JPMorgan Chase & Co. Raises Stake in Amphenol Co. (NYSE:APH)

JPMorgan Chase & Co. boosted its stake in Amphenol Co. (NYSE:APH) by 70.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 14,301,522 shares of the electronics maker’s stock after purchasing an additional 5,920,513 shares during the period. JPMorgan Chase & Co.’s holdings in Amphenol were worth $943,471,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Endurance Wealth Management Inc. purchased a new stake in shares of Amphenol during the 1st quarter worth approximately $25,000. Mascoma Wealth Management LLC bought a new position in Amphenol during the first quarter valued at $26,000. Sonora Investment Management LLC increased its position in Amphenol by 100.0% in the first quarter. Sonora Investment Management LLC now owns 400 shares of the electronics maker’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Atlas Private Wealth Management lifted its position in shares of Amphenol by 100.0% during the 1st quarter. Atlas Private Wealth Management now owns 428 shares of the electronics maker’s stock valued at $28,000 after buying an additional 214 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Amphenol by 112.4% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 478 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Shares of Amphenol stock traded down $0.02 during trading on Friday, hitting $68.25. The company’s stock had a trading volume of 25,002 shares, compared to its average volume of 2,723,528. Amphenol Co. has a 52 week low of $45.90 and a 52 week high of $69.62. The business’s fifty day moving average price is $67.40. The firm has a market capitalization of $40.79 billion, a P/E ratio of 32.67, a PEG ratio of 2.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.81.

Amphenol (NYSE:APH) last released its quarterly earnings data on Tuesday, April 27th. The electronics maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. Amphenol had a return on equity of 24.16% and a net margin of 14.16%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, equities research analysts anticipate that Amphenol Co. will post 2.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 14th. Stockholders of record on Tuesday, June 22nd will be paid a $0.145 dividend. The ex-dividend date of this dividend is Monday, June 21st. This represents a $0.58 annualized dividend and a dividend yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is 31.02%.

In other Amphenol news, VP Richard Gu sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $68.01, for a total transaction of $4,080,600.00. Following the completion of the transaction, the vice president now owns 62,000 shares in the company, valued at approximately $4,216,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 144,000 shares of the firm’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $68.22, for a total transaction of $9,823,680.00. Following the completion of the transaction, the chief financial officer now directly owns 253,846 shares of the company’s stock, valued at $17,317,374.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 769,133 shares of company stock valued at $51,217,363. Company insiders own 2.50% of the company’s stock.

APH has been the subject of a number of research reports. Evercore ISI reiterated a “buy” rating and set a $77.00 target price on shares of Amphenol in a research report on Tuesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on shares of Amphenol from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 29th. Finally, Morgan Stanley raised their price target on Amphenol from $66.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, April 29th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.33.

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 in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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