PFG Advisors decreased its position in Amphenol Corporation (NYSE:APH – Free Report) by 44.2% in the 4th quarter, Holdings Channel reports. The fund owned 35,496 shares of the electronics maker’s stock after selling 28,110 shares during the period. PFG Advisors’ holdings in Amphenol were worth $4,797,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after buying an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Amphenol by 87.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after buying an additional 4,721 shares in the last quarter. Bison Wealth LLC lifted its stake in Amphenol by 8.3% during the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after purchasing an additional 618 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Amphenol by 55.4% during the second quarter. NewEdge Advisors LLC now owns 62,946 shares of the electronics maker’s stock worth $6,216,000 after purchasing an additional 22,434 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in Amphenol by 15.5% during the second quarter. Main Street Financial Solutions LLC now owns 4,745 shares of the electronics maker’s stock worth $469,000 after purchasing an additional 638 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Price Performance
Shares of NYSE APH opened at $152.60 on Tuesday. Amphenol Corporation has a fifty-two week low of $62.55 and a fifty-two week high of $167.04. The firm’s 50-day simple moving average is $137.79 and its 200 day simple moving average is $137.73. The company has a quick ratio of 2.48, a current ratio of 2.98 and a debt-to-equity ratio of 1.08. The stock has a market cap of $187.61 billion, a P/E ratio of 45.69, a P/E/G ratio of 1.58 and a beta of 1.25.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd were given a $0.25 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s payout ratio is 29.94%.
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.67% of the company’s stock.
Wall Street Analyst Weigh In
APH has been the topic of several research analyst reports. Barclays restated an “overweight” rating and set a $175.00 price objective (up from $156.00) on shares of Amphenol in a research note on Thursday, January 29th. Citigroup raised their price objective on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Evercore restated an “outperform” rating on shares of Amphenol in a research note on Tuesday, March 17th. UBS Group set a $170.00 price objective on Amphenol and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. raised their target price on Amphenol from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.93.
View Our Latest Research Report on APH
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
Further Reading
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