IFP Advisors Inc Increases Stock Holdings in Amphenol Corporation (NYSE:APH)

IFP Advisors Inc lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 338.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,050 shares of the electronics maker’s stock after buying an additional 13,159 shares during the period. IFP Advisors Inc’s holdings in Amphenol were worth $1,118,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Hughes Financial Services LLC purchased a new stake in shares of Amphenol during the first quarter valued at approximately $25,000. Global X Japan Co. Ltd. bought a new position in Amphenol during the first quarter valued at $44,000. Coppell Advisory Solutions LLC bought a new position in Amphenol during the fourth quarter valued at $48,000. West Branch Capital LLC bought a new stake in shares of Amphenol in the first quarter valued at $57,000. Finally, Colonial Trust Co SC raised its stake in shares of Amphenol by 342.9% in the fourth quarter. Colonial Trust Co SC now owns 868 shares of the electronics maker’s stock valued at $60,000 after buying an additional 672 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the subject of a number of analyst reports. US Capital Advisors set a $85.00 price target on Amphenol in a report on Thursday, April 24th. Industrial Alliance Securities set a $115.00 price target on Amphenol in a report on Friday, July 11th. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. TD Securities boosted their target price on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, UBS Group restated a “buy” rating and set a $115.00 target price (up from $106.00) on shares of Amphenol in a research report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.31.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 160,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $89.54, for a total value of $14,326,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the sale, the vice president directly owned 152,412 shares of the company’s stock, valued at $13,532,661.48. This represents a 20.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last ninety days. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Performance

APH stock opened at $100.60 on Thursday. The stock has a market capitalization of $121.68 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 2.05 and a beta of 1.13. Amphenol Corporation has a 12-month low of $54.77 and a 12-month high of $108.85. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.66. The stock’s 50 day simple moving average is $94.27 and its 200 day simple moving average is $77.95.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 27.68% and a net margin of 15.58%. The company had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.01 billion. During the same period last year, the firm earned $0.44 EPS. Amphenol’s revenue for the quarter was up 56.5% compared to the same quarter last year. As a group, research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.66%. Amphenol’s payout ratio is currently 32.04%.

Amphenol Company 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.