Amphenol Co. (NYSE:APH) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its stake in Amphenol Co. (NYSE:APHGet Rating) by 22.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,875 shares of the electronics maker’s stock after purchasing an additional 1,270 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Amphenol were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. raised its position in shares of Amphenol by 112.6% during the 2nd quarter. MV Capital Management Inc. now owns 406 shares of the electronics maker’s stock worth $26,000 after acquiring an additional 215 shares in the last quarter. NuWave Investment Management LLC raised its position in shares of Amphenol by 40.5% during the 2nd quarter. NuWave Investment Management LLC now owns 701 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Amphenol by 72.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 621 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 260 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 497.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 633 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 527 shares in the last quarter. Finally, Ellevest Inc. raised its position in shares of Amphenol by 46.8% during the 2nd quarter. Ellevest Inc. now owns 834 shares of the electronics maker’s stock worth $54,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 94.01% of the company’s stock.

Amphenol Trading Up 0.2 %

Shares of APH stock opened at $79.30 on Wednesday. The business’s 50 day moving average is $78.01 and its two-hundred day moving average is $74.03. Amphenol Co. has a twelve month low of $61.67 and a twelve month high of $83.58. The company has a market capitalization of $47.19 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24. The company has a current ratio of 2.38, a quick ratio of 1.60 and a debt-to-equity ratio of 0.72.

Amphenol (NYSE:APHGet Rating) last announced its earnings results on Wednesday, October 26th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. Amphenol had a return on equity of 28.02% and a net margin of 14.98%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 16.9% on a year-over-year basis. Equities analysts forecast that Amphenol Co. will post 2.97 EPS for the current year.

Amphenol Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 11th. Investors of record on Tuesday, December 20th will be paid a $0.21 dividend. The ex-dividend date is Monday, December 19th. This is an increase from Amphenol’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.06%. Amphenol’s payout ratio is 28.19%.

Analysts Set New Price Targets

APH has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on Amphenol in a research report on Monday, December 12th. They set an “outperform” rating and a $93.00 price target on the stock. StockNews.com lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Jefferies Financial Group lowered Amphenol from a “buy” rating to a “hold” rating and lifted their price target for the stock from $87.00 to $88.00 in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lifted their price target on Amphenol from $86.00 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.40.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 127,000 shares of Amphenol stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $79.82, for a total value of $10,137,140.00. Following the sale, the insider now directly owns 204,412 shares in the company, valued at $16,316,165.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amphenol news, insider William J. Doherty sold 127,000 shares of the business’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $79.82, for a total transaction of $10,137,140.00. Following the sale, the insider now directly owns 204,412 shares in the company, valued at $16,316,165.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 75,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $80.02, for a total value of $6,001,500.00. Following the sale, the vice president now owns 7,000 shares in the company, valued at $560,140. The disclosure for this sale can be found here. Insiders have sold a total of 242,000 shares of company stock worth $19,290,240 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

About Amphenol

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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.

See Also

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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