Prime Capital Investment Advisors LLC Buys New Position in Amphenol Co. (NYSE:APH)

Prime Capital Investment Advisors LLC bought a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,343 shares of the electronics maker’s stock, valued at approximately $232,000.

Several other hedge funds also recently modified their holdings of the stock. Peoples Bank KS bought a new stake in Amphenol during the third quarter worth $27,000. Mendota Financial Group LLC bought a new stake in Amphenol during the fourth quarter worth $33,000. Venturi Wealth Management LLC lifted its holdings in Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the period. Sunbelt Securities Inc. bought a new stake in Amphenol during the first quarter worth $33,000. Finally, Altshuler Shaham Ltd bought a new stake in Amphenol during the fourth quarter worth $33,000. 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 20,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last ninety days. 2.22% of the stock is owned by corporate insiders.

Amphenol Stock Performance

NYSE:APH opened at $113.32 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. The firm has a market cap of $68.17 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 3.31 and a beta of 1.30. The business’s fifty day moving average is $110.12 and its 200 day moving average is $97.66.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the company posted $0.78 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is 28.30%.

Analyst Ratings Changes

A number of brokerages recently commented on APH. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI boosted their target price on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Jefferies Financial Group began coverage on Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

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.