GAMMA Investing LLC Purchases New Holdings in Amphenol Co. (NYSE:APH)

GAMMA Investing LLC purchased 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 SEC. The fund purchased 6,827 shares of the electronics maker’s stock, valued at approximately $690,000.

Other institutional investors have also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in shares of Amphenol in the third quarter worth $27,000. Mendota Financial Group LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at about $33,000. Venturi Wealth Management LLC increased its stake in shares of 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. Avior Wealth Management LLC increased its stake in shares of Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Amphenol in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APH. Bank of America increased their price target on shares of Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Jefferies Financial Group started coverage on shares of Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Evercore ISI raised their price target on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Finally, Citigroup raised their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Amphenol Trading Up 2.2 %

Shares of APH stock traded up $2.42 during trading hours on Tuesday, reaching $114.28. 5,098,474 shares of the stock traded hands, compared to its average volume of 2,792,410. Amphenol Co. has a 1-year low of $72.00 and a 1-year high of $119.59. The business has a fifty day moving average price of $111.01 and a 200 day moving average price of $98.97. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $68.75 billion, a PE ratio of 36.74, a PEG ratio of 2.95 and a beta of 1.30.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm earned $0.78 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.77%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is presently 28.30%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were 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 accessible through this hyperlink. In other news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

Amphenol 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.