving average is $71.75 and its 200 day simple moving average is $67.79.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s revenue was up 29.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.85%. Amphenol’s payout ratio is currently 37.93%.

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.