Amphenol Co. (NYSE:APH) Stock Position Increased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lifted its position in Amphenol Co. (NYSE:APH) by 8.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,342 shares of the electronics maker’s stock after buying an additional 811 shares during the period. Integrated Wealth Concepts LLC’s holdings in Amphenol were worth $674,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Beacon Capital Management LLC raised its stake in shares of Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its position in shares of Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares during the period. Trifecta Capital Advisors LLC raised its position in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Sachetta LLC raised its position in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the period. Finally, New Millennium Group LLC acquired a new stake in shares of Amphenol during the second quarter worth $31,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APH. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird boosted their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

Shares of NYSE APH opened at $72.63 on Wednesday. The business’s 50-day moving average price is $69.51 and its two-hundred day moving average price is $67.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. Amphenol Co. has a one year low of $46.82 and a one year high of $74.93. The company has a market capitalization of $87.56 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. Analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. Amphenol’s dividend payout ratio is currently 37.93%.

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.