Advisory Alpha LLC Has $552,000 Stake in Amphenol Co. (NYSE:APH)

Advisory Alpha LLC grew its position in shares of Amphenol Co. (NYSE:APH) by 157.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,200 shares of the electronics maker’s stock after buying an additional 5,016 shares during the quarter. Advisory Alpha LLC’s holdings in Amphenol were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Truist Financial Corp lifted its holdings in Amphenol by 83.4% in the 2nd quarter. Truist Financial Corp now owns 183,441 shares of the electronics maker’s stock worth $12,358,000 after purchasing an additional 83,435 shares during the last quarter. Regency Capital Management Inc. DE lifted its holdings in Amphenol by 86.3% in the 2nd quarter. Regency Capital Management Inc. DE now owns 102,018 shares of the electronics maker’s stock worth $6,873,000 after purchasing an additional 47,258 shares during the last quarter. Core Alternative Capital lifted its holdings in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in Amphenol by 99.5% in the 2nd quarter. Regal Investment Advisors LLC now owns 6,687 shares of the electronics maker’s stock worth $450,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Quarry LP acquired a new stake in Amphenol in the 2nd quarter worth approximately $119,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH opened at $63.62 on Wednesday. The stock has a market cap of $76.42 billion, a PE ratio of 39.03, a P/E/G ratio of 2.59 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The stock’s 50 day simple moving average is $63.92 and its 200-day simple moving average is $63.58.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating 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 firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is 40.49%.

Analysts Set New Price Targets

Several research firms recently weighed in on APH. Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Bank of America lowered Amphenol from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $71.00 in a report on Wednesday, September 4th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Truist Financial lifted their price target on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Six investment 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, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the transaction, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total value of $5,818,500.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The disclosure for this sale can be found here. Insiders have sold 1,516,000 shares of company stock worth $98,236,640 over the last three months. Company insiders own 1.80% of the company’s stock.

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.